NOT LISTED FOR SALE

1340 N Cedar Ave Fresno, CA 93703

McLane Neighborhood
9 Beds
3 Baths
2,706 Sq Ft
7,500 Sq Ft Lot

Last Sold April 06, 2018

Last sale price $269,000 $99 Per Sq Ft

2 Days on Market

About This Home

As of April 2018

Fully 100% Occupied, cash flowing Tri-Plex, with an on site laundry facility! Each unit is a 3 Bed 1 Bath with central heating and cooling, and the monthly rents are $850, $850, and $750. This property is fenced with on site covered parking. The owner has spent apprx $30,000 the last 2 years rehabbing the interior of the units, as well as new wood siding, new exterior paint, and treated for drywood termites in February of this year 2018. This property is fresh, and there are 6 newer built multi family properties adjacent to the subject property. The gross annual income is $29,400, the annual expenses are $9,960 (insurance,property taxes,Water/Sewer/Garbage, Misc), and the net annual income is $19,440 (to be verified), giving this property a true 7 CAP! This is a great investment and a clean property. Please, do not disturb tenants. Write offers subject to inspection.

Last Agent to Sell the Property

Aram Melikian

Real Broker License #01891038 Listed on: 03/01/2018

Real Broker

Last Buyer's Agent

Joel Mazmanian

Realty Concepts, Ltd. - Fresno License #01349607

Realty Concepts, Ltd. - Fresno

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,500

Parking

  • Carport

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,706 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Bathrooms

Additional Features

  • 7,500 Sq Ft Lot
  • Central Air

Community Details

  • 3 Units
  • Gross Income $29,400

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: Triplex
  • Property Sub Type 2: Duplex
  • Property Sub Type 3: Quadruplex
  • Price Per Square Foot: 99.41
  • Year Built Exception: 0
  • Stories: Two
  • Leased Equipment: Washer/Dryer (s)
  • Special Features: None
  • Year Built: 1986

Interior Features

  • Fireplace: None
  • Stove: All units
  • Bathrooms: 3.00
  • Bedrooms: 9
  • Facilities: Utility Room
  • Square Footage: 2706.00

Exterior Features

  • Roofing: Composition
  • Exterior: Wood
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
  • Heat/Cool: Central Heat/Cool

Condo/Co-op/Association

  • Association: Fresno MLS

Schools

  • School District: Fresno Unified

Lot Info

  • Acres: 0.1722
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 7500.00
  • Price Per Acre: 1562137.05

Building Info

  • Year Built: 1986

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 29400.00
  • IncomeIncludes: Unit Rent
  • Total Units: 3

MLS Schools

  • School District: Fresno Unified

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2018 04/06/18 Sold $269,000 0.0% $99 / Sq Ft
03/03/2018 03/03/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $269,000 +27.2% $99 / Sq Ft
03/02/2016 03/02/16 Sold $211,500 0.0% $78 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
08/19/2015 08/19/15 For Sale $211,500 -- $78 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Aram Melikian

    Seller's Agent in 2018

    Aram Melikian

    Real Broker

    (559) 281-4174

    8 in this area

    93 Total Sales

    Aram Melikian
    Section Image
  • Joel Mazmanian

    Buyer's Agent in 2018

    Joel Mazmanian

    Realty Concepts, Ltd. - Fresno

    (559) 213-7557

    5 in this area

    93 Total Sales

    Joel Mazmanian
    Section Image

  • S

    Seller's Agent in 2016

    Sandy Hornocker

    HomeSmart PV and Associates

    (559) 908-9496

    Sandy Hornocker
    Section Image
  • Jesus Valencia

    Buyer's Agent in 2016

    Jesus Valencia

    London Executives/referral

    (559) 270-2280

    25 Total Sales

    Jesus Valencia
    Section Image
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Map

Source: Fresno MLS

MLS Number: 498190

Fresno MLS
California Fresno County Fresno 93703 McLane

1340 N Cedar Ave, Fresno, CA

This home is located at 1340 N Cedar Ave, Fresno, CA 93703 since 01 March 2018. This property was built in 1986. 1340 N Cedar Ave is a home located in Fresno County with nearby schools including Norseman Elementary School, Scandinavian Middle School, and Mclane High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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