Building Details

Year Built 1997

Buildings 1

Tenancy Multi

Listing Agency: eXp Realty of Greater Los Angeles, inc.

Listed By: Marie Meza · License #01772801 Show Phone

Source: Homesofgreatersacramento

Added: Apr 14 Changed: Oct 1 Last Checked: Oct 12 at 7:53PM

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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.

Built in 1997, this quadplex contains four two-bedroom, one-bath residences totaling approximately 3,144 square feet. All units are occupied, and each includes central HVAC and indoor laundry. Three residences have received updates to their kitchens, bathrooms, and flooring, while the fourth has a long-term tenant.

The property is positioned near schools, shopping, and commuter routes in Reedley. Tenant access is restricted during marketing, and offers are subject to inspection. Unit configuration is based on tax records and should be independently verified.

Key Highlights

• Four 2‑bedroom, 1‑bath units totaling approximately 3,144 square feet
• Fully occupied quadplex
• Three units updated with modern kitchens, bathrooms, and durable LVP flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,617

Cap Rate

6.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$832,340 $832.3K

Cap Rate 7%

$594,529 $594.5K

Cap Rate 9%

$462,411 $462.4K

Market Conditions

NOI Build-Up for 3,144 SF

Gross rent

$63.4K $20.16/SF

− Vacancy

−$3.9K −$1.25/SF

EGI

$59.5K $18.91/SF

− OpEx

−$17.8K −$5.67/SF

NOI

$41.6K $13.24/SF

Area

Fresno County, CA

Vacancy

6.20%

Lease Rate

$20.16 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$832,340

Cap Rate 7%

$594,529

Cap Rate 9%

$462,411

Alternative Uses

Best Use

Multifamily LT 5

$594.5K

$520.2K – $693.6K (±1% cap)

NOI $41,617 @ 7.0% cap · market cap 6.77%

Second Best

Apartment 5plus

$568.0K

$497.0K – $662.6K (±1% cap)

NOI $39,758 @ 7.0% cap · market cap 6.47%

Theoretical Best

Office A

$891.1K

$779.7K – $1.04M (±1% cap)

NOI $62,376 @ 7.0% cap · market cap 10.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Dental Office Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

302

Businesses Nearby

Explore this area Business Placement

Demographics for 93654, CA

30,620

Population

9,505

Households

3.2

Avg Household Size

34

Median Age

17%

College-Educated

71%

High-School Grad

100.5 sq mi

ZIP Area

305

Density / Sq Mi

$67,471

Median Household Income

$31,281

Median Earnings

$1,198

Median Rent

$334,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Fully occupied income property with central HVAC and indoor laundry in every unit.

Where is this quadplex located?

The property is located at 1405 E Cypress Ave Reedley, CA.

What is the asking price?

The asking price for this property is $614,900.

What are key features of this property?

This property features: Four 2‑bedroom, 1‑bath units totaling approximately 3,144 square feet; Fully occupied quadplex; Three units updated with modern kitchens, bathrooms, and durable LVP flooring