Fully Occupied Fourplex
1405 E Cypress Avenue Reedley, CA 93654
For Sale
$644,900
Fully occupied fourplex with four 2-bedroom, 1-bath units, each with central HVAC and indoor laundry.
Property Size3,144 SF
Price / SF$205.12
Days on Market86
Property Features for 1405 E Cypress Avenue
General Information
- Standard status
- Active
- Size
- 3,144 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1997
Listing Agency:
eXp Realty of Greater Los Angeles, Inc
(559) 246-4905
Listed By:
Marie Meza · License #01772801
(559) 246-4905
Source:
Coalingamidstaterealty
Added: Apr 30
Changed: Jul 24
Last Checked: Jul 24 at 4:18PM
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 Realty of Greater Los Angeles, Inc
Investment Insights
Based on property information with market context.
This fully occupied fourplex includes four 2-bedroom, 1-bath units. The property’s unit mix totals approximately 3,144 square feet, with each unit featuring central HVAC and indoor laundry. Three units have been updated with modern kitchens and bathrooms, along with durable LVP flooring, while one unit reflects long-term tenancy.
The property is located near schools, shopping, and commuter routes. Offers are subject to inspection, and tenants should not be disturbed. Unit configuration is per tax records, with the buyer to verify details.
Please note that specific unit-by-unit features and any additional improvements should be confirmed during inspection.
The property is located near schools, shopping, and commuter routes. Offers are subject to inspection, and tenants should not be disturbed. Unit configuration is per tax records, with the buyer to verify details.
Please note that specific unit-by-unit features and any additional improvements should be confirmed during inspection.
Key Highlights
- Fully occupied fourplex built in 1997 with four 2‑bedroom, 1‑bath units
- Approx. 3,144 SF total building area, with unit configuration per tax records
- Central HVAC and indoor laundry in each unit
Financial Insights For Multifamily LT 5
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 | $63.4k | $20.16 |
| − Vacancy | −$3.9k | −$1.25 |
| EGI | $59.5k | $18.91 |
| − OpEx | −$17.8k | −$5.67 |
| NOI | $41.6k | $13.24 |
3,144 SF · lease $20.16/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$594.5K
$520.2K – $693.6K
NOI $41,617 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$568.0K
$497.0K – $662.6K
NOI $39,758 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$891.1K
$779.7K – $1.04M
NOI $62,376 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex with four 2-bedroom, 1-bath units, each with central HVAC and indoor laundry.
Where is this quadplex located?
The property is located at 1405 E Cypress Avenue Reedley, CA.
What is the asking price?
The asking price for this property is $644,900.
What are key features of this property?
This property features: Fully occupied fourplex built in 1997 with four 2‑bedroom, 1‑bath units; Approx. 3,144 SF total building area, with unit configuration per tax records; Central HVAC and indoor laundry in each unit
