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524 E Fresno St, Avenal, CA, 93204

--beds
--baths
5,862sqft
$739,999
$126price/sqft
$5,678/moest. monthly cost
$227,120/yrincome needed

About This Home

Exceptional 10-Unit Investment Opportunity - First Time on the Market in Years Presenting a rare opportunity to acquire a 10-unit multifamily complex with significant upside potential. Held by long-term ownership and offered for the first time in years, this property is ideal for investors seeking steady occupancy with room to increase cash flow. All 10 units are currently occupied by long-term tenants, reflecting consistent rental history and strong demand in the area. Rents are currently below market value due to long-standing tenancies, offering a clear value-add opportunity for the next owner. All leases are month-to-month, providing flexibility to adjust rents to market rates. Each unit features separate utility meters, minimizing owner expenses and maximizing net operating income. The property is conveniently located within walking distance to the police department and fire department, adding an extra layer of desirability and tenant appeal.

Getting Around

45
WalkingCar-Dependent
0
TransitVery Limited Transit
50
BikeBikeable

Schools

2/10
2/10
3/10
Avenal High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1934

Materials

  • Roof: Shingle
  • Construction materials: Framed

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Apartment

Interior

Appliances

  • Appliances included: Gas Water Heater

Interior Area

  • Total structure area: 5,862
  • Total interior livable area: 5,862 sqft

Property

Details

  • Parcel number: 040165013000
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.29 Acres

Parking

  • Parking features: Street Parking,Varies by Unit