475 N Manila AVE, Fresno, CA 93727
475 N Manila AVE, Fresno, CA 93727
475 N Manila AVE, Fresno, CA 93727
475 N Manila AVE, Fresno, CA 93727
475 N Manila AVE, Fresno, CA 93727
475 N Manila AVE, Fresno, CA 93727
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Vito Cuttone

Vito Cuttone

+1(559) 355-6969
$ 6,250,000
Est. payment | /mo

73 Beds

37 Baths

33,744 SqFt

Save
$ 6,250,000
Est. payment | /mo
Save

73 Beds

37 Baths

33,744 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 33,744 sqft

Price per Sqft $185

MLS Listing ID 653650

Bedrooms 73

Full Baths 37

HOA Y/N No

Year Built 1975

Lot Size 1.560 Acres

Property Sub-Type Multi Family

Property Description

Vista Del Loma Apartments - 37 units on three Fresno County parcels (APNs 313-291-09, 313-291-05, 313-291-06), built 1972-1975. 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.

Location

State CA

County Fresno

Interior

Cooling Central Heat/Cool

Fireplaces Type None

Exterior

Parking Features Carport, Covered, One Space per Unit

Community Features Pool, Utility Room, On-Site Manager

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Suburban, Sprinkler - Auto

Story 2

Foundation Concrete Perimeter

Water Public

Schools

High Schools Clovis Unified

Fresno MLS
Listed by HomeSmart PV and Associates

Nearby Locations

Vito Cuttone

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 355-6969

vito@cuttonegroup.com

5380 N Fresno St, Fresno, California, 93710, USA

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475 N Manila AVE