1625 E Olive Avenue
Fresno, CA 93728
5,210 SF
Lot Size: 23800 sq.ft.
Year Built: 1929
Stories: 1
MLS# MD21127878
Active | Offered at $699,000

Troy Palmquist

DRE# 01772139

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 Théâtre, a 1939 Art Deco masterpiece and national historic landmark designed by S. Charles Lee, the architect of many Hollywood’s 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. Owner can bring in a substantial amount of passive income with this property. 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.

Features & Amenities

Garage Spaces: 6 | Parking Spaces: 6
Listing Provided By
Tracee Chiodo, Keller Williams Property Team/Merced
Based on information from California Regional Multiple Listing Service, Inc. as of December 4, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Sign Up For Updates

Join our mailing list to receive updates and be the first to learn about off-market listings, open houses, exclusive events and market updates.

Connect With Us

Stay connected with us. Click the icons below to follow us on all our social media channels.

Back to Team