2702 E Hedges Ave, Fresno, CA, 93703
About This Home
Rare chance to acquire a cash-flowing 10-unit property with an adjacent vacant lot and city-approved plans to build 5 additional units. Property is currently fully rented with rents under market and clear upside through rent growth and future development.The included entitled lot allows for immediate expansion, with projected post-buildout income exceeding $200k+, creating a strong long-term value-add opportunity. Located in a high-demand rental corridor with low vacancy and low ongoing maintenance.Seller will consider seller financing with terms more favorable than conventional bank financing. A substantial down payment is required. This structure may provide qualified buyers added flexibility and improved cash flow compared to traditional lending.Ideal for 1031 exchange buyers, value-add investors, or developers seeking current income with scalable upside.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1942
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 20
- Bathrooms: 10
Features
- Fireplace features: None
Heating & Cooling
- Heating features: Floor or Wall Heat
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 5,182
- Total interior livable area: 5,182 sqft
Property
Details
- Parcel number: 45131201
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.96 Acres
- Features: Urban
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Fresno County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,074 | $84,888 |
| Home Insurance * | $474 | $5,688 |
| Property Taxes | $886 | $10,632 |
| Electricity | $1,111 | $13,334 |
| Total | $9,545 | $114,540 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-04 | Listed for sale | $1,399,000 |
| 2025-05-16 | Listing removed | $1,299,999 |
| 2025-05-12 | Price change | $1,299,999 |
| 2025-04-16 | Listed for sale | $1,399,999 |
| 2024-06-26 | Listing removed | -- |
| 2024-02-08 | Price change | $1,599,000 |
| 2022-10-19 | Pending sale | $1,350,000 |
| 2022-10-04 | Listed for sale | $1,350,000 |
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