360 N Calaveras ST new Save Request In-Person Tour Request Virtual Tour
Fresno,CA 93701
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $695,000
MLS Listing ID ML82016151
Bedrooms 4
Full Baths 5
Year Built 1958
Lot Size 7,600 Sqft
Property Sub-Type Five or More Units
Property Description
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 of just 2.9%, tying for the 6th lowest in the U.S. (Forbes, 2024). Since 2019, fair market rents in Fresno have surged by 50%, with average rents now at $1,285/month and ranging up to $1,907/month depending on unit size and location (Apartments.com). 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. Unit 3 is vacant and proforma rental amount is based on Fresno County Housing Authority for Section 8.
Location
State CA
County Fresno
Zoning R3
Rooms
Kitchen Exhaust Fan,Garbage Disposal,Oven Range,Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate,Tile
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 459 153 16
Security Features None
Special Listing Condition Not Applicable
Virtual Tour https://www.zillow.com/view-imx/f28604fd-ce08-445d-a5d7-27769c6983cc?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard