4563 E Sierra Madre Avenue, Fresno, CA 93726
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4563 E Sierra Madre Avenue, Fresno, CA 93726
4563 E Sierra Madre Avenue, Fresno, CA 93726
4563 E Sierra Madre Avenue, Fresno, CA 93726
4563 E Sierra Madre Avenue, Fresno, CA 93726
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David Tucci

David Tucci

+1(559) 824-8904
$ 900,000
Est. payment /mo
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4563 E Sierra Madre Avenue Fresno, CA 93726

6 Beds

2 Baths

2,016 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,016 sqft

Price per Sqft $446

MLS Listing ID 650694

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1956

Lot Size 0.344 Acres

Property Sub-Type Duplex

Property Description

Fresno State campus-adjacent investment opportunity with substantial value-add upside. Fully renovated turn-key duplex directly across the street from California State University, Fresno (~25,000 students), currently producing $56,160 annual gross rent on a by-the-room student rental model ($780/month per room, 5 of 6 currently leased).The strategic value here is in the entitled redevelopment optionality. Corridor/Center Mixed-Use (CMX) zoning on a 15,000 SF parcel Fresno removed the dwelling-unit density cap in mixed-use zones in 2022, opening the door to additional multifamily in the rear, ground-floor commercial uses targeting the captive student market, or expanded student housing. The lot is the canvas.Offered with CITY-APPROVED expansion plans (Permit B24-13708) adding 4 bedrooms and 2 bathrooms via garage conversion plus nook additions and a new 540 SF carport. Stabilized proforma: 10 rooms, $93,600 gross / 5.31% cap on list. Full architectural plans, structural engineering, and energy compliance forms transfer with the property approximately $120K in soft costs already paid by seller, eliminating 6-12 months of entitlement work for the buyer.Built 1956, fully renovated. Automatic security gate, fully fenced. Operating expenses remarkably lean. Cash or DSCR loan preferred. Showings by appointment only with 24-hour notice required (tenant-occupied).Pre-listing inspection on hand, available to qualified buyers.

Location

State CA

County Fresno

Interior

Cooling Central Heat/Cool

Fireplaces Type None

Appliance Refrigerator: All Units, Dishwasher: All Units, Disposal: All units, Stove: All units

Exterior

Parking Features Open

Garage Spaces 2.0

Fence Fenced

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Urban, Sprinklers In Front, Sprinklers In Rear, Sprinkler - Auto, Mature Landcsape

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

High Schools Fresno County Ooe

Fresno MLS
Listed by The Mohan Group
David Tucci

David Tucci

Agent

+1(559) 824-8904

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4563 E Sierra Madre Avenue