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$2,465,000

For Sale

3 days ago

2833 N West Ave, Fresno, CA

House

MLS® 644352

16 Bed

0 Bath

6578 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6578 sqft
Garage 
Taxes 
Days Active 2
Lot Size 0.4752 Acres
Approx. Age 1958
Avg. Price Per Sqft $374
MLS® Number 644352

Property Address: 2833 N West Ave, Fresno, CA, 93705-3919

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number644352
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
Garage
Approx. Age1958
Basement
DrivewayCarport
Garage Spaces
Heat
A/CCentral Heat/Cool, Wall/Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 9, 2026List Date
$2,465,000List Price
  • Commute

Commute

Starting Address
Destination Address
2833 N West Ave, Fresno, CA

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