Value-Add Opportunity

Property Description

Located just one mile from Fresno State University and Fashion Fair Mall, 1348 E San Bruno Avenue is a 1966-built, two-story garden-style multifamily complex offering a rare value-add opportunity in the heart of the Hoover neighborhood of north Fresno. The property features approximately 11,040 sq ft of improvements on a 16,000 sq ft lot, with gated access, covered parking, on-site laundry, and strong rental demand driven by nearby employment, retail, and higher education. The community is currently configured as 15 units, historically reported as a mix of 1-bedroom/1-bath, 2-bedroom/1-bath, and 4-bedroom/2-bath floor plans, providing a flexible unit mix that appeals to students, small families, and workforce tenants alike. Several units in the complex and surrounding buildings have been refurbished with updated flooring, paint, cabinets, counters, fixtures, and modern heating and cooling, showcasing the upside potential for an investor to continue repositioning the asset and push rents to market.Situated in the Fresno Unified School District and surrounded by major arterials, shopping, dining, and public transit, the property benefits from high occupancy in the submarket and a deep tenant pool seeking well-located housing close to campus and amenities. With demonstrated historical sale activity and strong fundamentals for small and mid-sized multifamily in this corridor, 1348 E San Bruno Avenue offers an investor the opportunity to acquire a well-located asset with significant room for rent growth through renovation, improved management, and strategic repositioning.