La Hacienda
17 Unit Apartment Building | $3,250,000 ($191,176/Unit) | Fresno, CA 93727
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,250,000
- Property Type
-
Multifamily
- Square Feet
- 45,371 SF
Listing Contacts
Robin Kane
Verified Profile
Brendan Kane
Verified Profile
- Property Info
Property Overview
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 UPSIDE
The 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 SF
The 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 FEATURES
There are two sparkling pools, fitness center and controlled access.
MINUTES TO FRESNO PACIFIC UNIVERSITY & CENTRAL BUSINESS DISTRICT
Near multiple shopping centers and HWY 180 with easy access to junction to HWY 168 and 41
LONG-TERM OWNER
The current owner has owned the units since 2004.
GROWING LOGISTICS HUB
Led by Amazon, the Central Valley is rapidly becoming a prime distribution and logistics HUB for the Western US. Due to Fresno’s location in the middle of the Valley it is primed to continue to benefit from this trend with strong job growth.
100% OCCUPIED WITH RENTAL UPSIDE
The 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 SF
The 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 FEATURES
There are two sparkling pools, fitness center and controlled access.
MINUTES TO FRESNO PACIFIC UNIVERSITY & CENTRAL BUSINESS DISTRICT
Near multiple shopping centers and HWY 180 with easy access to junction to HWY 168 and 41
LONG-TERM OWNER
The current owner has owned the units since 2004.
GROWING LOGISTICS HUB
Led by Amazon, the Central Valley is rapidly becoming a prime distribution and logistics HUB for the Western US. Due to Fresno’s location in the middle of the Valley it is primed to continue to benefit from this trend with strong job growth.
Property Details
- Class
- B
- Year Built
- 1988
- Stories
- 2
- Lot Size (sq. ft)
- 36,590 SF
- Units
- 17
Highlights
- EXCELLENT COLLECTION OF 17 CONDOMINIUM RENTALS WITHIN A LUXURY COMMUNITY
- UNIT FEATURES INCLUDE WASHER/DRYER HOOKUPS, GARAGES AND FIREPLACES
- COMMUNITY HAS TWO POOLS, FITNESS CENTER AND AMPLE OPEN SPACE
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