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$ 6,250,000
Est. payment /mo
Active
475 N Manila AVE Fresno, CA 93727
73 Beds
37 Baths
33,744 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 33,744 sqft
Price per Sqft $185
MLS Listing ID 653650
Bedrooms 73
Full Baths 37
HOA Y/N No
Year Built 1975
Lot Size 1.560 Acres
Property Sub-Type Multi Family
Property Description
Vista Del Loma Apartments - 37 units on three Fresno County parcels (APNs 313-291-09, 313-291-05, 313-291-06), built 1972-1975. Thirty-five two-bedroom/one-bath units plus one three-bedroom and one studio. 33,744 rentable SF on 1.56 acres, two pools, 22 garage spaces, on-site laundry, private patios, RM1 zoning. Clovis Unified School District. Owner's January-December 2025 operating statement reports $547,368 of collected rental income, $142,628 of operating expenses and $404,740 net operating income - a 6.48% return at the current tax assessment and 5.59% once reassessed at the purchase price under California Proposition 13. The owner funded $63,632 of unit renovation during 2025 and the income has not yet caught up to it. The three APNs can be financed in tranches or divested individually - useful flexibility for a 1031 exchange buyer. 431 and 415 N Manila adjoin; 475 sits to the north, separated by two parcels under other ownership. All income and expense figures are owner-reported, unaudited and subject to buyer verification. Rent roll and trailing-twelve operating statements available upon execution of a confidentiality agreement. Appointment only - please do not disturb tenants or on-site staff.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type None
Exterior
Parking Features Carport, Covered, One Space per Unit
Community Features Pool, Utility Room, On-Site Manager
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Suburban, Sprinkler - Auto
Story 2
Foundation Concrete Perimeter
Water Public
Schools
High Schools Clovis Unified
Listed by HomeSmart PV and Associates