NOT LISTED FOR SALE

5145 E Lane Ave Fresno, CA 93727

Sunnyside Neighborhood
2 Beds
1 Bath
816 Sq Ft
912 Sq Ft Lot

Sale Details

Date Sold: February 5, 2025

Last sale price $2,950,000 $3,615 Per Sq Ft

126 Days on Market

About This Home

As of February 2025

Northmarq is pleased to announce that it has been retained as the exclusive listing agent for the sale of the La Hacienda Condo Portfolio, a collection of 17 units located within a Condominium Community located in the Sunnyside submarket in Fresno, California. This property provides the right investor an opportunity to acquire a turnkey asset in one of the nation's hottest submarkets.100% OCCUPIED WITH RENTAL UPSIDEThe Portfolio 100% occupied, providing investors an opportunity to enhance yield in the near-term with a slight rental increase and full recovery of loss-to-lease. Currently, there is a in-place loss-to-lease of 3.4%.ATTRACTIVE UNIT MIX OF 2 BEDROOM UNITS WITH WASHER / DRYER HOOKUPS AND AN AVERAGE SQUARE FOOTAGE OF 883 SFThe Portfolio features 10 two bedroom / One Bath units at 819 Square feet, 5 two bedroom two bath units at 912 square feet, 1 three bedroom one bath unit at 1000 square feet and a three bedroom two bath unit at 1,250 square feet. Average size is 883 square feet. The units features in-unit washer / dryers and hookups, garages, patios/balconies and ample storage.LA HACIENDA COMMUNITY FEATURESThere are two sparkling pools, fitness center and controlled access.

Last Agent to Sell the Property

Brendan Kane

Brendan Kane Real Estate License #01976828 Listed on: 06/26/2024

Last Buyer's Agent

Brendan Kane

Brendan Kane Real Estate License #01976828 Listed on: 06/26/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 912

Parking

  • Uncovered Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 816 Sq Ft Home
  • Multi-Level Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • 912 Sq Ft Lot
  • Central Air

Community Details

  • 17 Units
  • Gross Income $313,785

Listing and Financial Details

  • Tenant pays for electricity, water, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

912 Sq Ft Lot

Listing Details

  • Type: Multi Family
  • Property Sub Type: 16 Units & More
  • Price Per Square Foot: 3615.20
  • Year Built Exception: 0
  • Stories: Multi/Split
  • Leased Equipment: Washer/Dryer (s)
  • Special Features: None
  • Year Built: 1988

Interior Features

  • Fireplace: None
  • Bathrooms: 1.00
  • Bedrooms: 2
  • Facilities: Pool, Exercise Room, Play Yard
  • Square Footage: 816.00

Exterior Features

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

Garage/Parking

  • Additional Parking: Uncovered

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.0209
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 912.00
  • Price Per Acre: 141148325.36

Building Info

  • Year Built: 1988

Rental Info

  • TenantPays: Electricity, Water, Sewer

Multi Family

  • Annual Income: 313785.00
  • IncomeIncludes: Unit Rent
  • Total Units: 17

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 Prior Sale
02/05/2025 02/05/25 Sold $2,950,000 0.0% $3,615 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
09/30/2024 09/30/24 Price Changed $2,950,000 -9.2% $3,615 / Sq Ft
06/26/2024 06/26/24 For Sale $3,250,000 +4233.3% $3,983 / Sq Ft
07/21/2020 07/21/20 Sold $75,000 0.0% $115 / Sq Ft View Prior Sale
06/22/2020 06/22/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $75,000 -- $115 / Sq Ft
Source: Fresno MLS

Agents Affiliated with this Home

  • B

    Seller's Agent in 2025

    Brendan Kane

    Brendan Kane Real Estate

    Section Image
  • Jared Martin

    Seller's Agent in 2020

    Jared Martin

    Central California Real Estate

    (559) 779-1504

    5 in this area

    154 Total Sales

    Jared Martin
    Section Image

  • N

    Buyer's Agent in 2020

    Nonmember Nonmember

    Nonmember

See All Agents

Map

Source: Fresno MLS

MLS Number: 617400

Fresno MLS
California Fresno County Fresno 93727 Sunnyside

5145 E Lane Ave, Fresno, CA

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