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Sylmar Apartments 1223 N Sylmar Ave 13 Unit Apartment Building $2,795,000 ($215,000/Unit) Fresno, CA 93727
Investment Highlights
- COMPLETELY RENOVATED
- ALL LARGE TWO BEDROOM UNITS AT 940 SF
- MOTIVATED SELLER, MUST SELL
Executive Summary
• Value-Add Opportunity
• With the in-fill location, 1223 Sylmar is perfectly positioned to be upgraded which would result in substantially higher rents.
• Multifamily Market Is On A Strong Growth Path
• With the improving job market, rent growth has exceeded both the State and National Average, according to the nation’s leading Market Research firm, Axiometrics.
• All Units have Been Renovated
• Large 2 Bedroom/1 Bath Units at 940 SQ FT with Patio or Balcony
• New fencing and Exterior Paint
• With the in-fill location, 1223 Sylmar is perfectly positioned to be upgraded which would result in substantially higher rents.
• Multifamily Market Is On A Strong Growth Path
• With the improving job market, rent growth has exceeded both the State and National Average, according to the nation’s leading Market Research firm, Axiometrics.
• All Units have Been Renovated
• Large 2 Bedroom/1 Bath Units at 940 SQ FT with Patio or Balcony
• New fencing and Exterior Paint
Property Facts
| Price | $2,795,000 | Building Class | C |
| Price Per Unit | $215,000 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 11,660 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3, Fresno | ||
| Price | $2,795,000 |
| Price Per Unit | $215,000 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 11,660 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | R-3, Fresno |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Gated
- Smoke Free
- Storage Space
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | 930 - 950 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 455-162-18 | Improvements Assessment | $1,271,857 |
| Land Assessment | $135,304 | Total Assessment | $1,407,161 |
Property Taxes
Parcel Number
455-162-18
Land Assessment
$135,304
Improvements Assessment
$1,271,857
Total Assessment
$1,407,161
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Sylmar Apartments | 1223 N Sylmar Ave
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