CA > Fresno
Fresno, CA 93701,360 N Calaveras ST
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Eddie Oberoi

Eddie Oberoi

+1(408) 771-4088
Listed by Robert M. Balina • Synergize Realty
$695,000
Est. payment /mo
4 Beds
5 Baths
1 SqFt
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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

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Eddie Oberoi

+1(408) 771-4088

Agent | License ID: 01323567

Agent License ID: 01323567

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360 N Calaveras ST