NOT LISTED FOR SALE

858 E Carmen Ave Fresno, CA 93728

Tower District Neighborhood
16 Beds
16 Baths
6,070 Sq Ft
7,500 Sq Ft Lot

Last Sold September 27, 2022

Last sale price $1,350,000 $222 Per Sq Ft

54 Days on Market

About This Home

As of September 2022

Fully occupied 16 plex in highly desirable Tower District and within walking distance to Fresno City College! This property exudes pride of ownership and has been maintained to a high standard suggesting minimal hassles for the new owner. The complex has attracted long-term, low turnover tenants who are paying below-market rent so there is upside potential to increase the $100,000+ gross revenue currently being generated. Property details include 15 studios and a single 1 bed/1 bath unit, AC and electrical heat in each unit, on-site laundry room, security gates, 10 carports plus street parking available. New roof in 2015.

Last Agent to Sell the Property

Fatima Mosby

Signature Properties License #01304406 Listed on: 06/15/2022

Last Buyer's Agent

Brian Ferguson

Suite One Real Estate Services License #01907765

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 7,500 Sq Ft Lot

Parking

  • Carport

Home Design

  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 6,070 Sq Ft Home
  • 2-Story Property
  • Heated Floors
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window

Community Details

  • 16 Units
  • Gross Income $107,618

Listing and Financial Details

  • Tenant pays for electricity

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 16 Units & More
  • Price Per Square Foot: 222.41
  • Year Built Exception: 0
  • Stories: Two
  • Unique Conditions: 1031 Exchange
  • Leased Equipment: Washer/Dryer (s)
  • Special Features: None
  • Year Built: 1952

Interior Features

  • Fireplace: None
  • Bathrooms: 16.00
  • Bedrooms: 16
  • Square Footage: 6070.00

Exterior Features

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

Garage/Parking

  • Additional Parking: Carport

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
  • Heat/Cool: Central Cooling, Floor or Wall Heat, Window or Wall A/C

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.1722
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 7500.00
  • Price Per Acre: 7839721.25

Building Info

  • Year Built: 1952

Rental Info

  • TenantPays: Electricity

Multi Family

  • Annual Income: 107618.00
  • IncomeIncludes: Unit Rent, Laundry, Other
  • Total Units: 16

MLS Schools

  • School District 2: Fresno Unified

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
09/27/2022 09/27/22 Sold $1,350,000 -9.7% $222 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/29/2022 07/29/22 Price Changed $1,495,000 -5.1% $246 / Sq Ft
07/29/2022 07/29/22 For Sale $1,575,000 0.0% $259 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $1,575,000 -- $259 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $18,521 $1,404,540 $46,818 $1,357,722
2023 $17,826 $1,350,000 $45,000 $1,305,000
2022 $5,334 $388,513 $24,523 $363,990
2021 $5,197 $380,896 $24,043 $356,853
2020 $5,175 $376,991 $23,797 $353,194
2019 $5,068 $375,980 $23,331 $352,649
2018 $4,967 $368,734 $22,874 $345,860
2017 $4,888 $361,630 $22,426 $339,204
2016 $4,739 $354,666 $21,987 $332,679
2015 $4,506 $335,800 $24,000 $311,800
2014 $4,366 $326,500 $22,000 $304,500
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2022

    Fatima Mosby

    Signature Properties

    (559) 307-4674

    5 in this area

    43 Total Sales

    Fatima Mosby
    Section Image
  • Brian Ferguson

    Buyer's Agent in 2022

    Brian Ferguson

    Suite One Real Estate Services

    (805) 238-3055

    3 in this area

    54 Total Sales

    Brian Ferguson
    Section Image
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Map

Source: Fresno MLS

MLS Number: 580467

Fresno MLS
California Fresno County Fresno 93728 Tower District

858 E Carmen Ave, Fresno, CA

Not Listed for Sale

MultiFamily

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