1405 E Cypress Avenue, Reedley, CA 93654
- Added:
- Feb 2, 2026
- Days on Market:
- 142
- Last Refresh:
- Jun 24 at 3:06 am
Property Features for 1405 E Cypress Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 7, Bathroom 4, Bathroom 1, Bedroom 8, Bedroom 6, Bedroom 1
- Parking features
- Covered, Carport
- Exterior features
- Stucco
- Standard status
- Pending
- APN
- 36346009
- Size
- 3,144 SF
- Lot size
- 0.08 Acres
Building Details
- Year built
- 1997
- Floors in Building
- 1
- Number of units
- 4
- Roof type
- Composition
Listing agent Sarah Gillespie (559) 676-6333
Listing office Executive Realty Associates 28474 Yosemite Springs Pkwy#1, Coarsegold, CA (559) 676-6333
Listing date Feb 2, 2026
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
- Fourplex built in 1997 with stucco exterior
- Four 2‑bedroom, 1‑bath units
- Composition roof
- Covered parking with carport
Overview
Located in Reedley, California within Fresno County, the property benefits from a convenient setting described as close to schools, shopping, and parks. The address is 1405 E Cypress Avenue, Reedley, CA 93654.
For investors or owner-operators seeking a small multifamily asset with all units already in place, this fourplex offers an immediately income-producing setup with four separate, similarly sized 2-bedroom homes. The offering also notes an adjacent opportunity to acquire a neighboring fourplex for a combined total of eight units on the same spot, which may appeal to buyers looking to scale their position while keeping their property footprint consolidated.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Reedley
- County
- Fresno
- State
- California
- Longitude
- -119.434401
- Latitude
- 36.606686
