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Fresno Bee People's Choice Award Winner - #1 Best Real Estate Company
402 S Dearing Avenue, Fresno, CA 93702

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Well maintained corner units located in area of like and kind properties featuring (6) 1 bedroom 1 bath units and (4) 2 bedroom 1 bath units along with a nice coin-op laundry. Carports in the rear have been updated with metal roofing added and the exterior has been painted in the last couple years. Most tenants are long term. Current CAP is 5.0% but there is room to move it to 6.8% if the new owner wants.

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402 S Dearing Avenue

Fresno, CA 93702

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Fresno, CA 93702

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402 S Dearing Avenue

Fresno, CA 93702

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402 S Dearing Avenue

Fresno, CA 93702

$639,900

Listed On 01/23/2019

Status: Pending (Taking Backup Offers)

14 Bed / 10 Bath
6,328 Square Feet (PER TAX RECORDS)
0.42 Acres (PER TAX RECORDS)

Listing #516526 (FRESNO MLS)

London Properties Investment Group

LONDON PROPERTIES INVESTMENT GROUP

REALTOR® / Lic. #01189466

559.436.4065

lpig@londonproperties.com

London Properties

Presented By:

London Properties Investment Group

(559) 436-4065

Email London Properties

London Properties Investment Group

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402 S Dearing Avenue

Fresno, CA 93702

402 S Dearing Avenue

Fresno, CA 93702

[GET DIRECTIONS]


London Properties Investment Group

Presented By:

London Properties Investment Group

(559) 436-4065

Email London Properties

Presented By:

London Properties Investment Group

(559) 436-4065

Email London Properties

London Properties Investment Group

$639,900 14 Bed / 10 Bath 6,328 Square Feet (PER TAX RECORDS) 0.42 Acres (PER TAX RECORDS) Status: Pending (Taking Backup Offers) Listing #516526 (FRESNO MLS) Listed On 01/23/2019

Well maintained corner units located in area of like and kind properties featuring (6) 1 bedroom 1 bath units and (4) 2 bedroom 1 bath units along with a nice coin-op laundry. Carports in the rear have been updated with metal roofing added and the exterior has been painted in the last couple years. Most tenants are long term. Current CAP is 5.0% but there is room to move it to 6.8% if the new owner wants.
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General Information
Property Type Multi Family Property Subtype(s) 5 to 15 Units
Price Per Sq. Ft. $101.12 Days On Market/Cumulative Days On Market 51/51
APN 461 233 02[PARCEL MAP] Year Built 1960
County Fresno Area 702
Region Urban # of Units 10
# of Buildings 0 # of Stories One
Sewer/Water Public Water, Public Sewer Gas & Electric Public Utilities
Cross Streets S/ Huntington & W/Chestnut Directions South on Chestnut past Tulare and west on Huntington to Dearing.
Property Type Multi Family
Property Subtype(s) 5 to 15 Units
Price Per Sq. Ft. $101.12
Days On Market/Cumulative Days On Market 51/51
APN 461 233 02[PARCEL MAP]
Year Built 1960
County Fresno
Area 702
Region Urban
# of Units 10
# of Buildings 0
# of Stories One
Sewer/Water Public Water, Public Sewer
Gas & Electric Public Utilities
Cross Streets S/ Huntington & W/Chestnut
Directions South on Chestnut past Tulare and west on Huntington to Dearing.

Nearby Amenities

Restaurants

Groceries

Nightlife

Shopping

Arts & Entertainment

Sunnyside Diner

Sunnyside Diner

4.5 star rating

(212 Reviews)

Seafood

$

Sam's Italian Deli & Market

Sam's Italian Deli & Market

4.5 star rating

(614 Reviews)

Delis

$

Mediterranean Grill & Cafe

Mediterranean Grill & Cafe

4.5 star rating

(363 Reviews)

Mediterranean

$$

Pho Phuong Nine Restaurant

Pho Phuong Nine Restaurant

4.0 star rating

(168 Reviews)

