435 N Valeria St 10 Unit Apartment Building $1,499,900 ($149,990/Unit) 6.16% Cap Rate Fresno, CA 93701

435 N Valeria Street is a well-maintained 10-unit apartment community located in Fresno’s established Jefferson neighborhood, offered to the market for the first time in nearly two decades. The current ownership acquired the property in 2007 and has held it as a long-term, cash-flowing asset ever since, providing a new buyer with the rare opportunity to take over a stabilized building that has not been actively shopped or repositioned in 19 years.
The property comprises 8,580 square feet of improvements across an all- 2-bedroom unit mix, set on a 12,500 SF lot with a 1:1 covered parking ratio. Tenant vehicles and trash receptacles are secured at the rear of the property by a wrought iron fence along the back alley, providing a meaningful layer of physical security that tenants in the submarket have come to value. An on-site laundry room is in place but currently inactive; the sellers have brand-new washers and dryers that will convey to the new owner with the sale, allowing the buyer to immediately reactivate the amenity and capture an additional ancillary income stream from day one.
From a regulatory and risk-mitigation standpoint, the property’s SB 721 inspections, California’s mandated inspection of exterior elevated elements for multifamily buildings, have been completed, and the inspection report identified no immediate repairs as necessary. This positions the asset as truly turnkey, with no looming compliance work or near-term capital outlay required of the incoming owner. The full SB 721 report, along with all other diligence materials, is available for review in the Due Diligence folder upon
request from the listing agents.
Taken together, the long-tenured ownership, current SB 721 compliance, secured rear access, and near-term opportunity to bring laundry income online make 435 N Valeria a low-friction acquisition candidate well-suited for a 1031 exchange buyer or any investor seeking dependable Central Valley cash flow.
The units are individually metered for P.G.&E. and paid by tenant. Landlord currently pays water, sewer and trash.