Remodeled
For Sale
$875,000
1456 S Chance Avenue, Fresno, CA 93702
Four residential units offer income-producing configuration following a remodel.
Property Size3,427 SF
Price / SF$255.33
Days on Market60
Property Features for 1456 S Chance Avenue
General Information
Standard status
Active
Size
3,427 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Downtown
Additional Details
Multifamily Units
4
Building Details
Building Size
3,427 SF
Year Built
1971
Listing Agency:
American 1st Real Estate
Listed By:
Jesse Canales · License #00584809
(559) 225-3362
Source:
Pinkkeyrealestate
Added: Sep 3
Changed: Oct 30
Last Checked: Oct 30 at 2:08PM
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 American 1st Real Estate
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Investment Insights
Based on property information with market context.
This fourplex contains four residential units and was built in 1971. The property has been remodeled, and the units are described as being in excellent condition. Its four-unit configuration identifies the asset as a quadplex, with 3,427 square feet of building area.
Key Highlights
- Fourplex with four residential units
- 3,427 square feet of building area
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,886
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,720
$897.7K
Cap Rate 7%
$641,229
$641.2K
Cap Rate 9%
$498,733
$498.7K
Market Conditions
NOI Build-Up for 3,427 SF
Gross rent
$67.9K $19.80/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$64.1K $18.71/SF
− OpEx
−$19.2K −$5.61/SF
NOI
$44.9K $13.10/SF
Area
ZIP 93702
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,720
Cap Rate 7%
$641,229
Cap Rate 9%
$498,733
Alternative Uses
Best Use
Multifamily LT 5
$641.2K
$561.1K – $748.1K
NOI $44,886 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$575.9K
$503.9K – $671.9K
NOI $40,311 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$836.3K
$731.8K – $975.7K
NOI $58,541 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
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Business Placement
Demographics for 93702, CA
45,741
Population
13,386
Households
3.4
Avg Household Size
29
Median Age
9%
College-Educated
57%
High-School Grad
5.2 sq mi
ZIP Area
8,796
Density / Sq Mi
$44,849
Median Household Income
$27,486
Median Earnings
$1,110
Median Rent
$211,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer income-producing configuration following a remodel.
Where is this quadplex located?
The property is located at 1456 S Chance Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fourplex with four residential units; 3,427 square feet of building area; Built in 1971
