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73 Beds
37 Baths
33,744 sqft

$6,250,000

475 N Manila Avenue, Fresno CA, 93727

Price per sqft$185.22
Built in1975
Property size33,744 sqft
Property typeMulti-family

Overview

Active

Listed Aug 13, 2026

Updated Aug 15

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.

$41,581/mo

Est. mortgage payment based on a $6,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
653650

Interior Features

Bedrooms
73
Bathrooms
37
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.56 Acres

Listed by HomeSmart PV and Associates, ,
Listing Contact: 559-389-7777 

All properties are subject to prior sale, change or withdrawal. 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 the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/15/2026 3:08 AM UTC.

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