Renovated 5-Unit Apartment
69 W Beverly Ave Clovis, CA 93612
69 W Beverly Ave, Clovis, CA, 93612
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For Sale
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Turnkey 5-unit complex with one 3-bedroom/2-bath and four 2-bedroom/1-bath residences, recently renovated throughout.
Property Size4,160 SF
Price / SF$294.47
Days on Market118
Property Features for 69 W Beverly Ave
General Information
- Standard status
- Active
- Size
- 4,160 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing agency
Central California Real Estate Pros
(559) 320-0611
Listed by
Jared Martin · License #01319553
Source
Crexi
Added: Mar 27 Updated: Jul 22 at 9:29AM Checked: Jul 22 at 9:29AM
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 Central California Real Estate Pros
Investment Insights
Based on property information with market context.
This turnkey 5-unit apartment building offers a mix of unit configurations, including one 3-bedroom, 2-bath unit and four 2-bedroom, 1-bath units. Recent renovations include new cabinets, resilient countertops, contemporary flooring, updated doors, refreshed bath and shower enclosures, and energy-efficient windows, designed to reduce ongoing maintenance and improve the overall living experience.
The property is located at 69 W Beverly Ave in Clovis, California, and falls within the Clovis High School attendance area. The surrounding area includes convenient access to the Walmart Supercenter, Freeway 168, Rotary Park, Old Town Clovis, the Farmers Market, and Sierra Vista Elementary School.
The property is located at 69 W Beverly Ave in Clovis, California, and falls within the Clovis High School attendance area. The surrounding area includes convenient access to the Walmart Supercenter, Freeway 168, Rotary Park, Old Town Clovis, the Farmers Market, and Sierra Vista Elementary School.
Key Highlights
- 5‑unit multi‑family property built in 1980
- Unit mix: 1x 3‑bedroom/2‑bath plus 4x 2‑bedroom/1‑bath residences
- Recently renovated with new cabinets, resilient countertops, contemporary flooring, and updated doors
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 | $104.8k | $25.20 |
| − Vacancy | −$5.8k | −$1.39 |
| EGI | $99.1k | $23.81 |
| − OpEx | −$44.6k | −$10.72 |
| NOI | $54.5k | $13.10 |
4,160 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$778.4K
$681.1K – $908.1K
NOI $54,486 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$917.0K – $1.22M
NOI $73,362 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey 5-unit complex with one 3-bedroom/2-bath and four 2-bedroom/1-bath residences, recently renovated throughout.
Where is this apartment building located?
The property is located at 69 W Beverly Ave Clovis, CA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 5‑unit multi‑family property built in 1980; Unit mix: 1x 3‑bedroom/2‑bath plus 4x 2‑bedroom/1‑bath residences; Recently renovated with new cabinets, resilient countertops, contemporary flooring, and updated doors
