244-Unit Apartment
526 E Barstow Avenue, Fresno, CA 93710
For Sale
Contact for pricing
Pending
For sale multifamily property featuring 244 units and recent capital improvements largely completed.
Property Size215,245 SF
Days on Market126
Property Features for 526 E Barstow Avenue
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Investment Type
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Visintainer Group
Listed By:
Dustin Ilic · License CA #01772625
(559) 669-3697
Source:
Crexi
Added: Jul 8
Changed: Nov 10
Last Checked: Nov 10 at 6:37AM
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 Visintainer Group
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Investment Insights
Based on property information with market context.
Casa Del Rey Apartments is a 244-unit multifamily acquisition offering residential income property with recent capital improvements largely completed, intended to reduce the need for additional near-term capital.
The property is located at 526 E Barstow Avenue in Fresno, CA 93710.
As presented in the offering remarks, the improvements are positioned to support updating rents toward market with minimal additional capital. For full offering materials, visit www.casadelreyapartmenthomes.com.
The property is located at 526 E Barstow Avenue in Fresno, CA 93710.
As presented in the offering remarks, the improvements are positioned to support updating rents toward market with minimal additional capital. For full offering materials, visit www.casadelreyapartmenthomes.com.
Key Highlights
- 244‑unit multifamily apartment property
- Built in 1972
- Recent capital improvements have been largely completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,469,743
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$49,394,860
$49.4M
Cap Rate 7%
$35,282,043
$35.3M
Cap Rate 9%
$27,441,589
$27.4M
Market Conditions
NOI Build-Up for 215,245 SF
Gross rent
$4.73M $21.96/SF
− Vacancy
−$236.3K −$1.10/SF
EGI
$4.49M $20.86/SF
− OpEx
−$2.02M −$9.39/SF
NOI
$2.47M $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%
$49,394,860
Cap Rate 7%
$35,282,043
Cap Rate 9%
$27,441,589
Alternative Uses
Best Use
Apartment 5plus
$35.28M
$30.87M – $41.16M
NOI $2,469,743 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$63.43M
$55.50M – $74.00M
NOI $4,440,074 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
244
Residential units
Location Intelligence
Trade Area within ½ mile
1,889
Businesses Nearby
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Business Placement
Demographics for 93710, CA
30,552
Population
12,581
Households
2.4
Avg Household Size
32
Median Age
30%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
4,928
Density / Sq Mi
$62,294
Median Household Income
$32,232
Median Earnings
$1,337
Median Rent
$348,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Fresno, CA
Properties on Market for Apartment buildings in Fresno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - For sale multifamily property featuring 244 units and recent capital improvements largely completed.
Where is this apartment building located?
The property is located at 526 E Barstow Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $37,900,000.
What are key features of this property?
This property features: 244‑unit multifamily apartment property; Built in 1972; Recent capital improvements have been largely completed
