3025-3049 E Gettysburg Ave - Apartments FOR SALE


Fresno, CA 93726- Hoover
$8,300,000 USD
559-288-8803
3025-3049 E Gettysburg Ave, Fresno, CA for Sale
$8,300,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

3025-3049 E Gettysburg Ave
Fresno, CA 93726
Hoover


HIGHLIGHTS

  • Casa Blanca’s current in-place rents average $1.20 per square foot, while market rents in the submarket average $1.68 per square foot.
  • Casa Blanca benefits from Fresno’s diverse economy, proximity to California State University Fresno,
  • The property features an attractive garden-style design with 60 spacious two-bedroom units across 10 buildings on 3.53 acres.

OVERVIEW

Northmarq is pleased to offer Casa Blanca Apartments, a 60 Unit Garden Community located in Northeast Fresno. Casa Blanca is located on a major arterial with excellent curb exposure next to Fashion Fair Regional Mall. Casa Blanca offers an excellent unit mix of 45 two-bedroom, one-bath units (875 SF) and 15 two-bedroom, 1.5-bath units (1,042 SF),catering to the high demand for affordable family housing in Fresno’s growing rental market. VALUE-ADD OPPORTUNITY Casa Blanca’s current in-place rents average $1.20 per square foot, while market rents in the submarket average $1.68 per square foot. This represents significant upside potential of approximately $0.48 per square foot through strategic renovations and lease-up to market rates, providing immediate income enhancement opportunities for new ownership. CENTRAL VALLEY GROWTH TRAJECTORY Fresno’s multifamily market benefits from limited new construction,growing employment base, and the city’s role as the agricultural and economic hub of the Central Valley, positioning existing properties for continued appreciation and rental growth.

FOR SALE DETAILS

PRICE

$8,300,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

60

PRICE/UNIT

$138,333

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Blanca Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

53

LAND DETAILS

LAND ACRES

3.53 AC

LAND SF

153,719 SF

ZONING

R-3-A, Fresno

APN/PARCEL ID

427-203-10

ASK ABOUT THIS PROPERTY

Robin KaneNorthmarqMore Info
559-288-8803

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Robin KaneNorthmarqMore Info
559-288-8803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.