La Casa Feliz
5360 North First Street
Fresno,
CA 93710
48 Units
Property Summary
| Price | $8,500,000 |
| Units | 48 |
| Year Built | 1970 |
| Rentable SF | 62,400 |
Investment Highlights
- Value-Add Opportunity
- Highly Desirable Unit Mix with Large Floorplans
- Upside Potential with RUBS Implementation
- Located in a Qualified Opportunity Zone
- Proximity to Higher Education
- Excellent Visibility and Freeway Access
Property Description
THE MOGHAREBI GROUP is pleased to present the opportunity to acquire La Casa Feliz, a 48-unit multifamily community located in the city of Fresno, California. Built in 1970, La Casa Feliz is situated on 7.69 acres, and the property is comprised of a one-story rental building that houses a unit mix of 2- and 3-bedroom floorplans ranging from 1,218 to 1,430 square feet. The property boasts 48 attached car garages and 24 surface parking spots, full-sized washer/dryer hookup, covered patios, a pool, and an outdoor picnic area with BBQ.
5360 North First Street
Fresno, CA 93710
Fresno, CA 93710
La Casa Feliz is located within a 4-minute drive to California State University Fresno, and a 15-minute drive to Fresno-Yosemite International Airport. The property also enjoys easy access to Highway 41, which connects residents to the educational, retail, entertainment, dining, and employment centers throughout Fresno and the entire Fresno-Madera region. La Casa Feliz is located on the corner of East Barstow Avenue and North 1st Street, with over 19,430 vehicles per day on North 1st Street, providing the property with high visibility.
Listing Advisors
Robin Kane
Brendan Kane
Based on this listing
