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    Reedley Fourplex: Investment Opportunity Title is generated by Realmo AI

    1405 E Cypress Avenue, Reedley, CA 93654

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    Claim this Listing
    For Sale
    $664,900

    MULTI_FAMILY - Reedley, CA

    Property size:
    3,144 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $211/SF
    Added:
    Apr 30, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 24 at 6:06 am

    Property Features for 1405 E Cypress Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R16
    Parking features
    Carport
    Standard status
    Active
    APN
    36346003
    Size
    3,144 SF
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Lvt

    We can help!

    Listing Contact
    Marie Meza

    Listing agent Marie Meza License #01772801

    Listing office eXp Realty of Greater Los Angeles, Inc. 303 N Glenoaks Blvd., Ste. 200, Burbank, CA

    Listing date Apr 30, 2026

    MLS# 234133 Listing URL

    Copyright © 2026 Kings County Board 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

    • Fully occupied fourplex with four 2‑bedroom, 1‑bath units and approximately 3,144 SF total
    • 3 units updated with modern kitchens, bathrooms, and LVP (LVT) flooring
    • 1 unit with long‑term tenancy
    • Each unit includes central HVAC and indoor laundry
    • Parking includes carport
    • Utilities: public water and public sewer

    Overview

    This fully occupied fourplex, located in Reedley, California, presents an investment opportunity. The property features four units, each with 2 bedrooms and 1 bathroom. The total building size is approximately 3,144 square feet. Three of the units have been updated with modern kitchens, bathrooms, and LVP flooring. One unit has a long-term tenant. Each unit is equipped with central HVAC and indoor laundry. The property is conveniently located near schools, shopping, and commuter routes. The lot size is 0.0826 acres. The zoning is R16. The property is well-suited for investors seeking an income-producing asset with potential upside. Unit configuration is per tax records; buyer to verify.

    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
    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 (±1% cap)
    NOI $41,617 @ 7.0% cap · market cap 6.26%
    Second Best
    Apartment 5plus
    $568.0K
    $497.0K – $662.6K (±1% cap)
    NOI $39,758 @ 7.0% cap · market cap 5.98%
    Theoretical Best
    Office A
    $891.1K
    $779.7K – $1.04M (±1% cap)
    NOI $62,376 @ 7.0% cap · market cap 9.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reedley
    County
    Fresno
    State
    California
    Longitude
    -119.435119
    Latitude
    36.60673

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied fourplex in Reedley, CA, near schools and shopping.
    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 $664,900.
    What are key features of this property?
    This property features: Fully occupied fourplex with four 2‑bedroom, 1‑bath units and approximately 3,144 SF total; 3 units updated with modern kitchens, bathrooms, and LVP (LVT) flooring; 1 unit with long‑term tenancy
    (559) 246-4905
    We can help!
    Listing Contact
    Marie Meza
    Real Estate License ID: 01772801
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