Two-Building 16-Unit Apartment
For Sale
$2,400,000
1312 East Bulldog Lane, Fresno, CA 93710
Two adjacent 16-unit multifamily buildings offer identical 2BR/1BA units on a single, zoned R-4 site.
Property Size12,240 SF
Lot Size0.37 Acres
Price / SF$196.08
Days on Market168
Property Features for 1312 East Bulldog Lane
General Information
Standard status
Active
Size
12,240 SF
Lot size
0.37 Acres
Zoning
R-4
Occupancy
100%
Site & Location
Neighborhood
Hoover
Highway Access
Yes
Additional Details
Multifamily Units
16
Building Details
Year Built
1965
Tenancy
Multi
Listing Agency:
eXp Commercial
Listed By:
Karl Markarian · License #01932970
(818) 433-0548
Source:
Expcommercial
Added: May 9
Changed: Oct 19
Last Checked: Oct 23 at 3:19AM
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 eXp Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
1312 and 1322 E. Bulldog Lane is a 16-unit, 1965-vintage multifamily property comprising two adjacent buildings operated as a single asset. The site contains 16 units with identical 2BR/1BA floor plans, each with 765 rentable square feet, simplifying ongoing operations, turnover, and capital planning. Fifteen of the units are revenue-generating, and one unit is occupied by on-site property management.
The property is on a 16,117 SF lot and is zoned R-4, which supports the existing density. The site is located within FEMA Flood Zones C and X, classified as areas of minimal flood hazard.
For tenants and investors seeking a straightforward unit mix, the uniform plan configuration supports consistent leasing and operational management across the property’s 16 units.
The property is on a 16,117 SF lot and is zoned R-4, which supports the existing density. The site is located within FEMA Flood Zones C and X, classified as areas of minimal flood hazard.
For tenants and investors seeking a straightforward unit mix, the uniform plan configuration supports consistent leasing and operational management across the property’s 16 units.
Key Highlights
- 16‑unit multifamily asset with two adjacent buildings operated as one property (1965 vintage, year built 1965).
- All units are identical 2BR/1BA floor plans with 765 rentable SF each, totaling 12,240 rentable SF.
- 15 of 16 units are revenue‑generating, with 1 unit occupied by on‑site property management.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,443
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,808,860
$2.8M
Cap Rate 7%
$2,006,329
$2.0M
Cap Rate 9%
$1,560,478
$1.6M
Market Conditions
NOI Build-Up for 12,240 SF
Gross rent
$268.8K $21.96/SF
− Vacancy
−$13.4K −$1.10/SF
EGI
$255.4K $20.86/SF
− OpEx
−$114.9K −$9.39/SF
NOI
$140.4K $11.47/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,808,860
Cap Rate 7%
$2,006,329
Cap Rate 9%
$1,560,478
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.76M – $2.34M
NOI $140,443 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,487 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
16
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,560
Businesses Nearby
Explore this area
Business Placement
Demographics for 93710, CA
30,552
Population
12,581
Households
2.4
Avg Household Size
32
Median Age
30%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
4,928
Density / Sq Mi
$62,294
Median Household Income
$32,232
Median Earnings
$1,337
Median Rent
$348,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent 16-unit multifamily buildings offer identical 2BR/1BA units on a single, zoned R-4 site.
Where is this apartment building located?
The property is located at 1312 East Bulldog Lane Fresno, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 16‑unit multifamily asset with two adjacent buildings operated as one property (1965 vintage, year built 1965).; All units are identical 2BR/1BA floor plans with 765 rentable SF each, totaling 12,240 rentable SF.; 15 of 16 units are revenue‑generating, with 1 unit occupied by on‑site property management.
