La Hacienda 5145 E Lane Ave

** PRICE CHANGE*** Northmarq is pleased to announce that it has been retained as the exclusive listing agent for the sale of the La Hacienda Condo Portfolio, a collection of 17 units located within a Condominium Community located in the Sunnyside submarket in Fresno, California. This property provides the right investor an opportunity to acquire a turnkey asset in one of the nation’s hottest submarkets.
100% OCCUPIED WITH RENTAL UPSIDE
The Portfolio 100% occupied, providing investors an opportunity to enhance yield in the near term with a slight rental increase and full recovery of loss-to-lease. Currently, there is a in-place loss-to-lease of 3.4%.
ATTRACTIVE UNIT MIX OF 2 BEDROOM UNITS WITH WASHER / DRYER HOOKUPS AND AN AVERAGE SQUARE FOOTAGE OF 883 SF
The Portfolio features 10 two bedroom / One Bath units at 819 Square feet, 5 two bedroom two bath units at 912 square feet, 1 three bedroom one bath unit at 1000 square feet and a three bedroom two bath unit at 1,250 square feet. Average size is 883 square feet. The units features in-unit washer / dryers and hookups, garages, patios/balconies and ample storage.
LA HACIENDA COMMUNITY FEATURES
There are two sparkling pools, fitness center and controlled access.
MINUTES TO FRESNO PACIFIC UNIVERSITY & CENTRAL BUSINESS DISTRICT
Near multiple shopping centers and HWY 180 with easy access to junction to HWY 168 and 41
LONG-TERM OWNER
The current owner has owned the units since 2004.
GROWING LOGISTICS HUB
Led by Amazon, the Central Valley is rapidly becoming a prime distribution and logistics HUB for the Western US. Due to Fresno’s location in the middle of the Valley it is primed to continue to benefit from this trend with strong job growth.