Central Fresno Multifamily Investment
4316 East Olive Avenue Unit AE Fresno, CA 93702
4316 East Olive Avenue Unit AE, Fresno, CA, 93702
$640,000
For Sale
$640,000
Five-unit multifamily property in Central Fresno with strong cash flow.
Property Size2,200 SF
Price / SF$290.91
Days on Market102
Property Features for 4316 East Olive Avenue Unit AE
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multi Family / 5 to 15 Units
Building Details
- Year Built
- 1963
Listing Agency
HomeSmart PV and Associates
(559) 274-7025
Listed by
Puneet Bhargava · License #01859500
(559) 274-7025
Source
Compass
Added: Apr 7 Checked: Jul 16 at 6:09 am
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 HomeSmart PV and Associates
Investment Insights
Based on property information with market context.
This is a five-unit multifamily property located in Central Fresno. The property features five 1-bedroom, 1-bath units. The property is 100% occupied and offers strong cash flow. There are five covered carports. The location is convenient to grocery stores, gas stations, shopping, and freeway access. Four of the five units are occupied by Section 8 tenants, providing reliable rental income. The total gross monthly rent is $6,052, and the total annual gross rent is $72,624. Unit A rents for $1,116 per month, Unit B rents for $1,232 per month, Unit C rents for $1,157 per month, Unit D rents for $1,182 per month, and Unit E rents for $1,315 per month. The property is an excellent opportunity for investors seeking rental income and long-term growth potential in a desirable rental market.
Key Highlights
- Strong cash flow investment opportunity with 100% occupancy.
- Total Annual Gross Rent: $72,624.
- Four of five units occupied by Section 8 tenants, providing reliable rental income.
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 | $49.6k | $22.56 |
| − Vacancy | −$2.6k | −$1.17 |
| EGI | $47.1k | $21.39 |
| − OpEx | −$21.2k | −$9.62 |
| NOI | $25.9k | $11.76 |
2,200 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$369.7K
$323.5K – $431.3K
NOI $25,878 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.9K
$469.8K – $626.4K
NOI $37,581 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Five-unit multifamily property in Central Fresno with strong cash flow.
Where is this apartment building located?
The property is located at 4316 East Olive Avenue Unit AE Fresno, CA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Strong cash flow investment opportunity with 100% occupancy.; Total Annual Gross Rent: $72,624.; Four of five units occupied by Section 8 tenants, providing reliable rental income.
