3940 E Burns Ave Fresno, CA 93725
Estimated payment $7,362/month
Highlights
- 0.29 Acre Lot
- No HOA
- Laundry Room
About This Home
Eight Unit Multifamily Investment Opportunity. Stabilized Income. Modern Upgrades. Strong Rental Demand. Brand New Roof. This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents. This is a stabilized, income producing asset with clear upside through continued modernization of legacy units. Unit Mix and Interior Condition: Unit 1: $1,050. Fresh interior paint. Unit 2: $1,050. New flooring. Clean interior profile. Unit 3: $1,200. New flooring. Fully remodeled kitchen with granite and new cabinets. New bathroom. Unit 4: $1,175. New bathroom. New flooring. New stove. Unit 5: $1,250. Full renovation completed one year ago. Modern kitchen, bath, flooring, and finishes. Unit 6: $1,541. New windows. New paint. New stove. Second Building (Units 7 and 8): Unit 7: $1,090. Unit 8: $1,025. New bathroom. New kitchen with cabinets, granite, and stove. New flooring and new paint. Financial Summary:
Total Monthly Income: $9,381
Total Annual Income: $112,572 Operating Expenses (Annual):
Insurance: $4,700
Water and Sewer: $3,000
Trash: $2,800
Electric and Gas (Common): $900
Garden Care: $600
Pest Control: $600 Investment Highlights:
All units are 2 bed and 1 bath, the strongest rental configuration in this submarket.
Uniform interior paint across all eight units within the last year.
Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms.
Stabilized rent roll with strong in place income.
Clear value add runway through modernization of legacy units.
Attractive pairing opportunity with the adjacent 6 unit property, enabling a 14 unit portfolio on one block. 2452 S 9th St. Fresno CA 93725 for Sale at $825,000. This 8 unit asset is ideal for investors seeking a stabilized, income producing property with a balanced mix of renovated units and value add potential.
Listing Agent
Universal Realty Services, Inc Brokerage Phone: 559-917-1113 License #02050505 Listed on: 04/27/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 12,760 Sq Ft Lot
- Two or More Common Walls
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,400 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Parking
- 15 Open Parking Spaces
- 23 Parking Spaces
- 8 Carport Spaces
- Parking Available
- Assigned Parking
Listing and Financial Details
- Legal Lot and Block 38-40 / 7
- Assessor Parcel Number 48027301
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $450
- Fuel Expense $450
- Insurance Expense $4,700
- Trash Expense $2,800
- Water Sewer Expense $3,000
- Operating Expense $12,600
- Gross Income $112,572
- Net Operating Income $104,672
Map
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 |
|---|---|---|---|---|---|
| 04/27/2026 04/27/26 | For Sale | $1,175,000 | +62.1% | $218 / Sq Ft | |
| 03/21/2025 03/21/25 | Sold | $725,000 | -19.0% | $105 / Sq Ft | View Prior Sale |
| 03/07/2025 03/07/25 | Pending | -- | -- | -- | |
| 03/04/2025 03/04/25 | For Sale | $895,000 | 0.0% | $130 / Sq Ft | |
| 01/17/2025 01/17/25 | Pending | -- | -- | -- | |
| 12/20/2024 12/20/24 | For Sale | $895,000 | 0.0% | $130 / Sq Ft | |
| 10/26/2024 10/26/24 | Pending | -- | -- | -- | |
| 10/14/2024 10/14/24 | For Sale | $895,000 | -- | $130 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: FR26090586
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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