475 N Manila Avenue
Property Description
Vista Del Loma Apartments - 37 units on three Fresno County parcels (APNs 313-291-09, 313-291-05, 313-291-06), built 1. Thirty-five two-bedroom/one-bath units plus one three-bedroom and one studio. 33,744 rentable SF on 1.56 acres, two pools, 22 garage spaces, on-site laundry, private patios, RM1 zoning. Clovis Unified School District. Owner's January-December 2025 operating statement reports $547,368 of collected rental income, $142,628 of operating expenses and $404,740 net operating income - a 6.48% return at the current tax assessment and 5.59% once reassessed at the purchase price under California Proposition 13. The owner funded $63,632 of unit renovation during 2025 and the income has not yet caught up to it. The three APNs can be financed in tranches or divested individually - useful flexibility for a 1031 exchange buyer. 431 and 415 N Manila adjoin; 475 sits to the north, separated by two parcels under other ownership. All income and expense figures are owner-reported, unaudited and subject to buyer verification. Rent roll and trailing-twelve operating statements available upon execution of a confidentiality agreement. Appointment only - please do not disturb tenants or on-site staff.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,250,000 |
| No. of Units: | 37 |
| Year Built: | 1975 |
| Lot Size: | 33,744.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $168,919 |
| Property Website | Click Here |
| Number of Bedrooms: | 73 |
| Number of Bathrooms: | 37 |
ID: 3yd-FARCA-653650
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Remax Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
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Greg Corbin
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Essex Property Trust, Inc.
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout