NOT LISTED FOR SALE

1915 E Simpson Ave Fresno, CA 93703

McLane Neighborhood
4 Beds
4 Baths
2,538 Sq Ft
8,585 Sq Ft Lot

Last Sold July 16, 2019

Last sale price $280,000 $110 Per Sq Ft

146 Days on Market

Highlights

  • Heated Floors
  • Garage
  • Wood Siding

About This Home

As of July 2019

7.9% CAP!! Here's Your opportunity to own 1 of 3, 4 unit complexes (1927 E. Simpson Ave & 2026 E. Hunter Ave) conveniently location in central Fresno off Freeway 41, central bus stop, and walking distance to newly remodeled Manchester Center. Each building consists of 4 identical in size 1bed, 1bath units with 1 car garage. One unit is downstairs while other 3 upstairs. Three of four units have front and back balconies. Rents are very low and in need of adjustment. This turn key investment property won't last long so call an agent today.

Last Agent to Sell the Property

Paul Gestic

Fresno Income Properties License #01376488 Listed on: 01/30/2019

Last Buyer's Agent

Roy Cordova

Fresno Income Properties License #01944933

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 8,585 Sq Ft Lot
  • Front and Back Yard Sprinklers

Home Design

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

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Garage
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window

Community Details

  • 4 Units
  • Gross Income $35,400

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV

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: 110.32
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1952

Interior Features

  • Dishwasher: None
  • Disposal: None
  • Fireplace: None
  • Refrigerator: More than One Unit
  • Stove: All units
  • Bathrooms: 4.00
  • Bedrooms: 4
  • Square Footage: 2538.00

Exterior Features

  • Yard: Sprinkler - Front, Sprinkler - Back, Sprinkler - Auto, Mature Landcsape
  • Roofing: Composition
  • Exterior: Stucco, Wood
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Garage, Uncovered, One Space per Unit

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.1971
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 8585.00
  • Price Per Acre: 1420598.68

Building Info

  • Year Built: 1952

Rental Info

  • TenantPays: Electricity, Gas, Cable TV

Multi Family

  • Annual Income: 35400.00
  • IncomeIncludes: Unit Rent, Month to Month, Lease, Both
  • Total Units: 4

MLS Schools

  • School District: Fresno Unified

Range of Values:

--
Value Increase
--
Percent Increase
--
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
07/16/2019 07/16/19 Sold $280,000 0.0% $110 / Sq Ft
06/25/2019 06/25/19 Pending -- -- --
01/30/2019 01/30/19 For Sale $280,000 +51.4% $110 / Sq Ft
09/29/2015 09/29/15 Sold $185,000 0.0% $73 / Sq Ft View Prior Sale
07/17/2015 07/17/15 Pending -- -- --
07/01/2015 07/01/15 For Sale $185,000 -- $73 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

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 $4,022 $306,215 $43,743 $262,472
2023 $3,870 $294,327 $42,046 $252,281
2022 $3,745 $288,557 $41,222 $247,335
2021 $3,643 $282,900 $40,414 $242,486
2020 $3,628 $280,000 $40,000 $240,000
2019 $2,514 $196,323 $42,448 $153,875
2018 $2,461 $192,474 $41,616 $150,858
2017 $2,567 $188,700 $40,800 $147,900
2016 $2,192 $172,947 $37,135 $135,812
2015 $2,160 $170,350 $36,578 $133,772
2014 $2,027 $160,000 $35,000 $125,000
Source: Public Records

Agents Affiliated with this Home

  • Paul Gestic

    Seller's Agent in 2019

    Paul Gestic

    Fresno Income Properties

    (559) 438-9425

    13 in this area

    136 Total Sales

    Paul Gestic
    Section Image
  • Roy Cordova

    Buyer's Agent in 2019

    Roy Cordova

    Fresno Income Properties

    (559) 317-4380

    6 in this area

    70 Total Sales

    Roy Cordova
    Section Image
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Map

Source: Fresno MLS

MLS Number: 517031

Fresno MLS
California Fresno County Fresno 93703 McLane

1915 E Simpson Ave, Fresno, CA

Not Listed for Sale

MultiFamily

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