19-year-old Ernest Oliver and 18-year-old Raymond Mendoza were both taken into custody on attempted murder charges.
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On Friday, officers were called to the area of Mariposa and E Street, where they found a 47-year-old man unresponsive.
Surveillance video taken from a nearby business allegedly showed the suspects beating the victim with a large metal object before running away.
Oliver and Mendoza were arrested at a nearby apartment complex.
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Both suspects were later booked into the Fresno County Jail for attempted murder.
The victim was taken to the hospital where he is still receiving treatment for his injuries.
A motive for the attack is still under investigation.