3940 E Burns Ave | Image 1
New
3940 E Burns Ave | Image 2
3940 E Burns Ave | Image 3
3940 E Burns Ave | Image 4
3940 E Burns Ave | Image 5
3940 E Burns Ave | Image 6
3940 E Burns Ave | Image 7

$1,175,000

For Sale

8 hours ago

3940 E Burns Ave, Fresno, CA

House

MLS® 647009

16 Bed

0 Bath

5400 sqft

--

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 5400 sqft
Garage 
Taxes 
Days Active 0
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&#8209;Unit Multifamily Investment Opportunity<br>Stabilized Income. Modern Upgrades. Strong Rental Demand. Brand New Roof.<br>This eight&#8209;unit multifamily asset offers a fully 2 Bedroom, 1 Bath, a consistently high&#8209;demand configuration in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean, uniform presentation across the property.<br><br>The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in&#8209;place rents. This is a stabilized, income&#8209;producing asset with clear upside through continued modernization of legacy units.<div><br></div><div>Unit Mix & Interior Condition:</div><div><br>Unit 1: $1, 050, Fresh interior paint<br><br>Unit 2: $1, 050, New flooring, Clean interior profile.<br><br>Unit 3: $1, 200, </div><div>New flooring, <br>Fully remodeled kitchen with granite and new cabinets, <br>New bathroom.<br><br>Unit 4: $1, 175<br>New bathroom, <br>New flooring, <br>New stove.<br><br>Unit 5: $1, 250<br>Full renovation completed one year ago, <br>Modern kitchen, bath, flooring, and finishes.<br><br>Unit 6: $1, 541<br> No interior upgrades, <br> New windows, <br> New paint, <br> New stove.<br><br>Second Building (Units 7 & 8)<br>Unit 7: $1, 090<br><br>Unit 8: $1, 025<br> New bathroom, <br> New kitchen with cabinets, granite, and stove.<br> New flooring and new paint.</div><div><br></div><div>Financial Summary<br>Total Monthly Income: $9, 381<br>Total Annual Income: $112, 572</div><div><br></div><div>Operating Expenses (Annual)<br>Insurance: $4, 700<br>Water/Sewer: $3, 000<br>Trash: $2, 800<br>Electric & Gas (Common): $900<br>Garden Care: $600<br>Pest Control: $600</div><div><br></div><div>Investment Highlights:<br>All units are 2 bed / 1 bath, the strongest rental configuration in this submarket.<br><br>Uniform interior paint across all eight units within the last year.<br><br>Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms.<br><br>Stabilized rent roll with strong in&#8209;place income at $9, 190/month.<br><br>Clear value&#8209;add runway through modernization of legacy units.<br><br>Attractive pairing opportunity with the adjacent 6&#8209;unit property, enabling a 14&#8209;unit portfolio on one block.<br><br>This eight&#8209;unit asset is ideal for investors seeking a stabilized, income&#8209;producing property with a balanced mix of renovated units and value&#8209;add potential. With strong rents, clean interiors, and a proven upgrade path, the next owner steps into a property with both immediate cash flow and long&#8209;term upside.<br>2452 S 9th St. Fresno CA 93725 - 6 Units, also for Sale Next Door $825, 000.00</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
  • Commute

Commute

Starting Address
Destination Address
3940 E Burns Ave, Fresno, CA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties