REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,950,000
Est. payment | /mo
26 Beds
16 Baths
11,040 SqFt
$ 1,950,000
Est. payment | /mo
26 Beds
16 Baths
11,040 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,040 sqft
Price per Sqft $176
MLS Listing ID 646575
Bedrooms 26
Full Baths 16
HOA Y/N No
Year Built 1966
Lot Size 0.367 Acres
Property Sub-Type Multi Family
Property Description
Located just one mile from Fresno State University and Fashion Fair Mall, 1348 E San Bruno Avenue is a 1966-built, two-story garden-style multifamily complex offering a rare value-add opportunity in the heart of the Hoover neighborhood of north Fresno. The property features approximately 11,040 square feet of improvements on a 16,000 square foot lot, with gated access, covered parking, on-site laundry, and strong rental demand driven by nearby employment, retail, and higher education.The community is currently configured as 15 units, historically reported as a mix of 1-bedroom/1-bath, 2-bedroom/1-bath, and 4-bedroom/2-bath floor plans, providing a flexible unit mix that appeals to students, small families, and workforce tenants alike. Several units in the complex and surrounding buildings have been refurbished with updated flooring, paint, cabinets, counters, fixtures, and modern heating and cooling, showcasing the upside potential for an investor to continue repositioning the asset and push rents to market.Situated in the Fresno Unified School District and surrounded by major arterials, shopping, dining, and public transit, the property benefits from high occupancy in the submarket and a deep tenant pool seeking well-located housing close to campus and amenities. With demonstrated historical sale activity and strong fundamentals for small and mid-sized multifamily in this corridor, 1348 E San Bruno Avenue offers an investor the opportunity to acquire a well-located asset with significant room for rent growth through renovation, improved management, and strategic repositioning.
Location
State CA
County Fresno
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplaces Type None
Appliance Refrigerator: All Units, Stove: All units
Exterior
Parking Features Carport, Covered
Fence Fenced
Utilities Available Public Utilities
Roof Type Rolled/Hot Mop
Building
Lot Description Urban, Mature Landcsape
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
High Schools Fresno Unified
Listed by CenCal Realty
NEARBY SCHOOL & BUSINESS