Listed by Northmarq - Walnut Creek, Visintainer Group
$37,900,000
Casa Del Rey Apartment Homes
Details
APN 418-021-11-0
Property Type Multifamily
Sub Type Apartment Building
Square Footage 215,245
Units 244
Tenancy Multi
Price per SqFt $176
Class B
Year Built 1972
Buildings 21
Stories 2
Acreage 16.500
Parking Spaces 500 spaces
Parking per 1,000 SqFt 2.32
Investment Type Value Add
Sale Condition For sale by owner
Multifamily | 244 Units in Fresno, CA | Significant Upside
Marketing description
Casa Del Rey Apartments presents a 244-unit multifamily acquisition in a high-demand Fresno submarket supported by strong demographics. Recent capital improvements have largely been completed, positioning an investor to capture immediate rental upside by marking rents to market with minimal additional capital.
For full OM, visit: www.casadelreyapartmenthomes.com
Investment highlights
- Centrally Located: Situated in the heart of Fresno, just minutes from Fresno State, Highway 41, and both Fashion Fair and Riverpark malls.
- Significant Upside: With rents below market, the property offers a compelling opportunity to acquire at an attractive basis and meaningfully grow income over time.
- Attractive Unit: Mix At 74% two-bedroom and 26% one-bedroom, the mix favors high-demand floor plans that command strong rents per square foot.
- Desirable Layout: Two-story, garden-style buildings, spacious internal roadways, and resort-style amenities combine to give the community an inviting, neighborhood feel.
- Recent Capital Improvements: Ownership has completed extensive updates, including new paint and significant portion of roofs being recently replaced, leaving incoming investors minimal work to capture the remaining loss to lease.
Listing Contacts
Listed by Northmarq - Walnut Creek, Visintainer Group
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Zoning
RM-1 ResidentialMulti FamilyResidential Multifamily Medium High Density
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View all 44 uses Last updated Apr 30, 2026 For deeper zoning details, reports are available at Zoneomics
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