4840 East University Avenue

Fresno, CA 93703

$628,000
Price
8
Beds
4.5
Baths
3,722 Sq. Ft.
$169 / Sq. Ft.
3,722
Sq. Ft.
$169
per Sq. Ft.

Description

Fully occupied turnkey FOURPLEX! Three of the units are 2 bedrooms and 1 bathroom and have been renovated within the past 2 years, one unit has an extra half bathroom. Each unit has a single car garage and is separately metered for PG&E. Landlord is responsible for the City of Fresno utilities which include water, sewer, and trash. Laundry room is currently not in use but has all hook ups for washer and dryer to potentially generate additional income. Roof was last replaced approximately 15 years...Fully occupied turnkey FOURPLEX! Three of the units are 2 bedrooms and 1 bathroom and have been renovated within the past 2 years, one unit has an extra half bathroom. Each unit has a single car garage and is separately metered for PG&E. Landlord is responsible for the City of Fresno utilities which include water, sewer, and trash. Laundry room is currently not in use but has all hook ups for washer and dryer to potentially generate additional income. Roof was last replaced approximately 15 years ago and one of the HVAC units was recently replaced. Current scheduled gross rents total $5,690/month. At asking, property performs at a 9.2 GRM and approximately 8.17% cap rate. Please DO NOT walk the grounds or disturb tenants, write offers subject to interior inspections.
  1. Listed by Jeffrey Kim • DRE #01456017 • Jin Jeffrey Kim, Broker

Property Details for 4840 East University Avenue

Garage Spaces
4
Garage Type
Attached
Cross Street Address
Chestnut
LISTING UPDATED: 12/17/2024 01:21 PM

Property Details for 4840 East University Avenue

StatusActive
MLS #622725
Days on MarketListed Today
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Quadruplex
Year Built1969
Lot Size0.14 AC / 6,000 SF
CountyFresno County

Building Information for 4840 East University Avenue

Stories-Residences4Year Built1969Building Size-Lot Size0.14 AC / 6,000 SF

Property Information for 4840 East University Avenue

Summary
Location and General Information
  • Region: Suburban
  • Directions: McKinley, north on Chestnut, east on University, PIQ on southside of the street
  • Census Tract: .00
School Information
  • School Name 1: McLane
  • School Name 2: Scandinavian
  • School Name 3: Ericson
  • School Type 1: High School
  • School Type 2: Junior High School
  • School Type 3: Grade School
Parking
  • Additional Parking: Garage
Taxes and HOA Information
  • Association: Fresno MLS
Lot Information
  • Square Footage Source: Tax Records
  • APN: 49416005
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Records)
  • Multiple Listing Service: Fresno Multiple Listing System
Property
Property and Assessments
  • REO/Bank Owned: No
  • FIPS Code: 19
  • Age: 0
  • Property Disclaimer: Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
  • Total Buildings: 0
  • Stories: Two
Utilities
  • Gas & Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Stucco
  • Foundation: Concrete Perimeter
  • Roofing: Composition
Interior Features
  • Heat/Cool: Central Heat/Cool
  • Fireplace: None
Multi Family
Income & Expenses Information
  • Annual Expense: $.00
  • Annual Income: $68,280.00
  • Expenses Include: Maintenance/Repair, Insurance, Water, Sewer, Taxes
  • Income Includes: Unit Rent
  • Net Income: $51,333.00
  • Total Units: 4
Unit 1 Information
  • Unit Number: 0
  • Unit Description: 101
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $1,115.00
Unit 2 Information
  • Unit Number: 1
  • Unit Description: 102
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $1,550.00
Unit 3 Information
  • Unit Number: 2
  • Unit Description: 201
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $1,450.00
Unit 4 Information
  • Unit Number: 3
  • Unit Description: 202
  • Square Feet: 0
  • Rooms: 0
  • Bathrooms: .00
  • Identical Units: 0
  • Rent: $1,575.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas
  • Lease Type: Net

Property History for 4840 East University Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4840 East University Avenue

Taxable ValueLand$33,464Additions$295,611Total$329,075
Tax Record2024$4,224 ($352 / month)
Home Facts
Total Finished SqFt3,722 SqFtAbove Grade Finished SqFt3,722 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969ZoningRM1CountyFRESNOAPN494-160-05Fireplace TypeHas Fireplace

Schools near 4840 East University Avenue

This home is within Fresno Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Ericson Elementary School
PublicK to 6

Scandinavian Middle School
Public7 to 8

Mclane High School
Public9 to 12

Sierra Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4840 East University Avenue is a multi-family home for sale in Fresno, CA 93703. This property was listed for sale on December 17, 2024 by Jin Jeffrey Kim, Broker, it's currently listed at $628,000. It has been on the market for a total of 0 days and was last sold on November 21, 2017. This listing's school districts are Fresno Unified School District, Fresno County Office Of Education School District. Nearby schools include Ericson Elementary School, Scandinavian Middle School and Mclane High School. 4840 East University Avenue is a 8-bed, 4.5-bath, 3,722 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jin Jeffrey Kim, Broker

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.