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    1608 California Ave Fresno, CA 93706

    Sponsored
    For Sale
    $1,000,000

    9.53-acre lot, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 9.53-acre residential vacant lot presents a remarkable investment opportunity in Fresno, California. Located at 1608 W California Ave, 93706, this property is zoned RS-4 and offers significant potential for developers seeking to capitalize on the area's projected growth. The lot boasts convenient access to essential utilities, with sewer and water readily available in the street and assessable to the property. Its strategic location places it within walking distance of the newly constructed Fresno City College - West Fresno Center, fostering a strong connection to educational resources. Furthermore, its proximity to Edison High School (1.3 miles) and Fresno Chandler Executive Airport (1.3 miles) enhances its appeal and accessibility. This prime location makes it ideal for the development of affordable housing, apartments, or townhomes, catering to the growing demand for residential options in this thriving area. The Assessor's Parcel Number (APN) is 464-102-14. This is a rare opportunity to acquire a substantial land parcel in a rapidly developing part of Fresno, offering significant long-term investment potential. The asking price for this exceptional property is $1,000,000.

    Property Features for 1608 California Ave

    General Information

    Property type
    Land
    Lot Size
    415,127 SF

    HighLights

    • Excellent location for affordable multifamily development (apartments or townhomes).
    • Proximity to Fresno City College West Fresno Center, Edison High School, and Fresno Chandler Executive Airport (within 1.3 miles of the latter two).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.830048
    Latitude
    36.722211

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    FAQs

    What type of property is this?
    Land - 9.53-acre lot, prime development opportunity.
    Where is this land located?
    The property is located at 1608 California Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Excellent location for affordable multifamily development (apartments or townhomes).; Proximity to Fresno City College West Fresno Center, Edison High School, and Fresno Chandler Executive Airport (within 1.3 miles of the latter two).;
    (559) 905-5228
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    1608 California Ave Fresno, CA 93706
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    Fresno, CA 93706
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1608 California Ave Fresno, CA 93706
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