Multifamily Apartment
125 E Dakota Ave Fresno, CA 93704
125 E Dakota Ave, Fresno, CA, 93704
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For Sale
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Multifamily apartment community with lush landscaping, mature trees, and open green spaces.
Property Size24,360 SF
Price / SF$174.47
Days on Market84
Property Features for 125 E Dakota Ave
General Information
- Standard status
- Active
- Size
- 24,360 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
Northmarq
(952) 356-0100
Listed by
Robin Kane · License ##00583537
Source
Crexi
Added: Apr 30 Updated: Jul 21 at 7:08PM Checked: Jul 22 at 8:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Investment Insights
Based on property information with market context.
Channel Breeze is a multifamily apartment community positioned for value through interior renovations and operational improvements. Public remarks indicate current in-place rents average $1,105, compared with $1,325 in market rents for similar units, with pro forma projecting rent growth and recapture of loss-to-lease over the next several years.
The property is located in Fresno’s Old Fig Garden submarket and is surrounded by retail and lifestyle destinations including Fig Garden Village, River Park, and Fashion Fair Mall. Residents are described as benefiting from proximity to schools, major employers, dining, shopping, and entertainment.
On-site, the property features lush landscaping, mature trees, and open green spaces, along with direct access to walking trails and recreational amenities.
The property is located in Fresno’s Old Fig Garden submarket and is surrounded by retail and lifestyle destinations including Fig Garden Village, River Park, and Fashion Fair Mall. Residents are described as benefiting from proximity to schools, major employers, dining, shopping, and entertainment.
On-site, the property features lush landscaping, mature trees, and open green spaces, along with direct access to walking trails and recreational amenities.
Key Highlights
- Multifamily apartment community built in 1984.
- Inplace rents average $1,105, compared to $1,325 in market rents for similar area units.
- Old Fig Garden submarket location near Fig Garden Village, River Park, and Fashion Fair Mall.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $534.9k | $21.96 |
| − Vacancy | −$26.7k | −$1.10 |
| EGI | $508.2k | $20.86 |
| − OpEx | −$228.7k | −$9.39 |
| NOI | $279.5k | $11.47 |
24,360 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.99M
$3.49M – $4.66M
NOI $279,509 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.18M
$6.28M – $8.37M
NOI $502,498 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Channel Breeze Apartments
Apartment Building
Brandon M. Robertson, ...
Counselor
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Multifamily apartment community with lush landscaping, mature trees, and open green spaces.
Where is this apartment building located?
The property is located at 125 E Dakota Ave Fresno, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Multifamily apartment community built in 1984.; Inplace rents average $1,105, compared to $1,325 in market rents for similar area units.; Old Fig Garden submarket location near Fig Garden Village, River Park, and Fashion Fair Mall.
