See Home Value
$639,853*
Multifamily - Off Market

5049 E Lane Avenue

Fresno, CA 93727
bedrooms
12 Beds
bathrooms
4 Baths
square feet
3640 Sqft
$405,000 - $495,000
Reference Base Price*
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Please find this 2-story/4-plex rental property in southeast Fresno, right adjacent to Greenberg Elementary, right across from IRS Processing Center and just down the street from Sunnyside High. It's close to many supermarkets, shops and restaurants along E. Kings Canyon Road. Owner has done many improvements over the years and the property provides generous cash flows and great cap rate. There is also an attached structure which is used as a laundry room that could potentially generate additioal income for the new owner. Owner is also selling the adjacent 4-plex - 5045 E Lane Ave.(each with its own separate APN). Prospective buyer is well advised to purchase both 4-plexes together to achieve economy of scale in property investment/management while still remain flexible in financing options (conventional financing for 4-unit residential property x 2 vs. commerical financing for one 8-unit apartment). Please don't disturb tenants. Owner is happy to accomodate the showings

The manager has listed the unit size as 3640 square feet.
Unit Size
3,640Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$124
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1985

Price History

Date / Event Date Event Price
Oct 1, 2020 Sold to Barbara L Rea, Steven R Rea $385,000
Sold to Barbara L Rea, Steven R Rea
Apr 12, 2020 No longer available -
No longer available
Apr 11, 2020 Relisted -
Relisted
Apr 11, 2020 Price Increased $450,000
↑ $65K (16.9%)
Price Increased
Mar 8, 2020 No longer available -
No longer available
Show More

Property Highlights

Parking Available


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,812 ft²
$226/ft²
$410,000 Dec 9, 2022
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200609
06/09/2020
12 Bed
4 Bath
3640 ft²
$450,000
bedrooms
12 Bed
bathrooms
4 Bath
square feet
3640 ft²
$385,000 -14.44%
10/01/2020
Sean Sanchez
20190830
08/30/2019
12 Bed
4 Bath
3640 ft²
$385,000
bedrooms
12 Bed
bathrooms
4 Bath
square feet
3640 ft²
-
-
-
-

Building Info

5049 East Lane Avenue 5049 East Lane Avenue, Fresno, CA 93727
More about this Building
5049 East Lane Avenue
Want to find out who owns 5049 East Lane Avenue, Fresno, CA 93727? Get detailed property transactions here .

About Roosevelt


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