NOT LISTED FOR SALE

1520 N 1st St Fresno, CA 93703

McLane Neighborhood
6.83 Acres
-- Price per Acre
297,515 Sq Ft Lot

Last Sold December 06, 2013

Last sale price $6,820,000

324 Days on Market

About This Lot

As of December 2013

This is a potential investment opportunity of commercial property.It's located at the heart of Fresno,very busy at corner of the First St & Mckinley ave, over 7.35 AC (319,730 sq. ft) lot size and total of 87,713 sq.ft of leasing space.There are 04 national franchises leassees,great income for investors who would like to increase for their portfolio investment, more than $600,000/yr for net income

Last Agent to Sell the Property

Hai Nguyen

Skyview International Group License #01347573 Listed on: 10/06/2012

Last Buyer's Agent

Charles Le

RE/MAX Beverly Hills License #01261943

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $102,942

Lot Details

Additional Features

  • Partially Fenced Property
  • Neighborhood Views

Community Details

Property Details

Property Type

Land

Est. Annual Taxes

$102,942

Lot Details

0

Listing Details

  • Zoning: C-1
  • Subclass: Other Commercial Land
  • Inspections Reports: Flood Zone, Fault Zone
  • Listing Class: Commercial Lots & Land
  • Present Use: Commercial
  • Development Status: Building Site Cleared
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Local/Neighborhood
  • Fencing: Partial Fencing
  • Road Sidewalks: Sidewalk

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 319731.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 319731.00
  • Lot Size Area Min Search: 319731.00
  • Maximum Lot Size: 319731.00
  • Parcel Access: City Street, Paved Road

Rental Info

  • Lease Amount: 7200000

Multi Family

  • Utilities: On Pole
  • Number Of Buildings: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2016
Sold by
Tlv Properties Llc
Bought by
Lu Andy Mau Anh and Luu Trang Bich

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,525,000
Outstanding Balance
$4,405,434
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 6, 2012
Closed on
Nov 22, 2013
Sold by
M T L Investments Llc
Bought by
Tlv Properties Llc
Seller's Agent
Hai Nguyen
Skyview International Group
Buyer's Agent
Charles Le
RE/MAX Beverly Hills
List Price
$7,200,000
Sold Price
$6,820,000
Premium/Discount to List
-$380,000
-5.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,433,000
Interest Rate
4.08%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 29, 2004
Sold by
M & H Realty Partners Iii Lp
Bought by
M T L Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,640,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 1996
Sold by
Draper Ranney E
Bought by
M & H Realty Partners Iii Lp

Purchase Details

Closed on
Jan 31, 1996
Sold by
Diversified Development Company
Bought by
Draper Ranney E

Purchase Details

Closed on
Dec 12, 1995
Sold by
Draper Ranney E
Bought by
Diversified Development Company

Purchase Details

Closed on
Nov 21, 1995
Sold by
Diversified Development Company
Bought by
Draper Ranney E
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lu Andy Mau Anh $8,500,000 Fidelity National Title
Tlv Properties Llc $6,820,000 Old Republic Title Co
M T L Investments Llc -- First American Title Ins Co
M & H Realty Partners Iii Lp -- First American Title Co
Draper Ranney E $485,000 First American Title Co
Diversified Development Company -- First American Title Co
Draper Ranney E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Andy Mau Anh $5,525,000
Previous Owner Tlv Properties Llc $4,433,000
Previous Owner M T L Investments Llc $3,640,000
Closed M T L Investments Llc $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2013 12/06/13 Sold $6,820,000 -5.3% --
08/26/2013 08/26/13 Pending -- -- --
10/06/2012 10/06/12 For Sale $7,200,000 -- --
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $102,942 $9,470,375 $2,130,833 $7,339,542
2023 $102,980 $8,000,000 $2,000,000 $6,000,000
2022 $103,584 $8,000,000 $2,000,000 $6,000,000
2021 $102,752 $8,000,000 $2,000,000 $6,000,000
2020 $111,745 $8,659,455 $1,948,377 $6,711,078
2019 $107,471 $8,489,663 $1,910,174 $6,579,489
2018 $105,159 $8,323,200 $1,872,720 $6,450,480
2017 $103,368 $8,160,000 $1,836,000 $6,324,000
2016 $83,351 $6,648,131 $1,863,962 $4,784,169
2015 $82,095 $6,548,271 $1,835,964 $4,712,307
2014 $80,594 $6,425,000 $1,800,000 $4,625,000
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2013

    Hai Nguyen

    Skyview International Group

    Section Image

  • C

    Buyer's Agent in 2013

    Charles Le

    RE/MAX

See All Agents

Map

Source: MLSListings

MLS Number: ML81236797

MLSListings

APN: 453-020-14

California Fresno County Fresno 93703 McLane

1520 N 1st St, Fresno, CA

This home is located at 1520 N 1st St, Fresno, CA 93703 since 06 October 2012. 1520 N 1st St is a home located in Fresno County with nearby schools including Mayfair Elementary School, Yosemite Middle School, and Mclane High School.

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