$910,000

541 W Ashlan Ave Clovis, CA 93612

Estimated payment $5,324/month

Total Views 1,751
10 Beds
-- Bath
4,783 Sq Ft
$190 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

Excellent income-producing opportunity in a high-demand Clovis location. This well-maintained 5-unit apartment building offers a 5% cap rate, steady rents, and long-term performing tenants. The property includes four 2BD/1BA units and one upgraded 2BD/2BA unit, each with its own carport and patio. Additional features include on-site laundry for tenant convenience. Located near grocery stores, coffee shops, schools, and major commuter routes with quick access to the airport. Strong rental demand and a stable tenant base make this a reliable addition to any investment portfolio.

Listing Agent

Amanda Miller

eXp Realty of Northern California, Inc. License #02090628 Listed on: 12/01/2025

eXp Realty of Northern California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,500

Year Built

  • Built in 1978

Lot Details

  • 9,240 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,783 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Unit 1 Bathroom: 0
  • Unit 2 Bathroom: 0
  • Unit 3 Bathroom: 0
  • Unit 4 Bathroom: 0
  • Unit 5 Bathroom: 0

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces
  • Parking Available

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 2719
  • Assessor Parcel Number 43063231

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $5,000
  • Maintenance Expense $4,250
  • Professional Management Expense $8,750
  • Trash Expense $2,550
  • Water Sewer Expense $2,550
  • Operating Expense $31,175
  • Gross Income $47,605
  • Net Operating Income $47,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,500

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Professional Management Expense: 8750.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2550.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 43063231
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 190.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2550.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9240.00
  • Lot Size Acres: 0.2121

Multi Family

  • Gross Income: 47605.00
  • Gross Scheduled Income: 78780.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 9240.0000 Square Feet
  • Maintenance Expense: 4250.00
  • Net Operating Income: 47605.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 31175.00
  • Rent Control: No
  • Total Expenses: 31175.00

Tax Info

  • Tax Area: 93612
  • Taxes Percent: 1.00
  • Tax Lot: 6
  • Tax Rate: 1.00
  • Tax Tract Number: 2719
  • Tax Annual Amount: 6500.00
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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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 List to Sale Price per Sq Ft
11/19/2025 11/19/25 For Sale $910,000 -- $190 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: FR25266535

California Regional Multiple Listing Service (CRMLS)
California Fresno County Clovis 93612

541 W Ashlan Ave, Clovis, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Amanda Miller
Listing Agent
Amanda Miller
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eXp Realty of Northern California, Inc.
(559) 552-6929