NOT LISTED FOR SALE

3928 E Olive Ave Fresno, CA 93702

Huntington Neighborhood
24 Beds
16 Baths
7,200 Sq Ft
1985 Built

Last Sold June 16, 2017

Last sale price $480,000 $67 Per Sq Ft

77 Days on Market

Highlights

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

About This Home

As of June 2017

This sale is for 2 fourplexes that are being sold together in a package - 3928 E Olive (APN# 454-051-31) and 3938 E Olive (APN#454-051-32). The two properties share a common driveway and perimeter fence and have essentially been maintained and run as an 8 unit property. All units are 3 bedroom and 2 bath and feature a detached 1 car garage. Currently the property is fully occupied and has a gross monthly income of $5,380. That said, there is seemingly room to increase the monthly income here as the three most recently occupied units were rented for $750, $750 and $890 per month. At $60k/door for 3 bedroom 2 bath units, this property should be a serious consideration for all investors currently in the market for income property.

Last Agent to Sell the Property

Michael Garabedian

London Properties, Ltd. License #01189466 Listed on: 03/23/2017

London Properties, Ltd.

Co-Listed By

Bobby Ward

Keller Williams Fresno License #01350825

Last Buyer's Agent

Michael Garabedian

London Properties, Ltd. License #01189466 Listed on: 03/23/2017

London Properties, Ltd.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Parking

  • Garage

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,200 Sq Ft Home
  • 2-Story Property
  • Heated Floors

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Bathrooms

Utilities

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

Community Details

  • 8 Units
  • Gross Income $72,000

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 66.67
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1985

Interior Features

  • Fireplace: None
  • Bathrooms: 16.00
  • Bedrooms: 24
  • Square Footage: 7200.00

Exterior Features

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

Garage/Parking

  • Additional Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Lot Measurement: Square Feet

Building Info

  • Year Built: 1985

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 72000.00
  • IncomeIncludes: Unit Rent
  • Total Units: 8

MLS Schools

  • School District 2: Fresno Unified

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
06/16/2017 06/16/17 Sold $480,000 0.0% $67 / Sq Ft
06/08/2017 06/08/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $480,000 -- $67 / 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 $3,664 $278,533 $29,011 $249,522
2023 $3,526 $267,720 $27,886 $239,834
2022 $3,413 $262,472 $27,340 $235,132
2021 $3,320 $257,326 $26,804 $230,522
2020 $3,306 $254,689 $26,530 $228,159
2019 $3,180 $249,696 $26,010 $223,686
2018 $3,112 $244,800 $25,500 $219,300
2017 $2,051 $159,197 $20,259 $138,938
2016 $1,985 $156,076 $19,862 $136,214
2015 $1,955 $153,732 $19,564 $134,168
2014 $1,912 $150,721 $19,181 $131,540
Source: Public Records

Agents Affiliated with this Home

  • Michael Garabedian

    Seller's Agent in 2017

    Michael Garabedian

    London Properties, Ltd.

    (559) 436-4065

    4 in this area

    57 Total Sales

    Michael Garabedian
    Section Image

  • B

    Seller Co-Listing Agent in 2017

    Bobby Ward

    Keller Williams Fresno

See All Agents

Map

Source: Fresno MLS

MLS Number: 479462

Fresno MLS
California Fresno County Fresno 93702 Huntington

3928 E Olive Ave, Fresno, CA

Not Listed for Sale

MultiFamily

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