581 West Lincoln Avenue

Clovis, CA 93612

$3,250,000
Last Sold Price
50
Beds
46
Baths
23,164 Sq. Ft.
$140 / Sq. Ft.
23,164
Sq. Ft.
$140
per Sq. Ft.

Description

The Clovis Portfolio consists of two properties, The Lincoln built in 1987 and Alder built in1964. This offers a savvy long-term investor the opportunity to purchase an asset in thecity of Clovis, one of California's most sought-after community. Below Market Rents: The market rents at both properties are below area comps. Our RentSurvey reveals at least another 35 cents per square foot is available with no additionalupgrades. Value-Add Opportunity: With upgrades, the future owner can achieve rent...The Clovis Portfolio consists of two properties, The Lincoln built in 1987 and Alder built in1964. This offers a savvy long-term investor the opportunity to purchase an asset in thecity of Clovis, one of California's most sought-after community. Below Market Rents: The market rents at both properties are below area comps. Our RentSurvey reveals at least another 35 cents per square foot is available with no additionalupgrades. Value-Add Opportunity: With upgrades, the future owner can achieve rent premiums asmuch as $50.00 to $100.00 per month. Access to Major Employment and Education Centers: The Clovis Portfolio is just eastof California State University- Fresno. To the south is freeway 168.
  1. Listed by Brendan L Kane • DRE #01976828 • Brendan Kane Real Estate

Property Details for 581 West Lincoln Avenue

Garage Spaces
6
Garage Type
Attached
Cross Street Address
Barstow
LISTING UPDATED: 02/11/2025 10:04 AM

Property Details for 581 West Lincoln Avenue

StatusSold
MLS #618527
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 16 Units & More
Year Built1987
Lot Size0.92 AC / 40,075 SF
CountyFresno County

Building Information for 581 West Lincoln Avenue

Stories-Residences27Year Built1987Building Size-Lot Size0.92 AC / 40,075 SF

Property Information for 581 West Lincoln Avenue

Summary
Location and General Information
  • Region: Urban
  • Directions: Head north on N. Fresno Street toward W. Olive Avenue. Turn right onto W. Olive Avenue. Turn left onto N. Blackstone Avenue. Turn right onto W. Shaw Avenue. Turn left onto N. Peac Turn left onto W. Lincoln Avenue.
  • Census Tract: .00
School Information
  • School Name 1: Clovis
  • School Name 2: Clark
  • School Name 3: Cedarwood
  • School Type 1: High School
  • School Type 2: Junior High School
  • School Type 3: Grade School
Parking
  • Additional Parking: Carport, Uncovered
Taxes and HOA Information
  • Association: Fresno MLS
Lot Information
  • Square Footage Source: Seller
  • APN: 42014114
  • Lot Measurement: Acres
  • Lot Size Source: (Seller)
  • Multiple Listing Service: Fresno Multiple Listing System
Property
Property and Assessments
  • REO/Bank Owned: No
  • FIPS Code: 19
  • Age: 0
  • Documents Available: Pest, Profit & Loss, Cash Flow Analysis
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Total Buildings: 4
  • Stories: Multi/Split
Utilities
  • Gas & Electric: Public Utilities
  • Sewer/Water: Public Water
Interior and Exterior Features
Exterior Features
  • Exterior: Wood, Brick
  • Foundation: Both
  • Roofing: Composition
Interior Features
  • Heat/Cool: Central Heat/Cool
  • Fireplace: None
Multi Family
Income & Expenses Information
  • Annual Expense: $150,034.00
  • Annual Income: $500,800.00
  • Expenses Include: Management, Gardener, Maintenance/Repair, Insurance, Accounting/Legal, License/Ads, Taxes
  • Income Includes: Unit Rent, Laundry
  • Net Income: $350,766.00
  • Total Units: 27
Unit 1 Information
  • Unit Number: 0
  • Unit Description: 1 Bedroom 1 Bathroom
  • Square Feet: 826
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 4
  • Rent: $1,350.00
Unit 2 Information
  • Unit Number: 1
  • Unit Description: 2 Bedroom 1 Bathroom
  • Square Feet: 826
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $.00
Unit 3 Information
  • Unit Number: 2
  • Unit Description: 2 Bedroom 2 Bathroom
  • Square Feet: 826
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 13
  • Rent: $1,650.00
Unit 4 Information
  • Unit Number: 3
  • Unit Description: 2 Bedroom 2 Bathroom
  • Square Feet: 969
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 5
  • Rent: $.00
Unit 5 Information
  • Unit Number: 4
  • Unit Description: 2 Bed House
  • Square Feet: 1400
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 1
  • Rent: $.00
Rental
Rental Information
  • Tenant Pays: All Utilities
  • Lease Type: Net

Property History for 581 West Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 581 West Lincoln Avenue

This home is within Clovis Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Weldon Elementary School
PublicK to 6

Clark Intermediate School
Public7 to 8

Clovis High School
Public9 to 12

Clovis Global Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brendan Kane Real Estate

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.