NOT LISTED FOR SALE
46 Beds
46 Baths
19,768 Sq Ft
1.09 Acre Lot

Sale Details

Date Sold: January 2, 2024

Last sale price $3,300,000 $167 Per Sq Ft

74 Days on Market

Highlights

  • 1.09 Acre Lot
  • Second Dishwasher
  • Central Air
  • Corner Lot
  • 1-Story Property
  • Wood Siding

About This Home

As of January 2024

Welcome to Ashlan Lagoon, a remarkable 19,768 SF Apartment Complex nestled in the heart of Fresno, California. Ashlan Lagoon Apartments offer astute investors an exceptional point of entry into the lucrative world of multifamily-apartment commercial investments, thanks to its consistent occupancy. What sets Ashlan Lagoon apart is its extraordinary, all-single-story design, comprising 24 spacious units: 22- 2Bedroom/2Bath units, and 2- 1Bedroom/ 1Bath units. Stability and long-term viability are inherent to this investment, with an excellent location within a thriving community. Moreover, Ashlan Lagoon Apartments share borders with the prestigious Clovis, CA community and are conveniently minutes away from Fresno International Airport, Fresno State University, local elementary schools, and the bustling Rodeo Plaza Shopping Center (home to Costco and Walmart Supercenter), with other major retailers like Dutch Bros and Walgreens in close proximity. Ashlan Lagoon Apartments are your gateway to a secure and lucrative real estate investment in Fresno, CA. Don't miss this exceptional opportunity to own a piece of prime real estate. Invest in Ashlan Lagoon today and reap the rewards of stability and growth in the thriving Fresno real estate market.

Last Agent to Sell the Property

Paul Gestic

Fresno Income Properties License #01376488 Listed on: 09/01/2023

Last Buyer's Agent

Paul Gestic

Fresno Income Properties License #01376488 Listed on: 09/01/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 1.09 Acre Lot
  • Corner Lot
  • Front and Back Yard Sprinklers

Parking

  • Carport

Home Design

  • Shake Roof
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 19,768 Sq Ft Home
  • 1-Story Property
  • Leased Washer and Dryer

Kitchen

  • Second Stove
  • Second Dishwasher

Bedrooms and Bathrooms

  • 46 Bedrooms
  • 46 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV

Community Details

Overview

  • 4 Buildings
  • 24 Units

Building Details

  • Gross Income $307,356

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

1.09 Acres

Listing Details

  • Type: Multi Family
  • Property Sub Type: 16 Units & More
  • Price Per Square Foot: 166.94
  • Year Built Exception: 0
  • Stories: One
  • Leased Equipment: Washer/Dryer (s)
  • Special Features: None
  • Year Built: 1980

Interior Features

  • Dishwasher: More than One unit
  • Disposal: More than One Unit
  • Fireplace: None
  • Refrigerator: More than One Unit
  • Stove: More than One unit
  • Bathrooms: 46.00
  • Bedrooms: 46
  • Facilities: Pool, Utility Room
  • Square Footage: 19768.00

Exterior Features

  • Yard: Sprinkler - Front, Sprinkler - Back
  • Roofing: Shake, Composition
  • Exterior: Stucco, Wood
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport, One Space per Unit

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Corner

Lot Info

  • Acres: 1.0900
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 47480.00
  • Price Per Acre: 3027522.94

Building Info

  • Year Built: 1980

Rental Info

  • TenantPays: Electricity, Gas, Cable TV

Multi Family

  • Annual Income: 307356.00
  • IncomeIncludes: Unit Rent, Laundry, Month to Month, Lease
  • Total Units: 24

MLS Schools

  • School District 2: Fresno Unified

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2024
Sold by
Bought by

Purchase Details

Listed on
Sep 1, 2023
Closed on
Dec 26, 2023
Sold by
Bought by
Seller's Agent
Paul Gestic
Fresno Income Properties
Buyer's Agent
Paul Gestic
Fresno Income Properties
List Price
$3,500,000
Sold Price
$3,300,000
Premium/Discount to List
-$200,000
-5.71%
Views
203

Purchase Details

Listed on
Sep 1, 2023
Closed on
Dec 22, 2023
Sold by
Bought by
Seller's Agent
Paul Gestic
Fresno Income Properties
Buyer's Agent
Paul Gestic
Fresno Income Properties
List Price
$3,500,000
Sold Price
$3,300,000
Premium/Discount to List
-$200,000
-5.71%
Views
203

Purchase Details

Closed on
Aug 19, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,411,200
Interest Rate
0.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,673,000
Interest Rate
0.0378%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
0.0631%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0593%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,000
Interest Rate
0.0624%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
-- None Listed On Document
$3,300,000 Placer Title Company
$401,500 Fidelity National Title
$337,500 Placer Title
$384,000 Lennar Title
$2,016,000 Chicago Title Company
$1,450,000 Stewart Title Of California
$1,720,000 Fidelity National Title Co
-- Fidelity National Title Co
$1,350,000 Fidelity National Title Co
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $453,033
Previous Owner $1,411,200
Previous Owner $1,673,000
Previous Owner $1,190,000
Previous Owner $425,000
Previous Owner $1,500,000
Previous Owner $1,000,000
Previous Owner $250,000
Previous Owner $787,000
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
01/02/2024 01/02/24 Sold $3,300,000 -5.7% $167 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
09/01/2023 09/01/23 For Sale $3,500,000 -- $177 / Sq Ft
Source: Fresno MLS

Tax 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.

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 $44,102 $3,374,860 $612,000 $2,762,860
2023 $27,641 $2,097,961 $410,958 $1,687,003
2022 $26,683 $2,052,280 $402,900 $1,649,380
2021 $25,982 $2,014,670 $395,000 $1,619,670
2020 $19,713 $1,508,846 $369,342 $1,139,504
2019 $18,971 $1,479,470 $362,100 $1,117,370
2018 $18,571 $1,450,670 $355,000 $1,095,670
2017 $18,115 $1,410,670 $315,000 $1,095,670
2016 $17,869 $1,410,670 $315,000 $1,095,670
2015 $17,851 $1,409,700 $335,000 $1,074,700
2014 $16,652 $1,310,800 $315,000 $995,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fresno MLS

MLS Number: 601452

Fresno MLS

APN: 430-210-51

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