Two-Building 10-Unit
1527 N Van Ness Avenue Fresno, CA 93728
1527 N Van Ness Avenue, Fresno, CA, 93728
$1,700,000
For Sale
$1,700,000
For sale multifamily with 10 fully occupied units, including studios, plus five garages and five storage units.
Property Size6,700 SF
Price / SF$253.73
Days on Market32
Property Features for 1527 N Van Ness Avenue
General Information
- Standard status
- Active
- Size
- 6,700 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing agency
Real Broker
(559) 349-6208
Listed by
Ian Villalobos Hall · License #DRE #02167144
(559) 349-6208
Source
Exitrealty
Added: Jun 21 Updated: Jul 21 at 6:35AM Checked: Jul 21 at 6:35AM
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 Real Broker
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of two buildings totaling 10 fully occupied units. The first building includes eight units, with two studio units, and the second building includes two large units. The property also offers five garages and five storage spaces to support tenant needs.
The buildings are located in Fresno’s Historic District and provide convenient access to Fresno City College, Fresno High School, and the Tower District. Quick access to Highways 41 and 180 supports commuting throughout Fresno and the surrounding areas.
The exterior has recently been refreshed with new paint, contributing to the property’s well-maintained appearance.
The buildings are located in Fresno’s Historic District and provide convenient access to Fresno City College, Fresno High School, and the Tower District. Quick access to Highways 41 and 180 supports commuting throughout Fresno and the surrounding areas.
The exterior has recently been refreshed with new paint, contributing to the property’s well-maintained appearance.
Key Highlights
- 10‑unit multifamily property built in 1935 with 10 units currently fully occupied (no vacancies reported).
- Unit mix includes studios in the first building (8‑unit building includes 2 studio units).
- Second building includes two large units.
Local Financial Insights For Apartment 5plus
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 | $147.1k | $21.96 |
| − Vacancy | −$7.4k | −$1.10 |
| EGI | $139.8k | $20.86 |
| − OpEx | −$62.9k | −$9.39 |
| NOI | $76.9k | $11.47 |
6,700 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$961.0K – $1.28M
NOI $76,876 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,208 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale multifamily with 10 fully occupied units, including studios, plus five garages and five storage units.
Where is this apartment building located?
The property is located at 1527 N Van Ness Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 10‑unit multifamily property built in 1935 with 10 units currently fully occupied (no vacancies reported).; Unit mix includes studios in the first building (8‑unit building includes 2 studio units).; Second building includes two large units.
