Gated Condominium Duplex
5055 N Wishon Avenue I D Fresno, CA 93704
New
For Sale
$538,000
Two-bedroom or three-bedroom condo duplex units within a gated community featuring a pool and courtyard amenities.
Property Size3,300 SF
Price / SF$163.03
Days on Market5
Property Features for 5055 N Wishon Avenue I D
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Multi Family
Building Details
Year Built
1966
Listing Agency:
Real Brokerage Technologies
(559) 696-6888
Listed By:
James Liang · License #DRE #01400553
(559) 696-6888
Source:
Exitrealty
Added: Jul 25
Changed: Jul 27
Last Checked: Jul 28 at 4:52AM
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 Real Brokerage Technologies
Investment Insights
Based on property information with market context.
Chateau Wishon is a gated condominium community offered as duplex-style investment units, with buyers able to purchase individual units or acquire two units at a time, with the owner open to selling additional units together for scaled acquisitions. Residences are offered in 2-bedroom/2-bath and 3-bedroom/2-bath configurations, with options described at approximately 1,650 SF and 1,872 SF, respectively. The community includes a resort-style swimming pool, a gazebo, and brick-lined courtyards.
The property is located at 5055 N. Wishon Avenue in Fresno, CA 93704, in Northwest Fresno’s Old Fig Garden corridor. Residents have walkable access to Fig Garden Village Fresno, described as an approximately 300,000 SF open-air shopping destination, and the remarks list multiple retailers including Whole Foods Market, Pottery Barn, Williams-Sonoma, lululemon, Anthropologie, and Banana Republic, along with an on-site dining scene. The remarks also note Highway 41 connectivity and Fresno Yosemite International Airport approximately 7 miles away.
The offering describes estimated monthly rents of $1,750–$2,000 for the 2-bedroom units and $2,000–$2,200 for the 3-bedroom units. Units are described as individually titled condos, with the remarks highlighting flexibility for financing and disposition and the potential for lease renewal outcomes.
The property is located at 5055 N. Wishon Avenue in Fresno, CA 93704, in Northwest Fresno’s Old Fig Garden corridor. Residents have walkable access to Fig Garden Village Fresno, described as an approximately 300,000 SF open-air shopping destination, and the remarks list multiple retailers including Whole Foods Market, Pottery Barn, Williams-Sonoma, lululemon, Anthropologie, and Banana Republic, along with an on-site dining scene. The remarks also note Highway 41 connectivity and Fresno Yosemite International Airport approximately 7 miles away.
The offering describes estimated monthly rents of $1,750–$2,000 for the 2-bedroom units and $2,000–$2,200 for the 3-bedroom units. Units are described as individually titled condos, with the remarks highlighting flexibility for financing and disposition and the potential for lease renewal outcomes.
Key Highlights
- Chateau Wishon gated condominium community built in 1966
- Up to 2 condo units can be purchased at a time, with the option to buy additional units together for more scale
- 2BD/2BA units approx. 1,650 SF and 3BD/2BA units approx. 1,872 SF, with individual condo titles
Financial Insights For Multifamily LT 5
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 | $65.3k | $19.80 |
| − Vacancy | −$3.6k | −$1.09 |
| EGI | $61.7k | $18.71 |
| − OpEx | −$18.5k | −$5.61 |
| NOI | $43.2k | $13.10 |
3,300 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$617.5K
$540.3K – $720.4K
NOI $43,222 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$540.9K
$473.3K – $631.1K
NOI $37,865 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$972.5K
$850.9K – $1.13M
NOI $68,072 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom or three-bedroom condo duplex units within a gated community featuring a pool and courtyard amenities.
Where is this duplex located?
The property is located at 5055 N Wishon Avenue I D Fresno, CA.
What is the asking price?
The asking price for this property is $538,000.
What are key features of this property?
This property features: Chateau Wishon gated condominium community built in 1966; Up to 2 condo units can be purchased at a time, with the option to buy additional units together for more scale; 2BD/2BA units approx. 1,650 SF and 3BD/2BA units approx. 1,872 SF, with individual condo titles
