3940 E Burns Ave, Fresno, CA

Name: 3940 E Burns Ave, For Sale in Fresno - Zoocasa
Brand: Universal Realty Services, Inc.
SKU: 647009
Price: 1175000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,175,000

1600

MLS® 647009

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 5400 sqft

Garage

Taxes

Days Active 1

Lot Size

Approx. Age 1963

Avg. Price Per Sqft $217

MLS® Number 647009

Property Address: 3940 E Burns Ave, Fresno, CA, 93725-1464

Average square foot calculated using Size range provided by listing agent.

Description

Eight Unit Multifamily Investment Opportunity. Stabilized Income. Modern Upgrades. Strong Rental Demand. Brand New Roof. This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents. This is a stabilized, income producing asset with clear upside through continued modernization of legacy units. Unit Mix and Interior Condition: Unit 1: $1, 050. Fresh interior paint. Unit 2: $1, 050. New flooring. Clean interior profile. Unit 3: $1, 200. New flooring. Fully remodeled kitchen with granite and new cabinets. New bathroom. Unit 4: $1, 175. New bathroom. New flooring. New stove. Unit 5: $1, 250. Full renovation completed one year ago. Modern kitchen, bath, flooring, and finishes. Unit 6: $1, 541. New windows. New paint. New stove. Second Building (Units 7 and 8): Unit 7: $1, 090.  Unit 8: $1, 025. New bathroom. New kitchen with cabinets, granite, and stove. New flooring and new paint. Financial Summary: Total Monthly Income: $9, 381 Total Annual Income: $112, 572 Operating Expenses (Annual): Insurance: $4, 700 Water and Sewer: $3, 000 Trash: $2, 800 Electric and Gas (Common): $900 Garden Care: $600 Pest Control: $600 Investment Highlights: All units are 2 bed and 1 bath, the strongest rental configuration in this submarket. Uniform interior paint across all eight units within the last year. Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms. Stabilized rent roll with strong in place income. Clear value add runway through modernization of legacy units. Attractive pairing opportunity with the adjacent 6 unit property, enabling a 14 unit portfolio on one block. 2452 S 9th St. Fresno CA 93725 for Sale at $825, 000. <div>This 8 unit asset is ideal for investors seeking a stabilized, income producing property with a balanced mix of renovated units and value add potential.</div>

MLS® Number647009

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1963

Basement

DrivewayCarport, Covered, Open

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 12, 2026List Date

$1,175,000List Price

Map

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