Pending

5145 E Lane Avenue

Fresno CA, 93727

$2,950,000


$3,615.20 per sqft

Pending

2 Beds

1 Bath

816 sqft

Multi-family

Built in 1988

Northmarq is pleased to announce that it has been retained as the exclusive listing agent for the sale of the La Hacienda Condo Portfolio, a collection of 17 units located within a Condominium Community located in the Sunnyside submarket in Fresno, California. This property provides the right investor an opportunity to acquire a turnkey asset in one of the nation's hottest submarkets.100% OCCUPIED WITH RENTAL UPSIDEThe Portfolio 100% occupied, providing investors an opportunity to enhance yield in the near-term with a slight rental increase and full recovery of loss-to-lease. Currently, there is a in-place loss-to-lease of 3.4%.ATTRACTIVE UNIT MIX OF 2 BEDROOM UNITS WITH WASHER / DRYER HOOKUPS AND AN AVERAGE SQUARE FOOTAGE OF 883 SFThe Portfolio features 10 two bedroom / One Bath units at 819 Square feet, 5 two bedroom two bath units at 912 square feet, 1 three bedroom one bath unit at 1000 square feet and a three bedroom two bath unit at 1,250 square feet. Average size is 883 square feet. The units features in-unit washer / dryers and hookups, garages, patios/balconies and ample storage.LA HACIENDA COMMUNITY FEATURESThere are two sparkling pools, fitness center and controlled access.

617400

MLS ID

June 26, 2024

Listed

November 22, 2024

Updated

Map

5145 E Lane Avenue
Fresno CA, 93727

Interior Features

Bedrooms

2


Total Bathrooms

1


Appliances

Washer/Dryer(s) Leased


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Heat/Cool


Heating

Yes

Exterior/Building Features

Lot Size

0.02 Acres


Exterior Features

Suburban


Lot Features

Suburban


Roof

Composition


Sewer

Public Sewer

School Information

School District

Fresno Unified

Other Property Details

Area Name

727


Garage

Yes


Garage Spaces

17


Parking

Open


View

No


County

Fresno


Water Source

Public


Pool

No

Listing History

Date

Event

Price

10/30/2024

Pending

9/30/2024

Price change

$2,950,000

-10%

Listed by Brendan Kane Real Estate, Brendan L. Kane,
Listing Contact: 559-892-0036 

All properties are subject to prior sale, change or withdrawal. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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 consumers may be interested in purchasing. Data last updated 11/22/2024 9:57 PM UTC.

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