$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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 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

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    Ann Lee

    HomeSmart PV and Associates

    Ann Lee
    Section Image
  • Na Landseadal

    Buyer's Agent in 2025

    Na Landseadal

    Rod Aluisi Real Estate

    (559) 304-5044

    5 in this area

    69 Total Sales

    Na Landseadal
    Section Image
  • Paul Gestic

    Seller's Agent in 2021

    Paul Gestic

    Fresno Income Properties

    (559) 438-9425

    13 in this area

    136 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

Sold

MultiFamily

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