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3088 W Ashlan Ave
Fresno, CA 93722
Pine Valley Apartments · Multifamily Property For Sale
·
76 Units
Property Facts
| No. Units | 76 | Building Size | 75,177 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1980/2004 |
| Building Class | C | Parking Ratio | 1.25/1,000 SF |
| Lot Size | 7.27 AC | ||
| Zoning | R-3 | ||
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.27 AC |
| Building Size | 75,177 SF |
| Average Occupancy | 99% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2004 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Heating
- Refrigerator
- Satellite TV
- Range
- Patio
Site Amenities
- Laundry Facilities
- Playground
- Pool
- Grill
- Pet Play Area
About 3088 W ASHLAN AVE , FRESNO, CA 93722
Pine Valley is an apartment community located at 3088 W. Ashlan Avenue and 4091 N. Marks Avenue in the desirable Bullard neighborhood of Fresno, California. Sitting on over seven acres, the property offers 76 two-bedroom units of various sizes. Community amenities include a swimming pool, playground, pet play area, laundry facilities and assigned parking. EXPANDING EMPLOYMENT ENVIRONMENT With its strategic location in between San Francisco and Los Angeles, Fresno has become a popular place to establish distribution centers for some of the largest e-commerce companies in the world, creating new employment opportunities. Amazon opened a fulfillment center in 2018 where it employs over 1,500, and has opened a second distribution center where it employs approximately 400. The Gap and Ulta Beauty have also expanded their distribution footprint. NEARBY TO MAJOR EDUCATION HUBS Just a few miles away, California State University, Fresno and Fresno City College have a combined student population of nearly 50,000 with nearly 5,000 in faculty and staff, providing a solid base of potential renters. VALUE ADD WITH 25% RENTAL UPSIDE POTENTIAL Pine Valley presents a strong repositioning value add opportunity through interior upgrades, building exterior, common area amenity improvements and upgraded landscaping with a 25%+ rental upside potential. The value add play has proven to be a success with two close-proximity assets with similar size units.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 76 | $978.50 | 965 - 1,064 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,990,914 | |
| Land Assessment | $1,356,118 | Total Assessment | $7,347,032 |
Property Taxes
