NOT LISTED FOR SALE

581 W Lincoln Ave Clovis, CA 93612

Clovis Area
50 Beds
46 Baths
23,164 Sq Ft
0.92 Acre 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

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

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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

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
Nov 18, 2024
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 2014
Sold by
Bought by

Purchase Details

Closed on
Feb 6, 2012
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
$1,022,000
Interest Rate
3.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 8, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Clovis, CA

  • Cash Thomas Real Estate Agent - CMT Properties Inc.

    Cash Thomas

    CMT Properties Inc.

    (559) 354-4937

    64 Total Sales

    4 in Clovis

    $352K - $622K Price Range

    Cash Thomas
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  • Michael Flores Real Estate Agent - Altura Realty

    Michael Flores

    Altura Realty

    (831) 220-3897

    15 Total Sales

    1 in Clovis

    $510,000 Price

    Michael Flores
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  • Eric McCormick Real Estate Agent - London Properties, Ltd.

    Eric McCormick

    London Properties, Ltd.

    (559) 272-5958

    63 Total Sales

    7 in Clovis

    $399K - $785K Price Range

    Eric McCormick
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  • Joshua Glaz Real Estate Agent - The Ave

    Joshua Glaz

    The Ave

    (657) 325-8448

    255 Total Sales

    1 in Clovis

    $345,000 Price

    Joshua Glaz
     Section Image
  • Vanessa Ochoa Real Estate Agent - Realty One Group Action

    Vanessa Ochoa

    Realty One Group Action

    (559) 315-4633

    40 Total Sales

    1 in Clovis

    $620,000 Price

    Vanessa Ochoa
     Section Image
  • Pablo Ramblas Arredondo Real Estate Agent - London Properties, Ltd.

    Pablo Ramblas Arredondo

    London Properties, Ltd.

    (559) 354-3197

    28 Total Sales

    1 in Clovis

    $610,000 Price

    Pablo Ramblas Arredondo
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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
$3,250,000 Fidelity National Title Compan
-- Fidelity National Title Co
$1,322,000 Fidelity National Title Co
$660,000 Chicago Title Company
-- Chicago Title Company
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 $1,700,000
Previous Owner $900,000
Previous Owner $1,022,000
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
01/24/2025 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

  • B

    Seller's Agent in 2025

    Brendan Kane

    Brendan Kane Real Estate

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Map

Source: Fresno MLS

MLS Number: 618527

Fresno MLS

APN: 420-141-14

California Fresno County Clovis 93612

581 W Lincoln Ave, Clovis, CA

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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