475 N Manila Avenue, Fresno, CA 93727

Fresno
Local realty services provided by:ERA Valley Pro Realty
475 N Manila Avenue,Fresno, CA 93727
$6,250,000
  • 73 Beds
  • - Baths
  • 33,744 sq. ft.
  • Multi-family
  • Active
Listed by: mark chu
Office: homesmart pv and associates
MLS#:653650
Source:CA_FMLS

Price summary

  • Price:$6,250,000
  • Price per sq. ft.:$185.22

About this home

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...

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Home facts

  • Year built:1975
  • Listing ID #:653650
  • Added:2 day(s) ago
  • Updated:August 16, 2026 at 03:05 PM

Rooms and interior

  • Bedrooms:73
  • Living area:33,744 sq. ft.

Heating and cooling

  • Cooling:Central Heat/Cool

Structure and exterior

  • Roof:Composition
  • Year built:1975
  • Building area:33,744 sq. ft.
  • Construction Materials:Stucco
  • Foundation Description:Concrete Perimeter
  • Levels:2 Story

Utilities

  • Water:Public

Finances and disclosures

  • Price:$6,250,000
  • Price per sq. ft.:$185.22

Parking

  • Parking description:Carport, Covered, One Space per Unit
MLS LogoBased on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS)as of (August 16, 2026). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.Properties may or may not be listed by the office/agent presenting theinformation.

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