The Chateau San Jose apartment complex in Fresno has been sold by a private, local investor. Apartments.com photo

A California family office has acquired the 47-unit Chateau San Jose apartments in northwest Fresno for $8.15 million. The buyer was represented by Robin Kane and Brendan Kane of Northmarq’s Fresno-based Multifamily Investment Sales team. 

Northmarq announced the sale on June 26. 

The property, located at 140 W. San Jose Ave., was sold by a Fresno-based private investor represented by Brett Fugman of Fortune Associates. 

Chateau San Jose was built in 1986. The one-story community offers a value-add opportunity in one of Fresno’s strongest rental submarkets, Robin Kane said.

“Our client was looking for a value-add opportunity in a strong location with a solid unit mix. Chateau checked all the boxes,” Kane said. 

Kane noted the buyer came in with non-refundable funds on day one and secured financing quickly, resulting in a clean transaction. The deal came together through his industry connections, as he identified the property as a suitable fit for the family office’s acquisition timeline.

Located at the end of a cul-de-sac in Fresno’s Fig Garden area, Chateau San Jose offers access to major employment centers, retail corridors and top-rated schools. 

Kane described the area as the second-most desirable multifamily submarket in Fresno, behind only Woodward Park.

Community amenities include laundry facilities, a clubhouse, controlled access parking, a grill and a picnic area. 

The average square footage ranges from 417 square feet for studios to 1,480 square feet for four-bedroom units.