NOT LISTED FOR SALE

69 W Beverly Ave Clovis, CA 93612

-- Bed
-- Bath
4,160 Sq Ft
0.31 Acres

Last Sold July 28, 2023

Last sale price $1,100,000 $264 Per Sq Ft

15 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Clark Intermediate School Rated A
  • Ceiling Fan

About This Home

As of July 2023

Location, location, and location! A well-maintained 11bed/6bath five-plex located in the well-known Clovis Unified district is up for sale. The front one story building is a 3bed/2bath single family style house and the back 2-story building is 2bed/1bath four-plex. Most parts of the property have been updated. Here are the details: The recently updated driveway. The windows for all units including the laundry room have been updated; Four out of the five HVAC units have been updated; The water heaters for all units have been updated; The front single-family style unit has been updated with hardwood cabinets, a stone countertop, and laminate flooring throughout all the bedrooms and living room less than 1 year ago; Most parts of the two units of the 4-plex have been updated in the past 5 years, including hardwood cabinets and a stone countertop. With a 0.31-acre lot and approval to expand to 15 units, this property is full of potential. Look at this - only 0.5 miles away from the Walmart Supercenter (less than a 10-minute walk), 0.9 miles away from Costco Wholesale, and 1.3 miles away from Sierra Vista Mall. Please don't disturb tenants if you drive by to check out the property.

Last Agent to Sell the Property

Susan Deng

Legend Realty & Finance Group License #02108995 Listed on: 06/12/2023

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1979

Lot Details

  • 0.31

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,160 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces
  • Assigned Parking

Additional Features

  • 0.31 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $77,808

Community Details

Overview

  • 4,160 Sq Ft Building

Building Details

  • 5 Leased Units
  • Gardener Expense $1,500
  • Insurance Expense $2,199
  • Maintenance Expense $2,350
  • Other Expense $231
  • Utility Expense $420
  • Trash Expense $3,913
  • Operating Expense $15,093
  • Gross Income $79,208

Property Details

Home Type

Multi-Family

Year Built

1979

Lot Details

0

Listing Details

  • Zoning: R-4
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4160
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Interior Features

  • Living Sq Ft: 4160
  • Security: Fire Alarm

Exterior Features

  • Foundation: Concrete Slab, Crawl Space
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Assigned Spaces
  • Carport Min: 5

Utilities

  • Cooling System: Ceiling Fan, Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.3099
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13500.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 13.57
  • Number Of Leased: 5

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2199
  • Expense Landscape: 1500
  • Expense Maintenance: 2350
  • Expenses Other: 231
  • Expenses Total: 15093
  • Expenses Utility: 420
  • Expense Trash: 3913
  • Income Annual Gross: 79208.00
  • Income Annual Rental: 77808
  • Income Gross Scheduled: 79208
  • Income Includes: Laundry, Rents
  • Income Other: 1400
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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 Prior Sale
07/28/2023 07/28/23 Sold $1,100,000 +2.3% $264 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $1,075,000 +190.5% $258 / Sq Ft
01/05/2017 01/05/17 Sold $370,000 0.0% $89 / Sq Ft View Prior Sale
11/03/2016 11/03/16 Pending -- -- --
08/18/2016 08/18/16 For Sale $370,000 -- $89 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Susan Deng

    Legend Realty & Finance Group

    Section Image

  • R

    Buyer's Agent in 2023

    RECIP

    Out of Area Office

  • Gretchen Sullivan

    Seller's Agent in 2017

    Gretchen Sullivan

    RE/MAX

    (559) 430-4770

    10 in this area

    43 Total Sales

    Gretchen Sullivan
    Section Image
  • Melissa Bowen

    Seller Co-Listing Agent in 2017

    Melissa Bowen

    HomeSmart PV and Associates

    (559) 367-4799

    15 in this area

    120 Total Sales

    Melissa Bowen
    Section Image
  • Cynthia Chakurian

    Buyer's Agent in 2017

    Cynthia Chakurian

    HomeSmart PV and Associates

    (559) 287-8973

    6 in this area

    38 Total Sales

    Cynthia Chakurian
    Section Image
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Map

Source: MLSListings

MLS Number: ML81931610

MLSListings

APN: 497-160-09

California Fresno County Clovis 93612

69 W Beverly Ave, Clovis, CA

Not Listed for Sale

MultiFamily

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