Gated Multifamily Apartment
For Sale
$1,850,000
1348 E San Bruno Avenue, Fresno, CA 93710
Two-story garden-style community with covered parking and on-site laundry near Fresno State University and Fashion Fair Mall.
Property Size11,040 SF
Lot Size0.37 Acres
Price / SF$167.57
Days on Market156
Property Features for 1348 E San Bruno Avenue
General Information
Standard status
Active
Size
11,040 SF
Lot size
0.37 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
15
Amenities
gated access
covered parking
on-site laundry
Building Details
Year Built
1966
Stories
2
Construction
garden-style
Listing Agency:
CenCal Realty
(559) 324-6546
Listed By:
Anthony M. Fraser GRI · License #DRE #01355047
(330) 600-1221
Source:
Exitrealty
Added: May 12
Changed: Sep 2
Last Checked: Sep 15 at 6:08AM
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 CenCal Realty
Investment Insights
Based on property information with market context.
Built in 1966, this two-story garden-style apartment property contains 15 units within approximately 11,040 square feet of improvements on a 16,000-square-foot lot. The site includes gated access, covered parking, and on-site laundry. Historically reported floor plans include one-bedroom/one-bath, two-bedroom/one-bath, and four-bedroom/two-bath units.
The property is located at 1348 E San Bruno Avenue in Fresno, approximately one mile from Fresno State University and Fashion Fair Mall. The surrounding area includes employment, retail, dining, major arterials, and public transit, and the property is within the Fresno Unified School District.
The property is located at 1348 E San Bruno Avenue in Fresno, approximately one mile from Fresno State University and Fashion Fair Mall. The surrounding area includes employment, retail, dining, major arterials, and public transit, and the property is within the Fresno Unified School District.
Key Highlights
- 15‑unit apartment property built in 1966
- Approximately 11,040 square feet of improvements on a 16,000‑square‑foot lot
- Historically reported mix of 1‑bedroom/1‑bath, 2‑bedroom/1‑bath, and 4‑bedroom/2‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,674
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,480
$2.5M
Cap Rate 7%
$1,809,629
$1.8M
Cap Rate 9%
$1,407,489
$1.4M
Market Conditions
NOI Build-Up for 11,040 SF
Gross rent
$242.4K $21.96/SF
− Vacancy
−$12.1K −$1.10/SF
EGI
$230.3K $20.86/SF
− OpEx
−$103.6K −$9.39/SF
NOI
$126.7K $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%
$2,533,480
Cap Rate 7%
$1,809,629
Cap Rate 9%
$1,407,489
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,674 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,733 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
15
Residential units
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story garden-style community with covered parking and on-site laundry near Fresno State University and Fashion Fair Mall.
Where is this apartment building located?
The property is located at 1348 E San Bruno Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 15‑unit apartment property built in 1966; Approximately 11,040 square feet of improvements on a 16,000‑square‑foot lot; Historically reported mix of 1‑bedroom/1‑bath, 2‑bedroom/1‑bath, and 4‑bedroom/2‑bath units
