2542 S Elm Ave, Fresno, CA 93706

This prime semi-custom SFR development land totals approximately 10.18 acres (443,441 square feet) and is located off Elm Avenue in Fresno, CA, at the intersection of Elm and Jensen Avenues. The location provides easy access to major retail hubs in Fresno and Clovis within a 20-minute drive. Existing paved roadways, including Grove and Church Avenues, connect the property to neighboring developments. The land is suitable for flexible concepts. It is less than 0.5 miles from CA-41 on/off ramps, providing access to Friant, Madera, Clovis, Millerton, Sanger, Fowler, and other locations. SFR development aligns with the land use and conforms to all policies. Tract 5786 consists of two parcels totaling approximately 10.18 acres (443,441 square feet) with a tentative map and complete building plans. The development features 24 two-story, 96-unit multifamily buildings planned for construction in 2024 on the approximately 10-acre lot, with a total building size of approximately 131,376 square feet. The parcels are located in an area suitable for residential and multi-family housing due to the proximity to surrounding schools and nearby commercial amenities, as well as newly developed apartment complexes. The project consists of 24 freestanding buildings with two different building types to produce 48 three-bedroom units and 48 four-bedroom units. It provides ample parking with 1 1/2 cars per unit (188 spaces), 146,892 square feet of open space, of which 49,329 square feet is active open space, 20' setbacks, and plans for a quality rod iron fence. The Fresno Housing market has a median rent of $1,395.