La Casa Feliz Rental Condominiums

11-19-2022
11-28-2022

5360 N First St, Fresno, CA 93710

The Mogharebi Group is pleased to present the opportunity to acquire La Casa Feliz, a 48-unit multifamily community located in the highly desirable northeast sector of Fresno, California. 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.

La Casa Feliz is located within a four 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. The community is within 2 miles of the medical corridor, including St. Agnes Medical Center, a significant employer in the City of Fresno. It 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.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 8,500,000
No. of Units
48
Year Built
1970
Building Size
66,096 Sq ft
Lot Size
7.69 acres
No. of Stories
2
APN
418-040-29
Opportunity Zone
No
Price per unit
$ 177,083
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