Vietnamese

$

Castillo's Mexican Food

Castillo's Mexican Food

4.0 star rating

(335 Reviews)

Mexican

$

Churrasco Grill

Churrasco Grill

4.5 star rating

(314 Reviews)

Mediterranean

$

Mamas Asian Noodle House

Mamas Asian Noodle House

4.0 star rating

(317 Reviews)

Laotian

$

javence pizzeria

javence pizzeria

4.5 star rating

(156 Reviews)

Pizza

$$

Country Fare Cafe

Country Fare Cafe

4.0 star rating

(159 Reviews)

Mexican

$

Lao-Thai Restaurant

Lao-Thai Restaurant

4.0 star rating

(148 Reviews)

Thai

$

Las Mananitas

Las Mananitas

5.0 star rating

(65 Reviews)

Mexican

$

Buffalo Ranch Wings & Things

Buffalo Ranch Wings & Things

4.5 star rating

(161 Reviews)

American (Traditional)

$

Sushiyaki

Sushiyaki

4.5 star rating

(129 Reviews)

Teppanyaki

$$

Zamora Carnitas Mexican Restaurant

Zamora Carnitas Mexican Restaurant

4.0 star rating

(199 Reviews)

Mexican

$

El Premio Mayor

El Premio Mayor

4.5 star rating

(125 Reviews)

Mexican

$

B & K Asian Kitchen

B & K Asian Kitchen

4.0 star rating

(175 Reviews)

Thai

$$

The Gastro Grill by Chacon’s Catering

The Gastro Grill by Chacon’s Catering

5.0 star rating

(46 Reviews)

Food Trucks

$$

Cosmopolitan Tavern

Cosmopolitan Tavern

4.0 star rating

(248 Reviews)

Cocktail Bars

$$

Taco's & Mariscos Tijuana

Taco's & Mariscos Tijuana

4.0 star rating

(117 Reviews)

Mexican

$

Pizza Cycle

Pizza Cycle

4.5 star rating

(45 Reviews)

Pizza

$


Property/Unit Features
Heating & Cooling Central Heat/Cool Fireplace None
Heating & Cooling Central Heat/Cool
Fireplace None

School Information
School District Fresno Unified Elementary School Olmos
Junior High School Kings Canyon High School Sunnyside
School District Fresno Unified
Elementary School Olmos
Junior High School Kings Canyon
High School Sunnyside

Interior
Flooring Concrete Perimeter    
Flooring Concrete Perimeter

Exterior
Lot Acres (approx) 0.42 (per Tax Records) Lot Sq Ft (approx) 18,200 (per Tax Records)
Parking Features Carport, Covered Garage Spaces 0
Roofing Composition Exterior Stucco, Stone
Spa No Pool No
Lot Acres (approx) 0.42 (per Tax Records)
Lot Sq Ft (approx) 18,200 (per Tax Records)
Parking Features Carport, Covered
Garage Spaces 0
Roofing Composition
Exterior Stucco, Stone
Spa No
Pool No

Miscellaneous Data
REO/Bank Owned No Annual Income $63,224.97
Annual Expense $31,771.45 Net Income $31,453.52
Tenant Pays Electricity, Gas Income Includes Unit Rent, Laundry
Expenses Include Management, Gardener, Maintenence/Repair, Insurance, Accounting/Legal, License/Ads, Water, Sewer, Taxes Sources of Inc/Exp Owner
REO/Bank Owned No
Annual Income $63,224.97
Annual Expense $31,771.45
Net Income $31,453.52
Tenant Pays Electricity, Gas
Income Includes Unit Rent, Laundry
Expenses Include Management, Gardener, Maintenence/Repair, Insurance, Accounting/Legal, License/Ads, Water, Sewer, Taxes
Sources of Inc/Exp Owner

Courtesy of Michael Garabedian, London Properties, Ltd.

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

402 S Dearing Avenue, Fresno, CA 93702
 
402 S Dearing Avenue, Fresno, CA 93702 402 S Dearing Avenue, Fresno, CA 93702 402 S Dearing Avenue, Fresno, CA 93702

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