A circuit board structure with embedded selectable passive components and a method for fabricating the same are proposed, wherein a plurality of passive components are embedded in a circuit board and a plurality of electrical connections are formed on a surface of the circuit board and electrically connected to the passive components. A circuit structure is formed close to the electrical connections for selectively forming a conductive layer thereon to electrically connect a portion of the passive components according to different electrical situations, in order to provide a set of passive components for electrical design of electronic devices.