Two-Story Garden-Style Apartment
1348 E San Bruno Avenue Fresno, CA 93710
1348 E San Bruno Avenue, Fresno, CA, 93710
$1,850,000
For Sale
$1,850,000
MULTI_FAMILY - Fresno, CA
Property Size11,040 SF
Lot Size0.37 Acres
Price / SF$167.57
Days on Market110
Property Features for 1348 E San Bruno Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 26
- Bathrooms
- 16
- Rooms
- Bedroom 23, Bedroom 9, Bathroom 13, Bedroom 14, Bedroom 4, Bedroom 11, Bedroom 26, Bedroom 5, Bedroom 1, Bedroom 25, Bathroom 5, Bedroom 20, Bathroom 6, Bedroom 8, Bedroom 6, Bathroom 11, Bedroom 15, Bathroom 14, Bathroom 9, Bedroom 21, Bathroom 15, Bedroom 7, Bedroom 18, Bathroom 7, Bedroom 22, Bedroom 13, Bedroom 16, Bedroom 17, Bathroom 2, Bedroom 10, Bedroom 2, Bathroom 16, Bathroom 8, Bedroom 3, Bathroom 3, Bathroom 10, Bathroom 1, Bedroom 24, Bedroom 19, Bedroom 12, Bathroom 4, Bathroom 12
- Parking features
- Carport, Covered
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 41816121S
- Size
- 11,040 SF
- Lot size
- 0.37 Acres
Building Details
- Year built
- 1966
- Floors in Building
- 2
- Number of units
- 15
Listing agency
CenCal Realty
(559) 324-6546
Listed by
Anthony Fraser
(559) 324-6546
Added: Apr 3 Updated: Jul 21 at 3:25PM Checked: Jul 21 at 11:06PM
MLS# 646575
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1348 E San Bruno Avenue is a 1966-built, two-story garden-style multifamily property configured as 15 units. The community includes a mix of 1-bedroom/1-bath, 2-bedroom/1-bath, and 4-bedroom/2-bath layouts, supporting a flexible tenant mix. On-site amenities include gated access, covered parking, and on-site laundry. Several units have been refurbished with updated flooring, paint, cabinets, counters, fixtures, and modern heating and cooling, reflecting opportunities to continue light renovation and upgrades across the building.
The property is located just one mile from Fresno State University and Fashion Fair Mall, placing it within the Fresno Unified School District. It is also described as being surrounded by major arterials, with nearby shopping, dining, and public transit serving the surrounding area.
This building is well suited for investors and owner-operators seeking a small- to mid-sized apartment asset with an established unit mix and in-place community features. The presence of completed interior refreshes can support continued repositioning planning, while the combination of gated entry, covered parking, and on-site laundry provides practical, day-to-day resident conveniences.
The property is located just one mile from Fresno State University and Fashion Fair Mall, placing it within the Fresno Unified School District. It is also described as being surrounded by major arterials, with nearby shopping, dining, and public transit serving the surrounding area.
This building is well suited for investors and owner-operators seeking a small- to mid-sized apartment asset with an established unit mix and in-place community features. The presence of completed interior refreshes can support continued repositioning planning, while the combination of gated entry, covered parking, and on-site laundry provides practical, day-to-day resident conveniences.
Key Highlights
- 1966‑built, two‑story garden‑style multifamily complex near Fresno State University and Fashion Fair Mall (about 1 mile).
- Approx. 11,040 SF of improvements on a 16,000 SF lot with gated access and on‑site laundry.
- Configured as 15 units with historical mix of 1BR/1BA, 2BR/1BA, and 4BR/2BA floor plans.
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 | $242.4k | $21.96 |
| − Vacancy | −$12.1k | −$1.10 |
| EGI | $230.3k | $20.86 |
| − OpEx | −$103.6k | −$9.39 |
| NOI | $126.7k | $11.47 |
11,040 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two-story multifamily with gated access, 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: 1966‑built, two‑story garden‑style multifamily complex near Fresno State University and Fashion Fair Mall (about 1 mile).; Approx. 11,040 SF of improvements on a 16,000 SF lot with gated access and on‑site laundry.; Configured as 15 units with historical mix of 1BR/1BA, 2BR/1BA, and 4BR/2BA floor plans.
