




524 E Fresno St, Avenal, CA, 93204
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
Schools
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
