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New Listing

Kings View Manor

949 E Annadale Ave, Fresno, CA 93706

$8,900,000

Listing Price

106

Units

5.76% / 6.32%

Cap Rate  /  ProForma

1991

Year Built

Investment Highlights

-  106-Unit Senior 55+ LIHTC Community with 25 Year Remaining on LURA  -

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

-  Attractive, Long-term Price-per-Unit of $84,000 in Fresno, CA  -

-  46 HCV Section 8 Tenants Currently (44% of Complex / 38% of Rent is HAP) Provides Rent Above CTCAC Max Rents and Secures Cash Flow Through Subsidization  -

Investment Overview

Marcus and Millichap is proud to present Kings View Manor, located at 949 E Annadale Ave in the Brookhaven neighborhood of Fresno, CA. This 106-unit senior community, catering to residents aged 55 and older, offers a blend of comfort and convenience. Built in 1991, Kings View Manor features 55 one-bedroom apartments, each approximately 400 square feet, and 51 two-bedroom apartments, each approximately 560 square feet. The property consists of a single, well-maintained two-story building, providing residents with a peaceful and supportive living environment.


Kings View Manor, located at 949 E Annadale Ave, Fresno, CA, is 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.


Healthcare needs are well catered for with nearby facilities such as Community Regional Medical Center and Saint Agnes Medical Center, ensuring residents have peace of mind with quality medical care within reach. The community is also close to several parks, including Roosevelt Community Park, offering beautiful green spaces for relaxation and leisure activities. Convenient access to major highways, including Highway 99 and Highway 41, allows for easy travel to downtown Fresno and beyond. Public transportation options, such as local bus routes and the Fresno Amtrak station, further enhance the mobility of residents.


Kings View Manor's strategic location combines the tranquility of a senior community with the vibrancy of nearby retail, healthcare, and recreational facilities, making it an ideal place for seniors to enjoy their golden years.

Offering

Memorandum

Photography

Exclusively Listed by:

Aaron Moayed

Senior Associate

3741 Douglas Boulevard, Suite 200, Roseville, CA 95661

C: (916) 212-9809

O: (916) 724-1324

Fax Number: (916) 269-4050

E: Aaron.Moayed@marcusmillichap.com

License: CA: 02117361

NYSE: MMI

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CONTACT INFORMATION:

Phone:     916-212-9809
Fax:     916-269-4050

contact@themoayedgroup.com

Address:

3741 Douglas Blvd

Ste. 200

Roseville, CA 95661

CONTACT FORM:

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