Remodeled Senior Care
3676 E DAKOTA AVE Fresno, CA 93722
3676 E DAKOTA AVE, Fresno, CA, 93722
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For Sale
Contact for pricing
Extensively remodeled assisted living property with approved Fresno CUP and upgraded fire, HVAC, and security systems.
Property Size8,680 SF
Price / SF$190.09
Days on Market57
Property Features for 3676 E DAKOTA AVE
General Information
- Standard status
- Active
- Size
- 8,680 SF
- Property subtype
- Senior Living, Special Purpose
Building Details
- Year Built
- 1978
Listing agency
Premium Group Real Estate Inc.
(559) 906-3809
Listed by
Junus Perry · License #01152501
Source
Crexi
Added: May 27 Updated: Jul 21 at 5:22PM Checked: Jul 22 at 12:17PM
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 Premium Group Real Estate Inc.
Investment Insights
Based on property information with market context.
This extensively remodeled senior care facility is designed for residential care-related use, with an approved Conditional Use Permit (CUP) from the City of Fresno for RCFE (Residential Care Facility/Assisted Living). The property has been upgraded with substantial capital improvements, including a new roof and flashing, new acrylic smooth stucco exterior, upgraded windows and doors, and a fire sprinkler system. Additional improvements include security cameras, automated LED lighting, upgraded HVAC and ducting, and newly repaved parking areas.
Interior features include a spacious auditorium, multipurpose room, and an upgraded commercial kitchen with commercial appliances included in the sale, English-style cabinetry, and quartz countertops. The existing layout includes multiple rooms, office space, and several restrooms, including larger multi-stall restroom facilities.
The entire property is fully fenced and includes newly landscaped grounds with two gated parking lots and approximately 45 parking spaces. Conceptual plans provide for up to 22 bedrooms accommodating approximately 40 residents, though final construction drawings and any additional approvals required by the City of Fresno and applicable agencies will be necessary. Buyer to verify all intended uses, licensing requirements, approvals, occupancy limits, permits, and development standards with the City of Fresno and all applicable agencies.
Interior features include a spacious auditorium, multipurpose room, and an upgraded commercial kitchen with commercial appliances included in the sale, English-style cabinetry, and quartz countertops. The existing layout includes multiple rooms, office space, and several restrooms, including larger multi-stall restroom facilities.
The entire property is fully fenced and includes newly landscaped grounds with two gated parking lots and approximately 45 parking spaces. Conceptual plans provide for up to 22 bedrooms accommodating approximately 40 residents, though final construction drawings and any additional approvals required by the City of Fresno and applicable agencies will be necessary. Buyer to verify all intended uses, licensing requirements, approvals, occupancy limits, permits, and development standards with the City of Fresno and all applicable agencies.
Key Highlights
- Year built 1978 with an approved City of Fresno CUP for RCFE (Residential Care Facility/Assisted Living)
- Conceptual plans for up to 22 bedrooms to accommodate approximately 40 residents (buyer to verify approvals and occupancy limits)
- Substantial remodel including new roof and flashing, acrylic smooth stucco exterior, upgraded windows and doors
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 | $171.9k | $19.80 |
| − Vacancy | −$7.2k | −$0.83 |
| EGI | $164.6k | $18.97 |
| − OpEx | −$74.1k | −$8.54 |
| NOI | $90.6k | $10.43 |
8,680 SF · lease $19.80/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,555 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,492 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
Similar Off Market Nearby
- Paintbrush Assisted Living — 4356 W Ashlan Ave, Fresno, CA 93722
- GoodHome Residential — 3721 W Garland Ave, Fresno, CA 93722
FAQs
What type of property is this?
Assisted living facility - Extensively remodeled assisted living property with approved Fresno CUP and upgraded fire, HVAC, and security systems.
Where is this assisted living facility located?
The property is located at 3676 E DAKOTA AVE Fresno, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Year built 1978 with an approved City of Fresno CUP for RCFE (Residential Care Facility/Assisted Living); Conceptual plans for up to 22 bedrooms to accommodate approximately 40 residents (buyer to verify approvals and occupancy limits); Substantial remodel including new roof and flashing, acrylic smooth stucco exterior, upgraded windows and doors
