2833 N West Avenue, Fresno, CA 93705
Local realty services provided by:Better Homes and Gardens Real Estate GoldLeaf
2833 N West Avenue,Fresno, CA 93705
$2,465,000
- 16 Beds
- - Baths
- 6,578 sq. ft.
- Multi-family
- Active
Listed by: ryan m. perkins
Office: landmark properties
MLS#:644352
Source:CA_FMLS
Price summary
- Price:$2,465,000
- Price per sq. ft.:$374.73
About this home
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....
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Home facts
- Year built:1958
- Listing ID #:644352
- Added:1 day(s) ago
- Updated:October 10, 2026 at 12:43 AM
Rooms and interior
- Bedrooms:16
- Kitchen Description:Stove: All units
- Living area:6,578 sq. ft.
Heating and cooling
- Cooling:Central Heat/Cool, Wall/Window Unit(s)
Structure and exterior
- Year built:1958
- Building area:6,578 sq. ft.
- Construction Materials:Stucco, Wood Siding
- Exterior Features:Patio
- Foundation Description:Concrete Perimeter
- Levels:1 Story
Utilities
- Water:Public
Finances and disclosures
- Price:$2,465,000
- Price per sq. ft.:$374.73
Parking
- Parking description:Carport
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