The Mogharebi Group (TMG) is pleased to present Garden Square Apartments, an 83-unit, garden-style multifamily community located at 202 West Dakota Avenue in the Old Fig Garden submarket of Fresno, California. Situated on 4.98 acres across 12 single-story and townhome style buildings, the property represents a compelling investment opportunity for buyers seeking stable in-place cash flow, embedded rent upside, and long-term appreciation in one of Central Valley’s most established residential neighborhoods. Originally built in 1963 with classic one and two-bedroom cottage-style units, the property was expanded in 1980 with the addition of modern townhomes with an average unit size of 921 SF. Garden Square offers a well-maintained, low-density layout and an average unit size of 921 square feet. The community’s single-story design appeals to a broad tenant base, including families, professionals, and retirees. The property features a diverse unit mix of one-, two-, and three-bedroom floor plans, with three-bedroom units comprising 30% of the total inventory, a configuration that is increasingly difficult to replicate in today’s construction environment. Garden Square currently provides a loss-to-lease opportunity that a new owner can capture through targeted interior renovations and rent optimization. The gap between in-place and achievable market rents positions this asset for immediate income growth. Value-add upside exists through a phased interior renovation program encompassing kitchen and bathroom upgrades, flooring, fixtures, and finishes. Additionally, operational efficiencies including utility reimbursement optimization and expense management present further opportunities to improve net operating income. The property’s large unit sizes and garden-style layout provide a competitive advantage relative to newer, higher-density product in the market. The Old Fig Garden submarket benefits from strong demand fundamentals driven by proximity to California State University, Fresno, Community Regional Medical Center, and the expanding employment base associated with California’s High-Speed Rail project. Fresno’s multifamily market is characterized by limited new construction, tightening vacancy, and consistent rent growth across asset classes, positioning Garden Square for sustained demand and long-term value creation