NOT LISTED FOR SALE
7 Beds
4 Baths
2,750 Sq Ft
5,550 Sq Ft Lot

Sale Details

Date Sold: May 16, 2023

Last sale price $1,035,000 $376 Per Sq Ft

190 Days on Market

About This Home

As of May 2023

FOR SALE - 1 Van Ness Ave., Fresno. This is a rare opportunity for an owner-user or investor to buy a mixed-use property in downtown Fresno. Commercial storefront with a residential triplex in back (4 units total). The commercial unit has a shower and kitchenette and can be converted into a residential unit or a live/work unit. The upstairs apartment unit is Section 8. Includes on-site parking. The property is 100% leased. Rents have increased every year. This is a great low-maintenance investment property for your real estate portfolio. Flexible zoning - great for redevelopment. Located in an Opportunity Zone.The property underwent major remodeling about 10 years ago. A new roof and stucco were installed about 2 years ago.Located near the corner of Amador & Van Ness in the Cultural Arts District. Withinwalking distance to new residential developments (including a 28-unit mixed-use project under construction across the street and a planned 15-unit mixed-use development on the same block), restaurants, art studios, and historic buildings. Easy access to Freeway 180 and all major freeways in the Central Valley.NOTE: The two parcels on both sides are also available for sale. You can buy the parcels separately or together for a discount of $1,100,000.Contact listing broker for lease details, interior photos, and video tours. DO NOT DISTURB THE TENANT.

Last Agent to Sell the Property

Ronald Stumpf

Stumpf And Company License #00533442 Listed on: 08/15/2022

Last Buyer's Agent

Esmeraldo Esposso

Esposo Properties and Financia License #01453628

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 5,550 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Wood Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,750 Sq Ft Home
  • Multi-Level Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window

Community Details

  • 3 Units
  • Gross Income $42,900

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

5,550 Sq Ft Lot

Listing Details

  • Type: Multi Family
  • Property Sub Type: Triplex
  • Price Per Square Foot: 376.36
  • Year Built Exception: 0
  • Stories: Multi/Split
  • Unique Conditions: 1031 Exchange
  • Special Features: None
  • Year Built: 1935

Interior Features

  • Fireplace: None
  • Bathrooms: 4.00
  • Bedrooms: 7
  • Square Footage: 2750.00

Exterior Features

  • Roofing: Composition
  • Exterior: Stucco, Brick
  • Foundation: Wood Subfloor

Garage/Parking

  • Additional Parking: Uncovered, More than One Space

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
  • Heat/Cool: Central Heat/Cool, Window or Wall A/C

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.1274
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 5550.00
  • Price Per Acre: 8124018.84

Building Info

  • Year Built: 1935

Rental Info

  • TenantPays: All Utilities

Multi Family

  • Annual Income: 42900.00
  • IncomeIncludes: Unit Rent
  • Total Units: 3

MLS Schools

  • School District 2: Fresno Unified
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/16/2023 05/16/23 Sold $1,035,000 0.0% $376 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
01/16/2023 01/16/23 Off Market $1,035,000 -- --
08/15/2022 08/15/22 For Sale $495,000 -- $180 / Sq Ft
Source: Fresno MLS

Agents Affiliated with this Home

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Map

Source: Fresno MLS

MLS Number: 583296

Fresno MLS
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