Home | Fresno County | Fresno | 93726 | 4563 4563 E Sierra Madre Ave
MLS: ME226077889 | Status: Active | Price: $900,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 2,016 | 0.344 | – |
Fresno State campus-adjacent investment opportunity with substantial value-add upside. Fully renovated turn-key duplex directly across the street from California State University, Fresno (~25,000 students), currently producing $56,160 annual gross rent on a by-the-room student rental model ($780/month per room, 5 of 6 currently leased). The strategic value here is in the entitled redevelopment optionality. Corridor/Center Mixed-Use (CMX) zoning on a 15,000 SF parcel Fresno removed the dwelling-unit density cap in mixed-use zones in 2022, opening the door to additional multifamily in the rear, ground-floor commercial uses targeting the captive student market, or expanded student housing. The lot is the canvas. Offered with CITY-APPROVED expansion plans (Permit B24-13708) adding 4 bedrooms and 2 bathrooms via garage conversion plus nook additions and a new 540 SF carport. Stabilized proforma: 10 rooms, $93,600 gross / 5.31% cap on list. Full architectural plans, structural engineering, and energy compliance forms transfer with the property approximately $120K in soft costs already paid by seller, eliminating 6-12 months of entitlement work for the buyer. Built 1956, fully renovated. Automatic security gate, fully fenced. Operating expenses remarkably lean. Cash or DSCR l
| Field | Value |
|---|---|
| MLS # | ME226077889 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 4 |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Microwave, Oven - Electric |
| Flooring | Laminate |
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Garage, Garage: 0 Car(s) |
| Elementary District | Fresno Unified |
| High School District | Fresno Unified |
| Sewer | Public Sewer |
| HOA Fee | $0 |
| Complex Amenities | Community Security Gate |
| Zoning | CMX |
Christian Ruiz
The Mohan Group
License #: 02231654
Phone: (209) 351-2996
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 2 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 0 | 3 | 1/0 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Vinland Elementary School | public | K-6 | 0.42 mi | 2 |
| Fresno Rop School | public | 9-12 | 1.00 mi | N/A |
| Thomas Elementary School | public | K-6 | 1.01 mi | 3 |
| Tioga Middle School | public | 7-8 | 1.16 mi | 6 |
| Viking Elementary School | public | K-6 | 1.20 mi | 5 |
| Wolters Elementary School | public | K-6 | 1.36 mi | 6 |
| Herbert Hoover High School | public | 9-12 | 1.44 mi | 4 |
| Centennial Elementary School | public | K-6 | 1.57 mi | 5 |
| Erma Duncan Polytechnical High School | public | 9-12 | 1.66 mi | 6 |
| Eaton Elementary School | public | K-6 | 1.72 mi | 6 |
| Ahwahnee Middle School | public | 7-8 | 1.79 mi | 2 |
| Cole Elementary School | public | K-6 | 1.79 mi | 8 |
| Irwin O. Addicott Elementary School | public | K-8 | 1.85 mi | N/A |
| Scandinavian Middle School | public | 7-8 | 1.87 mi | 3 |
| Robinson Elementary School | public | K-6 | 1.87 mi | 5 |
| Holland Elementary School | public | K-6 | 1.91 mi | 4 |
| Pyle Elementary School | public | K-6 | 1.99 mi | 3 |
| Tarpey Elementary School | public | K-6 | 2.05 mi | 5 |
| McCardle Elementary School | public | K-6 | 2.26 mi | 6 |
| McLane High School | public | 9-12 | 2.30 mi | 4 |
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This listing information is up-to-date as of June 18, 2026. For the most current information, please contact Christian Ruiz, (209) 351-2996.