19-Unit Apartment
For Sale
$2,200,000
2691 Olive Ave, Atwater, CA 95301
Single-story residences offer enclosed patios, attached garages, and in-unit washer and dryer hookups.
Property Size19,500 SF
Days on Market106
Property Features for 2691 Olive Ave
General Information
Standard status
Active
Size
19,500 SF
Property subtype
Multifamily
Occupancy
95%
Property Condition
Severity
Repairs Needed
Evidence
very dated and will need to be renovated
Financials
Cap Rate
5.73%
Gross Rent Multiplier
7.94
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 2BR/1BA, 12 x 3BR/1BA, 1 x 4BR/2BA
Multifamily Units
19
Amenities
large enclosed patios
washer and dryer hookups
Favorable Unit Mix: (6) two-bedroom/one-bathroom, (12) three-bedroom/one-bathroom and (1) four-bedroom/two-bathroom house
Single Story
Large Enclosed Patios
Currently 28% Below Market Rents
Washer and Dryer Hookups in Each Unit
Attached Garage
8.37% Cap Rate Proforma
Building Details
Building Size
19,500 SF
Year Built
1980
Buildings
9
Units
19
Listing Agency:
Fresno Office
(559) 476-5580
Listed By:
Jon Mimms · License #License(s): CA: 01820718
(559) 476-5580
Source:
Marcusmillichap
Added: May 18
Changed: Aug 30
Last Checked: Aug 31 at 12:38PM
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 Fresno Office
Investment Insights
Based on property information with market context.
This 19-unit apartment property was built approximately in 1980 and includes nine duplex buildings on a single APN. The unit mix consists of six two-bedroom, one-bath residences; twelve three-bedroom, one-bath residences; and one four-bedroom, two-bath house. Units average 1,333 square feet and are arranged on one level, with enclosed patios, attached garages, and washer and dryer hookups. Gas and electric service are separately metered. The interiors are dated and require renovation.
Located off Highway 99, the property provides access to the highway. Nearby schools include Aileen Colburn Elementary at 0.6 miles, Mitchell Senior Elementary at 1.4 miles, and Atwater High School at 2 miles.
Located off Highway 99, the property provides access to the highway. Nearby schools include Aileen Colburn Elementary at 0.6 miles, Mitchell Senior Elementary at 1.4 miles, and Atwater High School at 2 miles.
Key Highlights
- 19 units across 9 duplexes on one APN
- Unit mix includes 6 two‑bedroom/one‑bath, 12 three‑bedroom/one‑bath, and 1 four‑bedroom/two‑bath house
- Units average 1,333 square feet and are single‑story
Property Analytics
Property Profile
Current Use
Lease Details
19
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 95301, CA
40,886
Population
13,250
Households
3.1
Avg Household Size
35
Median Age
16%
College-Educated
74%
High-School Grad
76.1 sq mi
ZIP Area
537
Density / Sq Mi
$66,669
Median Household Income
$40,101
Median Earnings
$1,215
Median Rent
$367,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Single-story residences offer enclosed patios, attached garages, and in-unit washer and dryer hookups.
Where is this apartment building located?
The property is located at 2691 Olive Ave Atwater, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 19 units across 9 duplexes on one APN; Unit mix includes 6 two‑bedroom/one‑bath, 12 three‑bedroom/one‑bath, and 1 four‑bedroom/two‑bath house; Units average 1,333 square feet and are single‑story
