244-Unit Apartment
526 E Barstow Avenue Fresno, CA 93710
526 E Barstow Avenue, Fresno, CA, 93710
Contact for pricing
For Sale
Contact for pricing
For sale multifamily property featuring 244 units and recent capital improvements largely completed.
Property Size215,245 SF
Price / SF$176.08
Days on Market16
Property Features for 526 E Barstow Avenue
General Information
- Standard status
- Active
- Size
- 215,245 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing agency
Northmarq - Walnut Creek
(559) 669-3697
Listed by
Anthony Pappageorge · License #CA01505044
Source
Crexi
Added: Jul 8 Updated: Jul 22 at 7:18PM Checked: Jul 22 at 7:18PM
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 Northmarq - Walnut Creek
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
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 | $4.73M | $21.96 |
| − Vacancy | −$236.3k | −$1.10 |
| EGI | $4.49M | $20.86 |
| − OpEx | −$2.02M | −$9.39 |
| NOI | $2.47M | $11.47 |
215,245 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Casa Del Rey ...
Apartment Complex
Similar For Sale Nearby
FAQs
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
