NOT LISTED FOR SALE

581 W Lincoln Ave Clovis, CA 93612

50 Beds
46 Baths
23,164 Sq Ft
0.92 Acres Lot

Sale Details

Date Sold: January 24, 2025

Last sale price $3,250,000 $140 Per Sq Ft

59 Days on Market

Highlights

  • 0.92 Acre Lot
  • Central Air
  • Wood Siding
  • Clark Intermediate School Rated A

About This Home

As of January 2025

The Clovis Portfolio consists of two properties, The Lincoln built in 1987 and Alder built in1964. This offers a savvy long-term investor the opportunity to purchase an asset in thecity of Clovis, one of California's most sought-after community. Below Market Rents: The market rents at both properties are below area comps. Our RentSurvey reveals at least another 35 cents per square foot is available with no additionalupgrades. Value-Add Opportunity: With upgrades, the future owner can achieve rent premiums asmuch as $50.00 to $100.00 per month. Access to Major Employment and Education Centers: The Clovis Portfolio is just eastof California State University- Fresno. To the south is freeway 168.

Last Agent to Sell the Property

Brendan Kane

Brendan Kane Real Estate License #01976828 Listed on: 08/20/2024

Last Buyer's Agent

Brendan Kane

Brendan Kane Real Estate License #01976828 Listed on: 08/20/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.92

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 23,164 Sq Ft Home
  • Multi-Level Property

Bedrooms and Bathrooms

  • 50 Bedrooms
  • 46 Bathrooms

Parking

  • Carport
  • Uncovered Parking

Additional Features

  • 40,075 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • 4 Buildings
  • 27 Units

Building Details

  • Gross Income $500,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0.92 Acres

Listing Details

  • Type: Multi Family
  • Property Sub Type: 16 Units & More
  • Price Per Square Foot: 140.30
  • Year Built Exception: 0
  • Stories: Multi/Split
  • Special Features: None
  • Year Built: 1987

Interior Features

  • Fireplace: None
  • Bathrooms: 46.00
  • Bedrooms: 50
  • Square Footage: 23164.00

Exterior Features

  • Roofing: Composition
  • Exterior: Wood, Brick
  • Foundation: Both

Garage/Parking

  • Additional Parking: Carport, Uncovered

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.9200
  • Lot Measurement: Acres
  • Lot Size Sq Ft: 40075.00
  • Price Per Acre: 3532608.70

Building Info

  • Year Built: 1987

Rental Info

  • TenantPays: All Utilities

Multi Family

  • Annual Income: 500800.00
  • IncomeIncludes: Unit Rent, Laundry
  • Total Units: 27

MLS Schools

  • School District 2: Clovis Unified
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/24/2025 01/24/25 Sold $3,250,000 -33.0% $140 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $4,850,000 -- $209 / 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 $38,325 $3,235,800 $220,000 $3,015,800
2023 $25,520 $2,104,345 $132,841 $1,971,504
2022 $24,762 $2,067,036 $130,237 $1,936,799
2021 $24,007 $2,020,933 $127,684 $1,893,249
2020 $23,953 $2,003,370 $126,375 $1,876,995
2019 $23,522 $1,966,762 $123,898 $1,842,864
2018 $23,021 $1,928,920 $121,469 $1,807,451
2017 $22,667 $1,894,131 $119,088 $1,775,043
2016 $21,914 $1,857,778 $116,753 $1,741,025
2015 $21,481 $1,377,474 $104,510 $1,272,964
2014 $16,079 $1,355,515 $102,463 $1,253,052
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Fresno MLS

MLS Number: 618527

Fresno MLS

APN: 420-141-14

Your Personal Tour Guide

Ask me questions while you tour the home.