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    1625 E Olive Avenue

    Fresno, CA 93728
    • $599,000
    • STATUS: CONTINGENT
    • ON SITE: 127 Days
    • ID#: MD21127878
    Under Contract
    UPDATED: 32 min ago
    $599,000
    • 7
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Perfect location in The Historical Tower District! Built in 1930's as a suburb accessible by Fresno's (since retired) streetcars, the luminous Tower District is the city's leading nightlife destination. The Tower District was named for the neon lit Tower Thtre, a 1939 Art Deco masterpiece and national historic landmark designed by S. Charles Lee, the architect of many Hollywoods most famous theaters. Now features the 761- seat Tower Theater for the Performing Arts. Which hosts a busy line up of local and national jazz, rock and comedy concerts, as well as film screenings. Great location for renters & nice income property. Long term loyal tenants. New lease month to month lease agreements are being renewed now with an increase in rent on all of the five units. Close to shopping, downtown. This property has 2 houses and 3 additional units. You can live in one unit and rent and keep the renters in the rest or open up commercial business. Please do not disturb tenants. Offers subjected to visual inspection. Pictures include one of the units. Zoned CMS (commercial main street) intend to preserve the main street character with a store front i.e. daycare, pet store, artist store, bank, small scale entrainment, lodging or hotel, tattoo etc. Perfect location in The Historical Tower District! Built in 1930's as a suburb accessible by Fresno's (since retired) streetcars, the luminous Tower District is the city's leading nightlife destination. The Tower District was named for the neon lit Tower Thtre, a 1939 Art Deco masterpiece and national historic landmark designed by S. Charles Lee, the architect of many Hollywoods most famous theaters. Now features the 761- seat Tower Theater for the Performing Arts. Which hosts a busy line up of local and national jazz, rock and comedy concerts, as well as film screenings. Great location for renters & nice income property. Long term loyal tenants. New lease month to month lease agreements are being renewed now with an increase in rent on all of the five units. Close to shopping, downtown. This property has 2 houses and 3 additional units. You can live in one unit and rent and keep the renters in the rest or open up commercial business. Please do not disturb tenants. Offers subjected to visual inspection. Pictures include one of the units. Zoned CMS (commercial main street) intend to preserve the main street character with a store front i.e. daycare, pet store, artist store, bank, small scale entrainment, lodging or hotel, tattoo etc.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    1625 E Olive Avenue Fresno, CA 93728

    • Price: $599,000
    • Status: CONTINGENT
    • Updated: 32 min ago
    • ID#: MD21127878
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    Neighborhood:
    Fresno (93728)
    County:
    Fresno
    Area:
    Fresno (93728)
    Property Description
    Perfect location in The Historical Tower District! Built in 1930's as a suburb accessible by Fresno's (since retired) streetcars, the luminous Tower District is the city's leading nightlife destination. The Tower District was named for the neon lit Tower Thtre, a 1939 Art Deco masterpiece and national historic landmark designed by S. Charles Lee, the architect of many Hollywoods most famous theaters. Now features the 761- seat Tower Theater for the Performing Arts. Which hosts a busy line up of local and national jazz, rock and comedy concerts, as well as film screenings. Great location for renters & nice income property. Long term loyal tenants. New lease month to month lease agreements are being renewed now with an increase in rent on all of the five units. Close to shopping, downtown. This property has 2 houses and 3 additional units. You can live in one unit and rent and keep the renters in the rest or open up commercial business. Please do not disturb tenants. Offers subjected to visual inspection. Pictures include one of the units. Zoned CMS (commercial main street) intend to preserve the main street character with a store front i.e. daycare, pet store, artist store, bank, small scale entrainment, lodging or hotel, tattoo etc. Perfect location in The Historical Tower District! Built in 1930's as a suburb accessible by Fresno's (since retired) streetcars, the luminous Tower District is the city's leading nightlife destination. The Tower District was named for the neon lit Tower Thtre, a 1939 Art Deco masterpiece and national historic landmark designed by S. Charles Lee, the architect of many Hollywoods most famous theaters. Now features the 761- seat Tower Theater for the Performing Arts. Which hosts a busy line up of local and national jazz, rock and comedy concerts, as well as film screenings. Great location for renters & nice income property. Long term loyal tenants. New lease month to month lease agreements are being renewed now with an increase in rent on all of the five units. Close to shopping, downtown. This property has 2 houses and 3 additional units. You can live in one unit and rent and keep the renters in the rest or open up commercial business. Please do not disturb tenants. Offers subjected to visual inspection. Pictures include one of the units. Zoned CMS (commercial main street) intend to preserve the main street character with a store front i.e. daycare, pet store, artist store, bank, small scale entrainment, lodging or hotel, tattoo etc.
    Exterior Features

    Pool N/K

    Interior Features

    Cooling Central Forced Air Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Annual Expense Actual 0 Buildings 5 Gross Scheduled Income Actual 0 Tenant Pays Cable TvElectricity Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 901.0 Unit2 Rent Actual 901.0 Unit3 Rent Actual 901.0 Unit4 Rent Actual 791.0 Zoning Public Rec

    Listing provided courtesy of Keller Williams Property Team/Merced. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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