858 East Carmen Avenue

Fresno, CA 93728

$1,350,000
Last Sold Price
16
Beds
16
Baths
6,070 Sq. Ft.
$222 / Sq. Ft.
6,070
Sq. Ft.
$222
per Sq. Ft.

Description

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...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.
  1. Listed by Fatima B Mosby • DRE #01304406 • Signature Properties

Property Details for 858 East Carmen Avenue

Garage Spaces
0
Cross Street Address
Van Ness and McKinley

Location

Listing Courtesy of Signature Properties

Sold By Suite One Real Estate Services, Inc.

Add your commute
LISTING UPDATED: 09/28/2022 09:09 AM

Property Details for 858 East Carmen Avenue

StatusSold
MLS #580467
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 16 Units & More
Year Built1952
Lot Size0.17 AC / 7,500 SF
CountyFresno County

Location

Listing Courtesy of Signature Properties

Sold By Suite One Real Estate Services, Inc.

Add your commute

Building Information for 858 East Carmen Avenue

Stories-Residences16Year Built1952Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$8,825 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$1,457

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 858 East Carmen Avenue

Summary
Location and General Information
  • Region: Urban
  • Directions: From Wishon and McKinley head south on Wishon then east on Carmen. Property is at the end of the street on your right.
  • Census Tract: .00
  • Unique Conditions: 1031 Exchange
School Information
  • Schools Comment: Buyer to verify.
  • School Name 1: Fresno
  • School Name 2: Fort Miller
  • School Name 3: Heaton
  • 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: 45104607
  • 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
  • Documents Available: Income Tax Return
  • Leased Equipment: Washer/Dryer (s)
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Total Buildings: 0
  • Stories: Two
Utilities
  • Gas & Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • Foundation: Concrete Perimeter
  • Roofing: Other
Interior Features
  • Heat/Cool: Central Cooling, Floor or Wall Heat, Window or Wall A/C
  • Fireplace: None
Multi Family
Income & Expenses Information
  • Annual Expense: $32,772.00
  • Annual Income: $107,618.00
  • Expenses Include: Management, Gardener, Maintenance/Repair, Insurance, Accounting/Legal, Gas, Electric, Water, Sewer, Taxes
  • Income Includes: Unit Rent, Laundry, Other
  • Net Income: $74,846.00
  • Total Units: 16
Unit 1 Information
  • Unit Number: 0
  • Unit Description: Studio
  • Square Feet: 375
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $618.00
Unit 2 Information
  • Unit Number: 1
  • Unit Description: Studio
  • Square Feet: 375
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $762.00
Unit 3 Information
  • Unit Number: 2
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $606.00
Unit 4 Information
  • Unit Number: 3
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $618.00
Unit 5 Information
  • Unit Number: 4
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $618.00
Unit 6 Information
  • Unit Number: 5
  • Unit Description: Manager's studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 7 Information
  • Unit Number: 6
  • Unit Description: Studio
  • Square Feet: 375
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $638.00
Unit 8 Information
  • Unit Number: 7
  • Unit Description: Studio
  • Square Feet: 375
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $612.00
Unit 9 Information
  • Unit Number: 8
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $845.00
Unit 10 Information
  • Unit Number: 9
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $618.00
Unit 11 Information
  • Unit Number: 10
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $835.00
Unit 12 Information
  • Unit Number: 11
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $589.00
Unit 13 Information
  • Unit Number: 12
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $600.00
Unit 14 Information
  • Unit Number: 13
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $845.00
Unit 15 Information
  • Unit Number: 14
  • Unit Description: Studio
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $784.00
Unit 16 Information
  • Unit Number: 15
  • Unit Description: 1 bed
  • Square Feet: 400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $635.00
Rental
Rental Information
  • Tenant Pays: Electricity
  • Lease Type: Net

Property History for 858 East Carmen Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 858 East Carmen Avenue

Taxable ValueLand$45,000Additions$1,305,000Total$1,350,000
Tax Record2023$17,489 ($1,457 / month)
Home Facts
Total Finished SqFt6,070 SqFtAbove Grade Finished SqFt6,070 SqFtStories2Lot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1952ZoningRS5CountyFRESNOAPN451-046-07Fireplace TypeHas Fireplace

Schools near 858 East Carmen Avenue

This home is within Fresno Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Heaton Elementary School
PublicK to 6

Fort Miller Middle School
Public7 to 8

Fresno High School
Public9 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.

Similar Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Signature Properties

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.