3940 E Burns Ave Fresno, CA 93725
Calwa AreaEstimated payment $7,577/month
Highlights
- 0.29 Acre Lot
- No HOA
- Laundry Facilities
About This Home
Eight Unit Multifamily Investment Opportunity. Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units. 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: $1,400. Fresh interior paint, new floors. 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. (Hosing Voucher) 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: $9,731.00
Total Annual Income: $116,772 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:
Brand new Roof.
Brand new outdoor paint.
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.
This 8 unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential. There is room for improvements in the rents.
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
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 $116,772
- Net Operating Income $104,172
Map
Home Values in the Area
Average Home Value in this Area
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 | Prior Sale |
|---|---|---|---|---|---|
| 06/29/2026 06/29/26 | Price Changed | $1,175,000 | -1.7% | $218 / Sq Ft | |
| 06/09/2026 06/09/26 | Price Changed | $1,195,000 | +1.7% | $221 / Sq Ft | |
| 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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