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https://www.londonproperties.com/property/link/kings/233681/524-E-Fresno-St/Avenal/https://www.londonproperties.com/images/props/kings/full/233681.jpgLondon Properties Avenal Real Estate | 524 E Fresno St
Exceptional 10-Unit Investment Opportunity - First Time on the Market in Years Presenting a rare opportunity to acquire a 10-unit multifamily complex with significant upside potential. Held by long-term ownership and offered for the first time in years, this property is ideal for investors seeking steady occupancy with room to increase cash flow. All 10 units are currently occupied by long-term tenants, reflecting consistent rental history and strong demand in the area. Rents are currently below market value due to long-standing tenancies, offering a clear value-add opportunity for the next owner. All leases are month-to-month, providing flexibility to adjust rents to market rates. Each unit features separate utility meters, minimizing owner expenses and maximizing net operating income. The property is conveniently located within walking distance to the police department and fire department, adding an extra layer of desirability and tenant appeal.
Property Type
Multi-Family
Property Subtype 1
Apartment
Layout
Front and Back, Two Buildings
Year Built
1934
Stories
1
Price Per Square Foot
$136
Price Per Acre
$2,783,573
Cumulative Days On London
1
County
Kings
Directions
Take the exit for CA-269 North toward Avenal this will lead you into the Avenal area from the south side. In Avenal, follow local streets to E Fresno St and go to 524 E Fresno St.
Water Heater Types
Gas
Roof
Shingle
Exterior
Framed
Pool Private Y/N
No
Unit 1 # of Bedrooms
1
Unit 1 # of Bathrooms
1.00
Unit 1 Rented
Yes
Unit 1 Monthly Rent
400.00
Unit 1 Refrigerator
Yes
Unit 1 Stove
Yes
Unit 1 Washer / Dryer
No
Unit 2 # of Bedrooms
1
Unit 2 # of Bathrooms
1.00
Unit 2 Rented
Yes
Unit 2 Monthly Rent
600.00
Unit 2 Refrigerator
Yes
Unit 2 Stove
Yes
Unit 2 Washer / Dryer
No
Unit 3 # of Bedrooms
1
Unit 3 # of Bathrooms
1.00
Unit 3 Rented
Yes
Unit 3 Monthly Rent
500.00
Unit 3 Refrigerator
Yes
Unit 3 Stove
Yes
Unit 3 Washer / Dryer
No
Unit 4 # of Bedrooms
2
Unit 4 # of Bathrooms
1.00
Unit 4 Rented
Yes
Unit 4 Monthly Rent
600.00
Unit 4 Refrigerator
Yes
Unit 4 Stove
Yes
Unit 4 Washer / Dryer
No
Unit 5+ # of Bedrooms
2
Unit 5+ # of Bathrooms
1.00
Unit 5 Rented
Yes
Unit 5 Monthly Rent
500.00
Unit 5 Refrigerator
Yes
Unit 5 Stove
Yes
Unit 5 Washer / Dryer
No
Common Gas
Separate Meters
Electric
Separate Meters
Water Supply
Public
Sewer
Public Sewer
Parking
Street Parking, Varies By Unit
APN Number
040 165 013 000
Association
Kings County Multiple Listing Service
Special Listing Conditions
Standard
Tenant Pays
Electricity, Water, Gas
Source of Rental Information
Owner
Expenses
Trash
Lease Type
Net
Gross Scheduled Income
No
71109
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Courtesy of Edith Avilez, Fast Track Realty Co.
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.
