$490,000
SOLD APR 1, 2025

1903 E Simpson Ave Fresno, CA 93703

McLane Neighborhood
4 Beds
4 Baths
2,538 Sq Ft
8,540 Sq Ft Lot

Recently Sold

$193 Per Sq Ft

5% Below List Price

2 Days on Market

Highlights

  • Heated Floors
  • Refrigerated and Evaporative Cooling System
  • Wood Siding
  • Corner Lot
  • Garage

About This Home

As of April 2025

Discover an exceptional investment opportunity! Rare fully occupied 4-Plex each w/ individual large garages & parking for 2 cars situated on a corner lot directly across from the bustling Manchester Shopping Mall. Perfectly positioned near key amenities including Starbucks, the 41 Freeway, and a cinema, this property guarantees high visibility and easy access, making it a lucrative addition to any real estate portfolio. All units are 1bedroom & 1bathroom with a garage. 3 units located above garages and 1 unit ground level. Convenient access to the 41 Freeway facilitates quick commutes to surrounding areas, enhancing the property's appeal to potential tenants. Residents can enjoy a variety of shopping and dining options with the Manchester Mall just steps away, ensuring high demand for rental units. The area boasts a diverse population with a strong rental market, ideal for long-term investment. Seller installed new roof w/ 10 yr. warranty for half of bldg.($8200). Currently leased w/$47,052 gross per yr. (2 units pay $1K, 1 unit $1250 and 1 section 8 @ $671 waiting to increase @$1250 w/new owner) $60K gross potential. Tenant pays utilities and landlord pays $325 water.Please do not walk the grounds or disturb the tenants. Seize the chance to invest in a premium, fully occupied 4-Plex with excellent growth potential. This property is poised for long-term profitability in a location that combines convenience and accessibility.

Last Agent to Sell the Property

Ann Lee

HomeSmart PV and Associates License #01475485 Listed on: 02/25/2025

HomeSmart PV and Associates

Last Buyer's Agent

Na Landseadal

Rod Aluisi Real Estate License #01799795

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 8,540 Sq Ft Lot
  • Corner Lot

Parking

  • Garage

Home Design

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

Interior Spaces

  • 2,538 Sq Ft Home
  • 2-Story Property
  • Heated Floors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Refrigerated and Evaporative Cooling System
  • Cooling System Mounted To A Wall/Window

Community Details

  • 4 Units
  • Gross Income $47,052

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: Quadruplex
  • Price Per Square Foot: 193.07
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1952

Interior Features

  • Disposal: All units
  • Fireplace: None
  • Refrigerator: All Units
  • Stove: All units
  • Bathrooms: 4.00
  • Bedrooms: 4
  • Square Footage: 2538.00

Exterior Features

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

Garage/Parking

  • Additional Parking: Garage

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water
  • Heat/Cool: Evaporative, Floor or Wall Heat, Window or Wall A/C

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Corner

Lot Info

  • Acres: 0.1961
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 8540.00
  • Price Per Acre: 2498725.14

Building Info

  • Year Built: 1952

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 47052.00
  • IncomeIncludes: Unit Rent, Lease
  • Total Units: 4

MLS Schools

  • School District 2: Fresno Unified

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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
04/01/2025 04/01/25 Sold $490,000 -5.4% $193 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
02/25/2025 02/25/25 For Sale $518,000 +29.8% $204 / Sq Ft
08/27/2021 08/27/21 Sold $399,000 -0.2% $157 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $399,950 -- $158 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ann Lee

    Seller's Agent in 2025

    Ann Lee

    HomeSmart PV and Associates

    (559) 999-4266

    Ann Lee
    Section Image
  • Na Landseadal

    Buyer's Agent in 2025

    Na Landseadal

    Rod Aluisi Real Estate

    (559) 304-5044

    5 in this area

    75 Total Sales

    Na Landseadal
    Section Image
  • Paul Gestic

    Seller's Agent in 2021

    Paul Gestic

    Fresno Income Properties

    (559) 438-9425

    12 in this area

    148 Total Sales

    Paul Gestic
    Section Image

  • J

    Buyer's Agent in 2021

    Joshua Cho

    Universal Realty

See All Agents

Map

Source: Fresno MLS

MLS Number: 625895

Fresno MLS

California Fresno County Fresno 93703 McLane

1903 E Simpson Ave, Fresno, CA

This home is located at 1903 E Simpson Ave, Fresno, CA 93703 and is currently priced at $490,000, approximately $193 per square foot. This property was built in 1952. 1903 E Simpson Ave is a home located in Fresno County with nearby schools including Birney 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.

Fresno MLS 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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