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Kings View Manor (Senior LIHTC) 949 E Annadale Ave

106 Unit Apartment Building $8,900,000 ($83,962/Unit) 5.76% Cap Rate Fresno, CA 93706

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Investment Highlights

Attractive, Long-term Price-per-Unit of $84,000 in Fresno, CA... 25 Years Left on CTCAC LURA.
46 HCV Section 8 Tenants Currently (44% of Complex / 38% of Rent is subsidized) - Rent Security Through Subsidization (NOT PBS8)

Strong Unit Mix with 51 Two-Bedrooms Units and 55 One-Bedroom Units.

Executive Summary

Ideally situated to offer residents a convenient and vibrant lifestyle. As a senior community for ages 55 and older, it provides easy access to a variety of essential and recreational amenities. The property is just a short drive from the Annadale Shopping Center and Fresno Fashion Fair Mall, where residents can enjoy a wide range of retail stores, dining options, and entertainment venues.

Financials & Rent Rolls
Regulatory Agreement

Financial Summary (Actual - 2024) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	$99,999	$9.99
Vacancy Loss	$99,999	$9.99
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	$99,999
Annual Per SF	$9.99

Vacancy Loss
Annual	$99,999
Annual Per SF	$9.99

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$8,900,000	Building Class	C
Price Per Unit	$83,962	Lot Size	18.04 AC
Sale Type	Investment	Building Size	189,430 SF
Cap Rate	5.76%	Average Occupancy	95%
No. Units	106	No. Stories	2
Property Type	Multifamily	Year Built	1991
Property Subtype	Apartment	Parking Ratio	0.52/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$8,900,000
Price Per Unit	$83,962
Sale Type	Investment
Cap Rate	5.76%
No. Units	106
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	18.04 AC
Building Size	189,430 SF
Average Occupancy	95%
No. Stories	2
Year Built	1991
Parking Ratio	0.52/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.