Fresno Multifamily Value-Add
1348 E San Bruno Avenue, Fresno, CA 93710
MULTI_FAMILY - Fresno, CA
Property size:
11,040 SFLot size:
0.37 AcresPrice / SF:
$185/SF- Added:
- Apr 3, 2026
- Days on Market:
- 44
- Last Refresh:
- May 16 at 2:06 am
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 26, Bathroom 9, Bathroom 10, Bedroom 12, Bathroom 6, Bathroom 7, Bedroom 1, Bathroom 13, Bedroom 14, Bedroom 25, Bathroom 1, Bedroom 15, Bathroom 4, Bedroom 2, Bathroom 5, Bedroom 13, Bedroom 17, Bathroom 16, Bathroom 8, Bedroom 18, Bathroom 14, Bedroom 7, Bedroom 9, Bedroom 22, Bedroom 21, Bedroom 3, Bedroom 5, Bedroom 20, Bedroom 10, Bedroom 8, Bathroom 3, Bathroom 2, Bathroom 15, Bathroom 12, Bathroom 11, Bedroom 4, Bedroom 19, Bedroom 24, Bedroom 11, Bedroom 16, Bedroom 6
- 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 agent Anthony Fraser (559) 324-6546
Listing office CenCal Realty 725 VILLA AVE APT 121, Clovis, CA (559) 324-6546
Listing date Apr 3, 2026
MLS# 646575
Listing URL
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.
HighLights
- Value‑add opportunity: Significant room for rent growth through renovation.
- Prime location: Close proximity to Fresno State University and Fashion Fair Mall.
- Strong rental demand: Driven by nearby employment, retail, and higher education.
- Flexible unit mix: Historically configured as a mix of 1‑bedroom, 2‑bedroom, and 4‑bedroom units.
- Gated access and covered parking: Providing security and convenience for tenants.
- High occupancy submarket: Benefits from a deep tenant pool seeking well‑located housing.
Overview
Located one mile from Fresno State University and Fashion Fair Mall, the two-story garden-style multifamily complex at 1348 E San Bruno Avenue, built in 1966, presents a value-add opportunity in the Hoover neighborhood of north Fresno. The property includes approximately 11,040 square feet of improvements on a 16,000 square foot lot. It features gated access, covered parking, and on-site laundry. The community is configured as 15 units, historically reported as a mix of 1-bedroom/1-bath, 2-bedroom/1-bath, and 4-bedroom/2-bath floor plans. The unit mix appeals to students, small families, and workforce tenants. Several units in the complex and surrounding buildings have been refurbished with updated flooring, paint, cabinets, counters, fixtures, and modern heating and cooling. Located in the Fresno Unified School District and surrounded by major arterials, shopping, dining, and public transit, the property benefits from high occupancy and a deep tenant pool seeking housing close to campus and amenities. The property offers the opportunity to acquire an asset with room for rent growth through renovation, improved management, and strategic repositioning.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.41M
NOI $126,674 @ 9.00% cap · cautious / downside scenario
Moderate
$1.81M
NOI $126,674 @ 7.00% cap · market / base-case scenario
Aggressive
$2.53M
NOI $126,674 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| 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 Use Scenarios
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,674 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,733 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.764482
- Latitude
- 36.813389
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two-story, 15-unit complex near Fresno State 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 $2,050,000.
What are key features of this property?
This property features: Value‑add opportunity: Significant room for rent growth through renovation.; Prime location: Close proximity to Fresno State University and Fashion Fair Mall.; Strong rental demand: Driven by nearby employment, retail, and higher education.
