Two-Building 16-Unit Apartment
1312 East Bulldog Lane Fresno, CA 93710
For Sale
$2,400,000
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 Market30
Property Features for 1312 East Bulldog Lane
General Information
- Standard status
- Active
- Size
- 12,240 SF
- Lot size
- 0.37 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing Agency:
eXp Commercial
(818) 433-0548
Listed By:
Karl Markarian · License #CalDRE #01932970
Source:
7s
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 23 at 8:31AM
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
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 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 | $268.8k | $21.96 |
| − Vacancy | −$13.4k | −$1.10 |
| EGI | $255.4k | $20.86 |
| − OpEx | −$114.9k | −$9.39 |
| NOI | $140.4k | $11.47 |
12,240 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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.
