Northmarq brokers $8.3M sale of 60-unit garden-style community in Fresno, CA

FRESNO, Calif. — Northmarq’s Fresno-based Investment Sales team — led by Robin Kane and Brendan Kane — completed the $8.3 million sale of Casa Blanca Apartments, a multifamily garden apartment community located at 3025-3049 E. Gettysburg Ave. in Fresno, California.

Northmarq represented the seller, Casa Blanca Apt LLC. The buyer was Kamap Property Management.

"The offering attracted multiple offers from a broad array of family offices and high-net-worth investors,” said Robin Kane. “What interested investors was a combination of a good location and substantial updating that had taken place.”

Casa Blanca Apartments comprises 60 spacious two-bedroom units across 10 buildings on 3.53 acres. The property maintains 95% occupancy with a strong tenant base. Over 60% of the units have been renovated with new cabinets, bath and kitchen countertops, bathtub enclosures, and updated light and plumbing fixtures. Residents enjoy amenities including a swimming pool, on-site laundry facilities, garage parking, and individual patios/balconies in a well-maintained, park-like setting.

Located in the desirable Hoover submarket, Casa Blanca benefits from Fresno’s diverse economy, proximity to California State University Fresno, and the transformative High-Speed Rail project. The property is strategically positioned near major retail destinations including River Park Shopping Center, Fashion Fair and Sierra Vista Mall, offering residents convenient access to dining, shopping, entertainment and employment opportunities.