Seller's Agent in 2024
Puneet Bhargava
HomeSmart PV and Associates
(559) 274-7025
11 in this area
62 Total Sales
4561 E White Ave Fresno, CA 93702
Huntington Neighborhood
5
Beds
5
Baths
2,828
Sq Ft
8,100
Sq Ft Lot Lot
About This Home
As of October 2024This multifamily deal in Fresno presents an interesting opportunity for investment, particularly because of its involvement with the Fresno Housing Authority and the voucher system.Property: 5-unit apartment complex, all 1 bed 1 bath. Unit A $11082, Unit B $1204 Unit C $1169, Unit D $1214 Unit E $938 Occupancy: 100 % occpancy 4 units on Fresno Housing Authority vouchers.Current Rent: $5607 month ($67284 annually).Potential Rent: Up to $6,160/month with a 9.2% increase, considering the maximum Fresno HA voucher amount ($1,308).Expenses: $13,455 annually.--As per current expenses stated by the seller.--New buyer may have more or less.Cap Rate: Caprate---$ 5400X 100 = 8.769----Cap rate must be calculated by buyers and buyers agent.Stable Income: The involvement of the Fresno Housing Authority suggests a potentially good rental income, especially with the current 100% occupancy rate.Income Growth Potential: There may be room for rental increases within the Fresno HA voucher limits, which may boost the income and, consequently, the property's value.Low Expenses: The annual expenses are relatively low compared to the gross income, indicating efficient management
Last Agent to Sell the Property
HomeSmart PV and Associates License #01859500 Listed on: 04/06/2024
Last Buyer's Agent
HomeSmart PV and Associates License #01859500 Listed on: 04/06/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 8,100
Parking
- Carport
Home Design
- Composition Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 2,828 Sq Ft Home
- 2-Story Property
- Heated Floors
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Additional Features
- 8,100 Sq Ft Lot
- Cooling System Mounted To A Wall/Window
Community Details
- 5 Units
- Gross Income $62,256
Listing and Financial Details
- Tenant pays for electricity, gas
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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 |
|---|---|---|---|---|---|
| 10/02/2024 10/02/24 | Sold | $610,000 | 0.0% | $216 / Sq Ft | |
| 06/11/2024 06/11/24 | Pending | -- | -- | -- | |
| 05/20/2024 05/20/24 | Price Changed | $610,000 | -1.6% | $216 / Sq Ft | |
| 04/06/2024 04/06/24 | For Sale | $620,000 | +44.0% | $219 / Sq Ft | |
| 01/09/2023 01/09/23 | Sold | $430,550 | -11.2% | $152 / Sq Ft | View Prior Sale |
| 12/08/2022 12/08/22 | Pending | -- | -- | -- | |
| 10/31/2022 10/31/22 | For Sale | $484,900 | -- | $171 / Sq Ft |
Source: Fresno MLS
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 | $7,998 | $610,000 | $65,000 | $545,000 |
| 2023 | $5,683 | $148,001 | $23,677 | $124,324 |
| 2022 | $1,969 | $145,100 | $23,213 | $121,887 |
| 2021 | $1,918 | $142,256 | $22,758 | $119,498 |
| 2020 | $1,910 | $140,798 | $22,525 | $118,273 |
| 2019 | $1,841 | $138,038 | $22,084 | $115,954 |
| 2018 | $1,803 | $135,332 | $21,651 | $113,681 |
| 2017 | $1,773 | $132,679 | $21,227 | $111,452 |
| 2016 | $1,718 | $130,078 | $20,811 | $109,267 |
| 2015 | $1,694 | $128,125 | $20,499 | $107,626 |
| 2014 | $1,656 | $125,616 | $20,098 | $105,518 |
Source: Public Records
Agents Affiliated with this Home
-
Puneet Bhargava
-
Jeffrey Kim
J
Seller's Agent in 2023
Jeffrey Kim
The JKRE Investment Group
(760) 987-5332
4 in this area
45 Total Sales
-
N
Buyer's Agent in 2023
Nonmember Nonmember
Nonmember
Map
Source: Fresno MLS
MLS Number: 610492
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