4563 4563 E Sierra Madre Ave, Fresno, CA 93726
4563 4563 E Sierra Madre Ave, Fresno, CA 93726
4563 4563 E Sierra Madre Ave, Fresno, CA 93726
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$830,000
Est. payment /mo
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2,016 SqFt
Price Dropped by $20K

4563 4563 E Sierra Madre Ave Fresno, CA 93726

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C Ray Brower

C Ray Brower

+1(209) 418-0238

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 $411

MLS Listing ID 226077889

HOA Y/N No

Year Built 1956

Lot Size 0.344 Acres

Acres 0.3444

Lot Dimensions 120x125

Property Sub-Type Duplex

Source MLS Metrolist

Property Description

NEW LOWER PRICE $830,000 - motivated seller. Serious buyers with proof of funds preferred. Bring offers. 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 / 5.75% 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

Area 24000

Direction From Hwy 41, exit Shaw Ave east. Continue east on Shaw, turn south on Cedar Ave, turn east on Sierra Madre Ave. Property on north side of street directly across from Fresno State.

Rooms

Other Rooms Unit-1 Occupancy: Tenant Unit-2 Bedrooms: 3 Full Baths: 1

Interior

Heating Central

Cooling Central

Flooring Laminate

Appliance Dishwasher, Microwave, Free Standing Electric Oven

Laundry In Common Area

Exterior

Parking Features Attached, Garage

Utilities Available Other

Water Access Desc Meter on Site

Building

Lot Description Other

Foundation Concrete

Sewer Public Sewer

Water Meter on Site

Level or Stories One

Schools

Elementary Schools Fresno Unified

Middle Schools Fresno Unified

High Schools Fresno Unified

School District Fresno

Others

Senior Community No

Tax ID 430-090-11

Special Listing Condition Real Estate Owned

MetroList® Services, Inc
Listed by The Mohan Group

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I’ve had the pleasure of knowing C Ray now for years in both professional and personal relationships. C Ray has always exhibited a positive, professional outlook in all of our interactions, in a variety of situations. His ability to listen to our needs and wants, compare that with opportunities available on the market and show us appropriate properties, in our price range that met our vision. We are extremely excited about the home we chose and even though there were some challenges, both personal and professional in each of our lives, he stayed engaged with all parties and we closed the deal on time. You won’t go wrong if you partner with C Ray in the pursuit of finding your new home. His life experience and desire to fulfill your needs are always his first priority

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C Ray Brower

C Ray Brower

Broker Associate License ID: 01969248

+1(209) 418-0238

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4563 4563 E Sierra Madre Ave