2833 N West AVE, Fresno, CA 93705
2833 N West AVE, Fresno, CA 93705
2833 N West AVE, Fresno, CA 93705
2833 N West AVE, Fresno, CA 93705
2833 N West AVE, Fresno, CA 93705
2833 N West AVE, Fresno, CA 93705
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Zoe Huebner

Zoe Huebner

+1(559) 349-1846
$ 2,465,000
Est. payment | /mo

16 Beds

13 Baths

6,578 SqFt

Save
$ 2,465,000
Est. payment | /mo
Save

16 Beds

13 Baths

6,578 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,578 sqft

Price per Sqft $374

MLS Listing ID 644352

Bedrooms 16

Full Baths 13

HOA Y/N No

Year Built 1958

Lot Size 0.475 Acres

Property Sub-Type Multi Family

Property Description

THE WEST LANAI APARTMENTS | 13 UNITS | 5.99% ACTUAL CAP RATE | EXTENSIVELY RENOVATED! Exceptional opportunity to acquire a distinctive mid-century modern multifamily community in Central Fresno! Offered at $2,465,000, this income-producing property features ten 1BR/1BA and three 2BR/1BA apartments, with 12 of 13 units currently occupied. Twelve apartments have undergone extensive permitted renovations, including updated kitchens, bathrooms, cabinetry, countertops, flooring, lighting, fixtures, plumbing, electrical components, and paint. Significant property improvements include a refurbished roof (2023) and resurfaced swimming pool (2026). Residents enjoy mature landscaping, gated pool, wrought iron gates with keypad entry, surveillance system, and dedicated parking. Individually metered for PG&E, with two utility rooms offering potential additional income opportunities. The reported 5.99% cap rate is based on current rents and operating expenses, not projected market rents! Additional upside exists through below-market rents. A zoning inquiry letter from the City of Fresno also identifies potential senior housing or residential care uses, subject to applicable approvals and licensing. The apartment complex is conveniently located near schools, shopping, restaurants, freeways, and Fresno's popular Tower District. A compelling investment combining established cash flow, extensive improvements, architectural character, and future growth potential. Please do not disturb tenants. Offers subject to inspection. Buyer to verify all information.

Location

State CA

County Fresno

Interior

Cooling Central Heat/Cool, Wall/Window Unit(s)

Fireplaces Type None

Appliance Refrigerator: All Units, Disposal: All units, Stove: All units

Exterior

Parking Features Carport

Fence Fenced

Community Features Pool, Utility Room

Utilities Available Public Utilities

Roof Type Other

Building

Lot Description Urban, Sprinkler - Manual, Mature Landcsape

Story 1

Foundation Concrete Perimeter

Water Public

Schools

High Schools Fresno Unified

Fresno MLS
Listed by Landmark Properties

Nearby Locations

Zoe Huebner

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 349-1846

zoe@shaverlake.com

41851 Tollhouse Rd, Shaver Lake, CA 93664, USA

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2833 N West AVE