4563 E Sierra Madre Avenue, Fresno, CA 93726
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
4563 E Sierra Madre Avenue,Fresno, CA 93726
$815,000
- 6 Beds
- - Baths
- 2,016 sq. ft.
- Multi-family
- Active
Listed by: christian d. ruiz
Office: the mohan group
MLS#:650694
Source:CA_FMLS
Price summary
- Price:$815,000
- Price per sq. ft.:$404.27
About this home
NEW LOWER PRICE $815,000 - motivated seller. Serious buyers with proof of funds preferred. Bring offers.Fresno State campus-adjacent investment opportunity with substantial value-add upside. Fully renovated turn-key duplex directly across the street from California State University, Fresno (~25,000 students), currently producing $56,160 annual gross rent on a by-the-room student rental model ($780/month per room, 5 of 6 currently leased).The strategic value here is in the entitled redevelopment optionality. Corridor/Center Mixed-Use (CMX) zoning on a 15,000 SF parcel - Fresno removed the dwelling-unit density cap in mixed-use zones in 2022, opening the door to additional multifamily in the rear, ground-floor commercial uses targeting the captive student market, or expanded student housing. The lot is the canvas.Offered with CITY-APPROVED expansion plans (Permit B24-13708) adding 4 bedrooms and 2 bathrooms via garage conversion plus nook additions and a new 540 SF carport. Stabilized proforma: 10 rooms, $93,600 gross / 5.75% cap on list. Full architectural plans, structural engineering, and energy compliance forms transfer with the property - approximately $120K in soft costs already paid by seller, eliminating 6-12 months of entitlement work for the buyer.Built 1956, fully renovated. Automatic security gate, fully fenced. Operating expenses remarkably lean. Cash or DSCR loan preferred. Showings by appointment only with 24-hour notice required (tenant-occupied). Pre-listing inspection on hand, available to qualified buyers....
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Home facts
- Year built:1956
- Listing ID #:650694
- Added:134 day(s) ago
- Updated:October 24, 2026 at 03:04 PM
Rooms and interior
- Bedrooms:6
- Kitchen Description:Stove: All units
- Living area:2,016 sq. ft.
Heating and cooling
- Cooling:Central Heat/Cool
Structure and exterior
- Roof:Composition
- Year built:1956
- Building area:2,016 sq. ft.
- Construction Materials:Stucco, Wood Siding
- Foundation Description:Concrete Perimeter
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$815,000
- Price per sq. ft.:$404.27
Parking
- Parking description:Open
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