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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Robert M. Balina • Synergize Realty, DRE#01263881

$ 569,000

Est. payment | -/mo

4 Beds

5 Baths

2,862 SqFt

Save

$ 569,000

Est. payment | -/mo

Save

4 Beds

5 Baths

2,862 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,862 sqft

Price per Sqft $198

MLS Listing ID ML82062073

Bedrooms 4

Full Baths 5

Year Built 1964

Lot Size 7,600 Sqft

Property Sub-Type Five or More Units

Property Description

100% Fully Occupied 5-Unit Apartment Complex in Fresno's Historic Lowell neighborhood and thriving rental market. This property offers a rare combination of modern upgrades and strong cash flow potential, and close to city amenities. Updated units with laminate wood flooring, new countertops, appliances, and contemporary fixtures. Fresnos rental market is booming, ranking as the 9th most competitive rental market in the nation with a low vacancy rate, tying for the 6th lowest in the U.S. (Forbes, 2024). This property is located near the intersection of Highways 99 and 180 near Downtown Fresno. Diverse shopping centers within 1.5 miles, including international grocers and small markets on East Olive Avenue. The Community Regional Medical Center is walking distance.

Location

State CA

County Fresno

Area Fresno County

Zoning R-3

Rooms

Other Rooms Laundry Room

Kitchen Exhaust Fan, Garbage Disposal, Oven Range, Refrigerator

Interior

Heating Central Forced Air

Cooling Window / Wall Unit

Laundry Hookups Only

Exterior

Parking Features Carport , Covered Parking

Community Features Common Utility Room

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 459-153-16

Security Features None

Special Listing Condition Not Applicable

Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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360 N Calaveras ST Fresno, CA 93701