NOT LISTED FOR SALE

1625 E Olive Ave Fresno, CA 93728

Tower District Neighborhood
4 Beds
5 Baths
5,210 Sq Ft
0.55 Acres

Last Sold October 05, 2022

Last sale price $475,000 $91 Per Sq Ft

2 Days on Market

Highlights

  • 0.55 Acre Lot
  • 1-Story Property
  • Central Air

About This Home

As of October 2022

Great 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

All State Homes License #01510763 Listed on: 09/12/2022

Last Buyer's Agent

Dustin Ilic CCIM

Visintainer Group License #01772625

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

  • 0.55 Acre Lot
  • Central Air

Community Details

  • 5 Units
  • Gross Income $28,200

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 91.17
  • Year Built Exception: 0
  • Stories: One
  • Special Features: None
  • Year Built: 1929

Interior Features

  • Fireplace: None
  • Bathrooms: 5.00
  • Bedrooms: 4
  • Square Footage: 5210.00

Exterior Features

  • Roofing: Other
  • Exterior: Stucco
  • Foundation: Wood Subfloor

Garage/Parking

  • Additional Parking: Uncovered

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Sewer
  • Heat/Cool: Central Heat/Cool

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.5464
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 23800.00
  • Price Per Acre: 869326.50

Building Info

  • Year Built: 1929

Rental Info

  • TenantPays: All Utilities

Multi Family

  • Annual Income: 28200.00
  • IncomeIncludes: Unit Rent
  • Total Units: 5

MLS Schools

  • School District 2: Fresno Unified

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
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
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
01/29/2018 01/29/18 Pending -- -- --
12/11/2017 12/11/17 For Sale $350,000 -- $67 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Tracee Chiodo

    All State Homes

    Section Image
  • Dustin Ilic CCIM

    Buyer's Agent in 2022

    Dustin Ilic CCIM

    Visintainer Group

    (559) 999-9829

    1 in this area

    6 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,802 Total Sales

    Section Image

  • T

    Seller's Agent in 2018

    Ted Jeske

    Pimentel Realty Group

    Section Image
See All Agents

Map

Source: Fresno MLS

MLS Number: 584606

Fresno MLS

California Fresno County Fresno 93728 Tower District

1625 E Olive Ave, Fresno, CA

This home is located at 1625 E Olive Ave, Fresno, CA 93728 since 12 September 2022. This property was built in 1929. 1625 E Olive Ave is a home located in Fresno County with nearby schools including Heaton Elementary, Fort Miller Middle School, and Fresno High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Fresno MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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