$610,000
SOLD OCT 2, 2024

4561 E White Ave Fresno, CA 93702

Huntington Neighborhood
5 Beds
5 Baths
2,828 Sq Ft
8,100 Sq Ft Lot

Recently Sold

$216 Per Sq Ft

2% Below List Price

66 Days on Market

About This Home

As of October 2024

This 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

Puneet Bhargava

Realty Concepts, Ltd. - Clovis License #01859500 Listed on: 04/06/2024

Realty Concepts, Ltd. - Clovis

Last Buyer's Agent

Puneet Bhargava

Realty Concepts, Ltd. - Clovis License #01859500 Listed on: 04/06/2024

Realty Concepts, Ltd. - Clovis

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 215.70
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1960

Interior Features

  • Fireplace: None
  • Bathrooms: 5.00
  • Bedrooms: 5
  • Square Footage: 2828.00

Exterior Features

  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.1860
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 8100.00
  • Price Per Acre: 3279569.89

Building Info

  • Year Built: 1960

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 62256.00
  • IncomeIncludes: Unit Rent
  • Total Units: 5

MLS Schools

  • School District 2: Fresno Unified

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Range of Values:

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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
10/02/2024 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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Puneet Bhargava

    Seller's Agent in 2024

    Puneet Bhargava

    Realty Concepts, Ltd. - Clovis

    (559) 274-7025

    9 in this area

    67 Total Sales

    Puneet Bhargava
    Section Image

  • J

    Seller's Agent in 2023

    Jin Kim

    The JKRE Investment Group

    (760) 987-5332

    6 in this area

    44 Total Sales

    Jin Kim
    Section Image

  • N

    Buyer's Agent in 2023

    Nonmember Nonmember

    Nonmember

See All Agents

Map

Source: Fresno MLS

MLS Number: 610492

Fresno MLS
California Fresno County Fresno 93702 Huntington

4561 E White Ave, Fresno, CA

This home is located at 4561 E White Ave, Fresno, CA 93702 and is currently priced at $610,000, approximately $215 per square foot. This property was built in 1960. 4561 E White Ave is a home located in Fresno County with nearby schools including Leavenworth Elementary School, Yosemite Middle School, and Mclane 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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