Seller's Agent in 2018
Aram Melikian
Real Broker
(559) 281-4174
9 in this area
84 Total Sales
1340 N Cedar Ave Fresno, CA 93703
McLane Neighborhood
9
Beds
3
Baths
2,706
Sq Ft
7,500
Sq Ft Lot
About This Home
As of April 2018Fully 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.
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2018
Closed on
May 11, 2018
Sold by
Bought by
Seller's Agent
Aram Melikian
Real Broker
Buyer's Agent
Joel Mazmanian
Realty Concepts, Ltd. - Fresno
List Price
$269,000
Sold Price
$269,000
Purchase Details
Listed on
Mar 1, 2018
Closed on
Mar 7, 2018
Sold by
Bought by
Seller's Agent
Aram Melikian
Real Broker
Buyer's Agent
Joel Mazmanian
Realty Concepts, Ltd. - Fresno
List Price
$269,000
Sold Price
$269,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,750
Interest Rate
0.044%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 19, 2015
Closed on
Feb 26, 2016
Sold by
Bought by
Seller's Agent
Sandy Hornocker
HomeSmart PV and Associates
Buyer's Agent
Jesus Valencia
London Executives/referral
List Price
$211,500
Sold Price
$211,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.13%
Purchase Details
Closed on
Nov 22, 2011
Sold by
Bought by
Purchase Details
Closed on
Apr 1, 2010
Sold by
Bought by
Purchase Details
Closed on
Oct 3, 2008
Sold by
Bought by
Purchase Details
Closed on
Jul 11, 2008
Sold by
Bought by
Purchase Details
Closed on
Apr 7, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
0.0645%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 3, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0625%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 25, 2003
Sold by
Bought by
Purchase Details
Closed on
Sep 20, 2000
Sold by
Bought by
Purchase Details
Closed on
Mar 6, 1996
Sold by
Bought by
Purchase Details
Closed on
Jan 13, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| $269,000 | Chicago Title Company | ||
| $211,500 | Old Republic Title Company | ||
| $125,000 | None Available | ||
| $125,500 | Fidelity National Title Co | ||
| $164,000 | Service Link | ||
| $154,000 | None Available | ||
| $390,000 | Chicago Title Company | ||
| $250,000 | Stewart Title Of Fresno Cnty | ||
| -- | -- | ||
| -- | Chicago Title Co | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $201,750 | ||
| Closed | $125,000 | ||
| Closed | $273,000 | ||
| Closed | $200,000 | ||
| Closed | $70,088 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,003 | $306,070 | $29,011 | $277,059 |
| 2023 | $3,851 | $294,187 | $27,886 | $266,301 |
| 2022 | $3,727 | $288,420 | $27,340 | $261,080 |
| 2021 | $3,625 | $282,765 | $26,804 | $255,961 |
| 2020 | $3,610 | $279,867 | $26,530 | $253,337 |
| 2019 | $3,471 | $274,380 | $26,010 | $248,370 |
| 2018 | $2,787 | $220,044 | $24,969 | $195,075 |
| 2017 | $2,740 | $215,730 | $24,480 | $191,250 |
| 2016 | $1,680 | $132,627 | $21,219 | $111,408 |
| 2015 | $1,655 | $130,636 | $20,901 | $109,735 |
| 2014 | $1,620 | $128,078 | $20,492 | $107,586 |
Source: Public Records
Agents Affiliated with this Home
-
Aram Melikian
-
Joel Mazmanian
Buyer's Agent in 2018
Joel Mazmanian
Realty Concepts, Ltd. - Fresno
(559) 213-7557
4 in this area
88 Total Sales
-
Sandy Hornocker
S
Seller's Agent in 2016
Sandy Hornocker
HomeSmart PV and Associates
(559) 908-9496
-
Jesus Valencia
Buyer's Agent in 2016
Jesus Valencia
London Executives/referral
(559) 270-2280
19 Total Sales
Map
Source: Fresno MLS
MLS Number: 498190
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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