T
Seller's Agent in 2022
Tracee Chiodo
Isidro De La Torre, Broker/ Re
1625 E Olive Ave Fresno, CA 93728
Tower District Neighborhood
4
Beds
5
Baths
5,210
Sq Ft
23,801
Sq Ft Lot
Highlights
- 0.55 Acre Lot
- 1-Story Property
- Central Air
About This Home
As of October 2022Great investment in desirable Tower District. New commercial leases month to month with increased rents. Built in 1930's as a suburb accessible by Fresno's (sinceretired) streetcars, the luminous Tower District is the city's leading nightlife destination. The Tower District was named for the neon lit Tower Theatre, a 1939 Art Deco masterpiece andnational historic landmark designed by S. Charles Lee, the architect of many Hollywood's most famous theaters. Now features the 761- seat Tower Theater for the Performing Arts. Which hosts a busy line up of local and national jazz, rock and comedy concerts, as well as film screenings. Great location for renters & nice income property. Long term loyal tenants. New lease month to month lease agreements are being renewed now with an increase in rent on all of the five units. Has to potential to bring in a substantial amount of passive income for it's owner. Close toshopping, downtown. This property has 2 houses and 3 additional units. You can live in one unit and rent and keep the renters in the rest or open up commercial business. Please donot disturb tenants. Offers subjected to visual inspection. Pictures include one of the units. Zoned CMS (commercial main street) intend to preserve the main street character with astore front i.e. daycare, pet store, artist store, bank, small scale entrainment, lodging
Last Agent to Sell the Property
Tracee Chiodo
Isidro De La Torre, Broker/ Re License #01510763 Listed on: 09/12/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 0.55
Parking
- Uncovered Parking
Home Design
- Wood Foundation
- Stucco
Interior Spaces
- 5,210 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Additional Features
- 23,800 Sq Ft Lot
- Central Air
Community Details
- 5 Units
- Gross Income $28,200
Listing and Financial Details
- Tenant pays for all utilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/05/2022 10/05/22 | Sold | $475,000 | 0.0% | $91 / Sq Ft | |
| 10/05/2022 10/05/22 | Sold | $475,000 | -13.6% | $91 / Sq Ft | View Prior Sale |
| 09/14/2022 09/14/22 | Pending | -- | -- | -- | |
| 09/12/2022 09/12/22 | For Sale | $550,000 | +15.8% | $106 / Sq Ft | |
| 09/08/2022 09/08/22 | Off Market | $475,000 | -- | -- | |
| 08/12/2022 08/12/22 | For Sale | $550,000 | +57.1% | $106 / Sq Ft | |
| 04/20/2018 04/20/18 | Sold | $350,000 | 0.0% | $67 / Sq Ft | View Prior Sale |
| 01/29/2018 01/29/18 | Pending | -- | -- | -- | |
| 12/11/2017 12/11/17 | For Sale | $350,000 | -- | $67 / Sq Ft |
Source: Fresno MLS
Agents Affiliated with this Home
-
-
Dustin Ilic CCIM
Buyer's Agent in 2022
Dustin Ilic CCIM
Visintainer Group
(559) 999-9829
1 in this area
6 Total Sales
-
G
Buyer's Agent in 2022
General NONMEMBER
NONMEMBER MRML
-
T
Seller's Agent in 2018
Ted Jeske
Pimentel Realty Group
Map
Source: Fresno MLS
MLS Number: 584606
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