1520 S Reed Ave

Reedley, CA 93654

$940,000
Last Sold Price
13
Beds
9
Baths
3,903 Sq. Ft.
$241 / Sq. Ft.
3,903
Sq. Ft.
$241
per Sq. Ft.
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Sold 5/30/25
Sold 5/30/25
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Description

Investment Opportunity in the Heart of Reedley! Don't miss this rare chance to own a well-maintained 8-unit multifamily property at 1520 S Reed Avean ideal addition to any investor's portfolio. This income-producing asset features a desirable mix of 1-bedroom and 2-bedroom units, with 7 of 8 currently occupied by long-term tenants. Recent upgrades include a brand-new roof, modernized interiors, new flooring, updated kitchens, and bathroom improvementsoffering immediate stability and future upside....Investment Opportunity in the Heart of Reedley! Don't miss this rare chance to own a well-maintained 8-unit multifamily property at 1520 S Reed Avean ideal addition to any investor's portfolio. This income-producing asset features a desirable mix of 1-bedroom and 2-bedroom units, with 7 of 8 currently occupied by long-term tenants. Recent upgrades include a brand-new roof, modernized interiors, new flooring, updated kitchens, and bathroom improvementsoffering immediate stability and future upside. The property boasts an onsite laundry room, tenant-paid utilities, and easy access to shopping, schools, and major roadways.
  1. Listed by Scott J Tafoya • DRE #01493993 • Real Broker

Property Details for 1520 South Reed Avenue

Garage Spaces
8
Garage Type
Detached
Cross Street Address
W Olson Ave
LISTING UPDATED: 06/02/2025 02:19 PM

Property Details for 1520 South Reed Avenue

StatusSold
MLS #629974
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5 to 15 Units
Year Built1974
Lot Size0.24 AC / 10,454 SF
CountyFresno County
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Location

Listing Courtesy of Real Broker

Sold By Real Broker

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Building Information for 1520 South Reed Avenue

Stories-Residences8Year Built1974Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

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$5,068 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,733

Property Taxes

$335

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1520 South Reed Avenue

Summary
Location and General Information
  • Region: Urban
  • Directions: From Reedley, head south on Reed Ave. Property is on the southeast corner of Olson and Reed
  • Census Tract: .00
School Information
  • Schools Comment: Buyer to verify
  • School Name 1: Reedley
  • School Name 2: Grant
  • School Name 3: Washington
  • School Type 1: High School
  • School Type 2: Junior High School
  • School Type 3: Grade School
Parking
  • Additional Parking: Carport
Taxes and HOA Information
  • Association: Fresno MLS
Lot Information
  • Square Footage Source: Tax Records
  • APN: 36515418
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Records)
  • Multiple Listing Service: Fresno Multiple Listing System
Property
Property and Assessments
  • REO/Bank Owned: No
  • FIPS Code: 19
  • Age: 0
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Total Buildings: 0
  • Stories: One
Utilities
  • Gas & Electric: Public Utilities
  • Sewer/Water: Public Water
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • Foundation: Concrete Perimeter
  • Roofing: Composition
Interior Features
  • Heat/Cool: Central Heat/Cool
  • Fireplace: None
Multi Family
Income & Expenses Information
  • Annual Expense: $38,246.00
  • Annual Income: $99,996.00
  • Expenses Include: Insurance, Taxes
  • Income Includes: Unit Rent, Both
  • Net Income: $61,749.00
  • Total Units: 8
Unit 1 Information
  • Unit Number: 0
  • Unit Description: A
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 2 Information
  • Unit Number: 1
  • Unit Description: B
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 3 Information
  • Unit Number: 2
  • Unit Description: C
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 4 Information
  • Unit Number: 3
  • Unit Description: D
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 5 Information
  • Unit Number: 4
  • Unit Description: E
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 6 Information
  • Unit Number: 5
  • Unit Description: F
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 7 Information
  • Unit Number: 6
  • Unit Description: G
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 8 Information
  • Unit Number: 7
  • Unit Description: H
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas, Water, Sewer, Trash Collection, Cable TV
  • Lease Type: Net

Property History for 1520 South Reed Avenue

DateEvent & SourcePriceAppreciation
May 30, 2025

Sold

FRESNOMLS #629974

$940,000—
May 16, 2025

Pending

FRESNOMLS #629974

—
May 7, 2025

Listed (Active)

FRESNOMLS #629974

$980,000—
DateEvent & SourcePrice
05/30/2025

Sold

FRESNOMLS #629974

$940,000
05/16/2025

Pending

FRESNOMLS #629974

—
05/07/2025

Listed (Active)

FRESNOMLS #629974

$980,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1520 South Reed Avenue

Taxable ValueLand$61,807Additions$284,674Total$346,481
Tax Record2025$4,024 ($335 / month)
Home Facts
Total Finished SqFt3,903 SqFtAbove Grade Finished SqFt3,903 SqFtStories1Lot Size10,454 SqFtStyleMulti-Family Res (5+ Units)Year Built1974ZoningRM15CountyFRESNOAPN365-154-18Fireplace TypeHas Fireplace

Schools near 1520 South Reed Avenue

This home is within Kings Canyon Joint Unified School District.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - K to 5
General Grant Middle School
Public - 6 to 8
Reedley High School
Public - 9 to 12
Mountain View (Alternative) School
Public - K to 12
Rating
School
Distance
Washington Elementary School
PublicK to 5

General Grant Middle School
Public6 to 8

Reedley High School
Public9 to 12

Mountain View (Alternative) School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.