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475 N Manila Ave

Fresno, CA 93727

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$6,250,000

73 bd
  |  
37 ba
  |  
33,744 sq ft
  |  
1.56 acres

475 N Manila Ave

Fresno, CA 93727

Listed On: 08/13/2026
Status: Active
Listing Number: 653650 (Fresno MLS)

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Presented By:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Courtesy of Mark Chu, HomeSmart PV and Associates - [email protected]

Vista Del Loma Apartments - 37 units on three Fresno County parcels (APNs 313-291-09, 313-291-05, 313-291-06), built 1972-1975. Thirty-five two-bedroom/one-bath units plus one three-bedroom and one studio. 33,744 rentable SF on 1.56 acres, two pools, 22 garage spaces, on-site laundry, private patios, RM1 zoning. Clovis Unified School District. Owner's January-December 2025 operating statement reports $547,368 of collected rental income, $142,628 of operating expenses and $404,740 net operating income - a 6.48% return at the current tax assessment and 5.59% once reassessed at the purchase price under California Proposition 13. The owner funded $63,632 of unit renovation during 2025 and the income has not yet caught up to it. The three APNs can be financed in tranches or divested individually - useful flexibility for a 1031 exchange buyer. 431 and 415 N Manila adjoin; 475 sits to the north, separated by two parcels under other ownership. All income and expense figures are owner-reported, unaudited and subject to buyer verification. Rent roll and trailing-twelve operating statements available upon execution of a confidentiality agreement. Appointment only - please do not disturb tenants or on-site staff.
Property Type
Multi Family
Property Subtype 1
16 Units & More
Year Built
1975
Region
Suburban
Unique Conditions
1031 Exchange
Stories
Two
Total Units
37
Price Per Square Foot
$185
Price Per Acre
$4,006,410
Days On London
0
Cumulative Days On London
0
County
Fresno
Facilities
Pool, Utility Room
Special Features
On-Site Manager
REO / Bank Owned
No
Cross Street Address
E Madison Ave
Directions
From CA-180 (Kings Canyon Rd) exit N Peach Ave, north on N Peach to E Belmont Ave, east on E Belmont to N Manila Ave, then north on N Manila. Subject parcels are at 415, 431 and 475 N Manila Ave on the east side of the street.
Heat / Cool
Central Heat/Cool
Roofing
Composition
Foundation
Concrete Perimeter
Fireplace
None
Exterior
Stucco
Yard
Sprinkler - Auto
Gas & Electric
Public Utilities
Sewer / Water
Public Water
Are there garage spaces?
No
Additional Parking
Carport, Covered, One Space per Unit
APN
313 291 09 [PARCEL MAP]
School District
Clovis Unified
School Type 1
High School
School Name 1
Clovis East
School Type 2
Junior High School
School Name 2
Reyburn
School Type 3
Grade School
School Name 3
Fancher Creek
Tenant Pays
Electricity, Gas
Income Includes
Unit Rent, Both
Annual Income
547368.00
Annual Expense
142628.00
Expenses Include
Management, Gardener, Maintenance/Repair, Insurance, Electric, Pool, Taxes
Sources of Inc / Exp
Owner
Net Income
404740.00


Last modified 2 hours ago
Fresno MLS last checked for updates 1 hour ago

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.

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