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https://www.londonproperties.com/property/link/crmls/CV26103626/4308-E-Woodward/Fresno/https://www.londonproperties.com/images/props/crmls/full/CV26103626.jpgLondon Properties Fresno Real Estate | 4308 E Woodward
Exceptional investment opportunity featuring a well-maintained 21-unit apartment complex situated on additional acreage with future development potential. Originally designed and entitled as a 21-unit condominium project with separate APN numbers, the property was later converted into a professionally operated apartment community, offering investors flexibility and long-term upside potential. The current ownership has extensively upgraded and meticulously maintained the property, resulting in strong tenant retention and stable rental income consistent with the area's high demand. The unit mix consists of 7 spacious 3-bedroom, 1.5-bath units and 14 well-appointed 2-bedroom, 1.5-bath units, appealing to a broad tenant base. With additional land available for possible expansion and increased density potential (buyer to verify with local agencies), this property presents a rare opportunity to acquire a stabilized asset with both immediate cash flow and future development upside. Ideal for investors seeking a pride-of-ownership asset with proven performance and value-add potential.
Property Sub Type
Apartment
Year Built
1992
Year Built Source
Assessor
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
5
Number Of Units Total
21
Entry Level
1
Price Per Square Foot
$3,352
Price Per Unit
$190,238
Days On London
0
Cumulative Days On London
0
County Or Parish
Fresno
New Construction Y/N
No
Property Attached Y/N
No
Rent Control Y/N
No
Cooling Y/N
Yes
Heating Y/N
Yes
Directions
Cedar/Woodward
Heating
Central
Cooling
Central Air
Laundry Y/N
Yes
Laundry Features
Individual Room
Common Walls
No Common Walls
Fireplace Y/N
No
Fireplace Features
None
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area
1035
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area
1192
Average 3 Bed Area Units
Square Feet
Number Of Separate Electric Meters
22
Number Of Separate Water Meters
1
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
1.00
Parking Features
Garage, Direct Garage Access
Garage Spaces
1.00
Lot Features
Lot Over 40000 Sqft
Lot Size Area
101495.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Common Interest
Community Apartment
Parcel Number
47133001
Additional Parcels Y/N
Yes
Additional Parcels Description
47133002-47133021, 47134001
Community Features
Sidewalks
Senior Community Y/N
No
Association Y/N
No
Gross Income
307440.00
Operating Expense
89256.00
Land Lease Y/N
No
Insurance Expense
16236.00
Electric Expense
600.00
Water Sewer Expense
18780.00
Trash Expense
7140.00
Professional Management Expense
18000.00
Gross Scheduled Income
307440.00
Gross Income
307440.00
Total Expenses
89256.00
Net Operating Income
218184.00
Operating Expense
89256.00
Gross Income
307440.00
Net Operating Income
218184.00
Tax Lot
1
71109
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The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
