NOT LISTED FOR SALE

1939 E Simpson Ave Fresno, CA 93703

McLane Neighborhood
5 Beds
4 Baths
2,538 Sq Ft
8,282 Sq Ft Lot

Sale Details

Date Sold: July 10, 2023

Last sale price $430,000 $169 Per Sq Ft

14 Days on Market

Highlights

  • Second Dishwasher
  • Wood Siding
  • Heating Available

About This Home

As of July 2023

4-unit complex with immense value-add potential. Unit mix, comprising of one 2-bedroom, 1-bathroom, with bonus room unit, and three 1-bedroom, 1-bathroom units. With an on-site laundry room, this complex provides added convenience for tenants.Currently, the 2-bedroom unit is undergoing the final stages of the permitting process, with approved plans ready for implementation. This presents an exciting chance to increase the property's value and rental income.Priced to sell in its current AS-IS condition, this complex represents an incredible opportunity for savvy investors. Buyer to be responsible for completing the permit process. As a courtesy to the existing tenants, we kindly request that you refrain from disturbing them. Their privacy and comfort are of utmost importance.Don't miss out on this exceptional opportunity to acquire a 4-unit complex with value-add potential. Agents please read remarks.

Last Agent to Sell the Property

Roy Cordova

Fresno Income Properties License #01944933 Listed on: 06/12/2023

Last Buyer's Agent

Nonmember Nonmember

Nonmember

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 8,282 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

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

Kitchen

  • Second Stove
  • Second Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • 4 Units
  • Gross Income $45,000

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

8,282 Sq Ft Lot

Listing Details

  • Type: Multi Family
  • Property Sub Type: Quadruplex
  • Price Per Square Foot: 169.42
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1952

Interior Features

  • Dishwasher: More than One unit
  • Disposal: More than One Unit
  • Fireplace: None
  • Refrigerator: More than One Unit
  • Stove: More than One unit
  • Bathrooms: 4.00
  • Bedrooms: 5
  • Square Footage: 2538.00

Exterior Features

  • Roofing: Composition
  • Exterior: Wood
  • Foundation: Both

Garage/Parking

  • Additional Parking: Uncovered

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: 0.1901
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 8282.00
  • Price Per Acre: 2261967.39

Building Info

  • Year Built: 1952

Rental Info

  • TenantPays: Electricity, Gas, Cable TV

Multi Family

  • Annual Income: 45000.00
  • IncomeIncludes: Laundry, Month to Month, Lease, Both
  • Total Units: 4

MLS Schools

  • School District 2: Fresno Unified

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
Jun 12, 2023
Closed on
Jul 3, 2023
Sold by
Bought by
Seller's Agent
Roy Cordova
Fresno Income Properties
Buyer's Agent
Nonmember Nonmember
Nonmember
List Price
$420,000
Sold Price
$430,000
Premium/Discount to List
$10,000
2.38%
Views
178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,500
Interest Rate
0.0657%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2019
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
$205,500
Interest Rate
0.041%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2015
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
$138,750
Interest Rate
0.0373%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2014
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
$130,000
Interest Rate
0.0432%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2013
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
$146,250
Interest Rate
0.0332%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 12, 2008
Sold by
Bought by

Purchase Details

Closed on
May 24, 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
$332,000
Interest Rate
0.0525%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 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
$332,000
Interest Rate
0.0525%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 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
$1,100,000
Interest Rate
0.0537%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
-- Placer Title Company
$430,000 Placer Title Company
$274,000 Placer Title Company
$185,000 Chicago Title Company
-- None Available
$162,500 Stewart Title Of Ca Inc
-- None Available
$415,000 Fidelity National Title Co
$316,000 Fidelity National Title Co
-- Fidelity National 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 $290,000
Closed $279,500
Closed $280,000
Closed $205,500
Closed $138,750
Closed $311,909
Closed $130,000
Closed $146,250
Closed $332,000
Closed $237,000
Closed $1,100,000
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
07/10/2023 07/10/23 Sold $430,000 0.0% $169 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/23/2023 06/23/23 Off Market $430,000 -- --
06/12/2023 06/12/23 For Sale $420,000 -- $165 / 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 $5,731 $438,600 $48,960 $389,640
2023 $5,514 $293,780 $42,886 $250,894
2022 $3,738 $288,021 $42,046 $245,975
2021 $3,637 $282,374 $41,222 $241,152
2020 $3,621 $279,480 $40,800 $238,680
2019 $2,514 $196,321 $35,019 $161,302
2018 $2,461 $192,473 $34,333 $158,140
2017 $2,419 $188,700 $33,660 $155,040
2016 $2,341 $185,000 $33,000 $152,000
2015 $2,103 $165,746 $25,499 $140,247
2014 $2,066 $163,237 $25,113 $138,124
Source: Public Records

Agents Affiliated with this Home

  • Roy Cordova

    Seller's Agent in 2023

    Roy Cordova

    Fresno Income Properties

    (559) 317-4380

    6 in this area

    67 Total Sales

    Roy Cordova
    Section Image

  • N

    Buyer's Agent in 2023

    Nonmember Nonmember

    Nonmember

See All Agents

Map

Source: Fresno MLS

MLS Number: 595693

Fresno MLS
California Fresno County Fresno 93703 McLane

1939 E Simpson Ave, Fresno, CA

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