4563 E Sierra Madre Avenue, Fresno, CA 93726
Local realty services provided by:Better Homes and Gardens Real Estate GoldLeaf
4563 E Sierra Madre Avenue,Fresno, CA 93726
$815,000
- 6 Beds
- - Baths
- 2,016 sq. ft.
- Multi-family
- Active
Listed by: christian d. ruiz
Office: the mohan group
MLS#:650694
Source:CA_FMLS
Price summary
- Price:$815,000
- Price per sq. ft.:$404.27
About this home
NEW LOWER PRICE $815,000 - motivated seller. Serious buyers with proof of funds preferred. Bring offers.Fresno State campus-adjacent investment opportunity with substantial value-add upside. Fully renovated turn-key duplex directly across the street from California State University, Fresno (~25,000 students), currently producing $56,160 annual gross rent on a by-the-room student rental model ($780/month per room, 5 of 6 currently leased).The strategic value here is in the entitled redevelopment optionality. Corridor/Center Mixed-Use (CMX) zoning on a 15,000 SF parcel - Fresno removed the dwelling-unit density cap in mixed-use zones in 2022, opening the door to additional multifamily in the rear, ground-floor commercial uses targeting the captive student market, or expanded student housing. The lot is the canvas.Offered with CITY-APPROVED expansion plans (Permit B24-13708) adding 4 bedrooms and 2 bathrooms via garage conversion plus nook additions and a new 540 SF carport. Stabilized proforma: 10 rooms, $93,600 gross / 5.75% cap on list. Full architectural plans, structural engineering, and energy compliance forms transfer with the property - approximately $120K in soft costs already paid by seller, eliminating 6-12 months of entitlement work for the buyer.Built 1956, fully renovated. Automatic security gate, fully fenced. Operating expenses remarkably lean. Cash or DSCR loan preferred. Showings by appointment only with 24-hour notice required (tenant-occupied). Pre-listing inspection on hand, available to qualified buyers....
Contact an agent
Home facts
- Year built:1956
- Listing ID #:650694
- Added:146 day(s) ago
- Updated:November 05, 2026 at 04:08 PM
Rooms and interior
- Bedrooms:6
- Kitchen Description:Stove: All units
- Living area:2,016 sq. ft.
Heating and cooling
- Cooling:Central Heat/Cool
Structure and exterior
- Roof:Composition
- Year built:1956
- Building area:2,016 sq. ft.
- Construction Materials:Stucco, Wood Siding
- Foundation Description:Concrete Perimeter
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$815,000
- Price per sq. ft.:$404.27
Parking
- Parking description:Open
New listings near 4563 E Sierra Madre Avenue
- Coming Soon
$400,000Coming Soon3 beds 2 baths1,573 sq. ft.5236 N Angus Street, Fresno, CA 93710
MLS# GD26239370Listed by: JOHNHART REAL ESTATE - Coming Soon
$320,000Coming Soon3 beds 2 baths1,154 sq. ft.5086 Donner Avenue, Fresno, CA 93722
MLS# CV26234425Listed by: RICHARD RAMOS BROKER - New
$420,000Active3 beds -- baths1,350 sq. ft.829 E Fountain Way, Fresno, CA 93704
MLS# 656833Listed by: REALTY CONCEPTS, LTD. - FRESNO - New
$204,900Active2 beds -- baths846 sq. ft.4912 E Illinois Avenue, Fresno, CA 93727
MLS# 657700Listed by: REAL BROKER - New
$460,000Active3 beds -- baths1,853 sq. ft.7425 E Michigan Avenue, Fresno, CA 93737
MLS# 657863Listed by: REALTY CONCEPTS, LTD. - CLOVIS - New
$394,950Active3 beds -- baths1,397 sq. ft.3735 E Princeton Avenue, Fresno, CA 93703
MLS# 657965Listed by: REALTY CONCEPTS, LTD. - FRESNO - New
$305,000Active2 beds 1 baths1,123 sq. ft.4476 E Illinois, Fresno, CA 93702
MLS# FR26242348Listed by: REALTY CONCEPTS, LTD. - New
$252,500Active3 beds 3 baths1,446 sq. ft.4852 E Washington Avenue, Fresno, CA 93727
MLS# IV26232593Listed by: GS STRATEGIES, INC. - New
$449,900Active3 beds -- baths2,034 sq. ft.2329 E Harvard Avenue, Fresno, CA 93703
MLS# 657481Listed by: WESTERN PIONEER PROPERTIES - New
$1,350Active1 beds -- baths1,920 sq. ft.2711 N Wishon Avenue #2719, Fresno, CA 93704
MLS# 657878Listed by: CENCAL PROPERTY MANAGEMENT, INC