5860 Santa Ana Ave Fresno, CA 93722

Exceptional investment opportunity in Fresno, California, featuring Casa Di Fortuna, a thriving multifamily property situated at 5860 W Santa Ana Ave, 93722. This remarkable offering encompasses 20 existing townhouses, currently 100% leased and generating a substantial average gross monthly income of $45,000. The existing units are comprised of four duplex buildings, each featuring three bedrooms and 2.5 bathrooms, spanning 1,180 square feet, and three fourplex buildings offering a mix of two-bedroom, 2.5-bathroom units in two sizes: 1,062 and 1,018 square feet. The property also includes approximately 6.61 acres of fully entitled, construction-ready land with existing infrastructure improvements, including water, sewer, storm, and utility stubs to all phases. Detailed plans are in place for an additional 82 units across phases 2-5, offering a significant expansion opportunity. This development potential includes 15 duplexes and 13 fourplexes. An additional 1.6 acres provides access to Shaw Ave. The property consists of 34 parcels, offering flexibility for individual sales. The strategic location just south of Shaw Avenue and west of Freeway 99 ensures convenient access for commuters and proximity to the amenities of west Shaw Avenue and the El Paseo shopping center via Veterans Boulevard. This property presents a unique chance to acquire a high-performing income-generating asset with substantial future growth potential in a market characterized by extremely low vacancy rates (2.9% in Fresno, compared to 4.4% statewide and 6.6% nationally), high renter occupancy (81.9% in Fresno), and strong rental demand. The asking price for this exceptional opportunity is $12,900,000.