A
Seller's Agent in 2025
Ann Lee
HomeSmart PV and Associates
1903 E Simpson Ave Fresno, CA 93703
McLane Neighborhood
4
Beds
4
Baths
2,538
Sq Ft
8,540
Sq Ft Lot
Highlights
- Heated Floors
- Refrigerated and Evaporative Cooling System
- Wood Siding
- Corner Lot
- Garage
About This Home
As of April 2025Discover 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
HomeSmart PV and Associates License #01475485 Listed on: 02/25/2025
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
Tax History
| 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 | $5,535 | $423,420 | $53,060 | $370,360 |
| 2023 | $5,326 | $406,980 | $51,000 | $355,980 |
| 2022 | $5,153 | $399,000 | $50,000 | $349,000 |
| 2021 | $4,042 | $320,000 | $45,000 | $275,000 |
| 2020 | $3,811 | $163,999 | $35,141 | $128,858 |
| 2019 | $2,071 | $160,784 | $34,452 | $126,332 |
| 2018 | $2,027 | $157,632 | $33,777 | $123,855 |
| 2017 | $1,993 | $154,542 | $33,115 | $121,427 |
| 2016 | $1,929 | $151,513 | $32,466 | $119,047 |
| 2015 | $1,900 | $149,238 | $31,979 | $117,259 |
| 2014 | $1,858 | $146,316 | $31,353 | $114,963 |
Source: Public Records
Agents Affiliated with this Home
-
Ann Lee
-
Na Landseadal
Buyer's Agent in 2025
Na Landseadal
Rod Aluisi Real Estate
(559) 304-5044
5 in this area
69 Total Sales
-
Paul Gestic
Seller's Agent in 2021
Paul Gestic
Fresno Income Properties
(559) 438-9425
13 in this area
136 Total Sales
-
J
Buyer's Agent in 2021
Joshua Cho
Universal Realty
Map
Source: Fresno MLS
MLS Number: 625895
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