Turnkey 10-Unit Multifamily
435 N Valeria Street Fresno, CA 93701
435 N Valeria Street, Fresno, CA, 93701
$1,499,900
For Sale
$1,499,900
Fully occupied 10-unit apartment community with an on-site laundry room and covered rear parking.
Property Size8,580 SF
Lot Size0.29 Acres
Price / SF$174.81
Days on Market30
Property Features for 435 N Valeria Street
General Information
- Standard status
- Active
- Size
- 8,580 SF
- Lot size
- 0.29 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1972
Listing agency
The JKRE Investment Group
(559) 212-4489
Listed by
Jin Kim · License #DRE #01456017
(559) 212-4489
Source
Exitrealty
Added: Jun 23 Updated: Jul 21 at 5:56PM Checked: Jul 21 at 5:56PM
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 The JKRE Investment Group
Investment Insights
Based on property information with market context.
435 N Valeria Street is a fully occupied 10-unit apartment community offered to the market for the first time in over two decades. The property features an all 2-bedroom unit mix, with 8,580 SF of improvements on a 12,500 SF lot, and covered parking located in the back. A wrought iron fence along the rear alley secures tenant vehicles and trash receptacles.
The on-site laundry room is currently inactive, and brand new washers and dryers will convey with the sale, enabling the amenity to be reactivated. SB 721 inspections have been completed with no immediate repairs identified, supporting a truly turnkey condition.
With long-tenured ownership and SB 721 compliance in place, the building is positioned for a buyer looking for stabilized income and the opportunity to immediately restart laundry service using the included equipment.
The on-site laundry room is currently inactive, and brand new washers and dryers will convey with the sale, enabling the amenity to be reactivated. SB 721 inspections have been completed with no immediate repairs identified, supporting a truly turnkey condition.
With long-tenured ownership and SB 721 compliance in place, the building is positioned for a buyer looking for stabilized income and the opportunity to immediately restart laundry service using the included equipment.
Key Highlights
- Fully occupied 10‑unit apartment community in Fresno’s Jefferson neighborhood
- All units are 2‑bedroom with 8,580 SF of improvements on a 12,500 SF lot
- Covered rear parking with rear access secured by a wrought iron fence along the back alley
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 | $188.4k | $21.96 |
| − Vacancy | −$9.4k | −$1.10 |
| EGI | $179.0k | $20.86 |
| − OpEx | −$80.5k | −$9.39 |
| NOI | $98.4k | $11.47 |
8,580 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,448 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,988 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Guzman Construction Services
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully occupied 10-unit apartment community with an on-site laundry room and covered rear parking.
Where is this apartment building located?
The property is located at 435 N Valeria Street Fresno, CA.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Fully occupied 10‑unit apartment community in Fresno’s Jefferson neighborhood; All units are 2‑bedroom with 8,580 SF of improvements on a 12,500 SF lot; Covered rear parking with rear access secured by a wrought iron fence along the back alley
