$630,000
SOLD JAN 31, 2025

4840 E University Ave Fresno, CA 93703

McLane Neighborhood
8 Beds
4.5 Baths
3,722 Sq Ft
6,000 Sq Ft Lot

Recently Sold

$169 Per Sq Ft

14 Days on Market

Highlights

  • Central Air
  • Garage
  • 3-minute walk to Reedy Park

About This Home

As of January 2025

Fully occupied turnkey FOURPLEX! Three of the units are 2 bedrooms and 1 bathroom and have been renovated within the past 2 years, one unit has an extra half bathroom. Each unit has a single car garage and is separately metered for PG&E. Landlord is responsible for the City of Fresno utilities which include water, sewer, and trash. Laundry room is currently not in use but has all hook ups for washer and dryer to potentially generate additional income. Roof was last replaced approximately 15 years ago and one of the HVAC units was recently replaced. Current scheduled gross rents total $5,690/month. At asking, property performs at a 9.2 GRM and approximately 8.17% cap rate. Please DO NOT walk the grounds or disturb tenants, write offers subject to interior inspections.

Last Agent to Sell the Property

Jin Kim

The JKRE Investment Group License #01456017 Listed on: 12/17/2024

Last Buyer's Agent

Prasanna Panchamukhi

eXp Realty of California, Inc. License #02188830

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Parking

  • Garage

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,722 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4.5 Bathrooms

Additional Features

  • 6,000 Sq Ft Lot
  • Central Air

Community Details

  • 4 Units
  • Gross Income $68,280

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: Quadruplex
  • Price Per Square Foot: 169.26
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1969

Interior Features

  • Fireplace: None
  • Bathrooms: 4.50
  • Bedrooms: 8
  • Square Footage: 3722.00

Exterior Features

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

Garage/Parking

  • Additional Parking: Garage

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
  • Heat/Cool: Central Heat/Cool

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.1377
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 6000.00
  • Price Per Acre: 4575163.40

Building Info

  • Year Built: 1969

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 68280.00
  • IncomeIncludes: Unit Rent
  • Total Units: 4

MLS Schools

  • School District 2: Fresno Unified

Similar Home in Fresno, CA

  • 3734 N Abby St, Fresno, CA 93726

    $620,000

    • 6 Beds
    • 3,194 Sq Ft
    • 3734 N Abby St
    • Fresno, CA

    Prime 4-Plex Investment Opportunity - FHA Eligible!Located near Manchester Mall, this fully rented 4-plex is a fantastic investment opportunity! The property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, each equipped with washer/dryer hookups and a 1-car garage.Key Highlights: One unit completely renovated, newer HVAC system, modern finishes, and upgraded interiors. Other

    Gautam Atri Universal Realty Services, Inc

    Section Image
See All Homes in Fresno

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $630,000 +0.3% $169 / Sq Ft
12/31/2024 12/31/24 Pending -- -- --
12/17/2024 12/17/24 For Sale $628,000 +230.5% $169 / Sq Ft
06/19/2014 06/19/14 Sold $190,000 0.0% $51 / Sq Ft
04/23/2014 04/23/14 Pending -- -- --
04/17/2014 04/17/14 For Sale $190,000 -- $51 / Sq Ft
Source: Fresno MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jin Kim

    The JKRE Investment Group

    (760) 987-5332

    4 in this area

    43 Total Sales

    Jin Kim
    Section Image
  • Prasanna Panchamukhi

    Buyer's Agent in 2025

    Prasanna Panchamukhi

    eXp Realty of California, Inc.

    (408) 368-7071

    1 in this area

    22 Total Sales

    Section Image
  • Ronald Stumpf

    Seller's Agent in 2014

    Ronald Stumpf

    Stumpf And Company

    (559) 430-5576

    7 in this area

    44 Total Sales

    Ronald Stumpf
    Section Image

  • A

    Buyer's Agent in 2014

    Alfonso Manrique

    AM Real Estate

    (559) 288-9172

    12 Total Sales

    Alfonso Manrique
    Section Image
See All Agents

Map

Source: Fresno MLS

MLS Number: 622725

Fresno MLS

APN: 494-160-05

California Fresno County Fresno 93703 McLane

4840 E University Ave, Fresno, CA

This home is located at 4840 E University Ave, Fresno, CA 93703 and is currently priced at $630,000, approximately $169 per square foot. This property was built in 1969. 4840 E University Ave is a home located in Fresno County with nearby schools including Ericson Elementary School, Scandinavian Middle School, and Mclane High School.

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.

Fresno MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes