Updated Residential Income
5031 N Van Ness, Fresno, CA 93711
For Sale
$499,000
A renovated two-bedroom, two-bath home with private patios and access to community pools and a tennis court.
Property Size1,579 SF
Price / SF$316.02
Days on Market166
Property Features for 5031 N Van Ness
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
pool
tennis court
maintained grounds
Building Details
Year Built
Construction
Listing Agency:
Hyatt Real Estate
Listed By:
Megan Thompson · License CA #02050754
(559) 313-1617
Source:
Findhomesinsandiegoarea
Added: May 29
Changed: Nov 8
Last Checked: Nov 8 at 7:31AM
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 Hyatt Real Estate
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Investment Insights
Based on property information with market context.
This 1,579-square-foot residence, built in 1977, has two bedrooms and two bathrooms. The interior features vaulted ceilings, large windows, an open layout, and a living room with a gas fireplace insert. The renovated kitchen includes granite countertops, custom cabinetry, built-in dining seating, and upgraded appliances. Both bathrooms have received updates, and the primary suite includes a walk-in closet with built-ins.
Several private patios connect to landscaped side and backyard areas with pavers, decorative rock, irrigation, retaining walls, trellises, and planters. Garage improvements include a utility sink and upgraded lighting. The community provides three pools, a tennis court, and maintained grounds.
Several private patios connect to landscaped side and backyard areas with pavers, decorative rock, irrigation, retaining walls, trellises, and planters. Garage improvements include a utility sink and upgraded lighting. The community provides three pools, a tennis court, and maintained grounds.
Key Highlights
- 1,579‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Built in 1977
- Renovated kitchen with granite countertops, custom cabinetry, built‑in dining seating, and upgraded appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,118
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,360
$362.4K
Cap Rate 7%
$258,829
$258.8K
Cap Rate 9%
$201,311
$201.3K
Market Conditions
NOI Build-Up for 1,579 SF
Gross rent
$34.7K $21.96/SF
− Vacancy
−$1.7K −$1.10/SF
EGI
$32.9K $20.86/SF
− OpEx
−$14.8K −$9.39/SF
NOI
$18.1K $11.47/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,360
Cap Rate 7%
$258,829
Cap Rate 9%
$201,311
Alternative Uses
Best Use
Apartment 5plus
$258.8K
$226.5K – $302.0K
NOI $18,118 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$465.3K
$407.2K – $542.9K
NOI $32,572 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Explore this area
Business Placement
Demographics for 93711, CA
37,901
Population
16,643
Households
2.3
Avg Household Size
43
Median Age
46%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
3,384
Density / Sq Mi
$97,492
Median Household Income
$53,122
Median Earnings
$1,561
Median Rent
$469,800
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Fresno, CA
Properties on Market for Residential income properties in Fresno
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated two-bedroom, two-bath home with private patios and access to community pools and a tennis court.
Where is this residential income property located?
The property is located at 5031 N Van Ness Fresno, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,579‑square‑foot residence with 2 bedrooms and 2 bathrooms; Built in 1977; Renovated kitchen with granite countertops, custom cabinetry, built‑in dining seating, and upgraded appliances
