
4840 E University Ave Fresno, CA 93703
McLane NeighborhoodHighlights
- Central Air
- Garage
- 3-minute walk to Reedy Park
About This Home
As of January 2025Fully 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
The JKRE Investment Group License #01456017 Listed on: 12/17/2024
Last Buyer's Agent
Prasanna Panchamukhi
eXp Realty of California, Inc. License #02188830

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
Similar Homes in Fresno, CA
Home Values in the Area
Average Home Value in this Area
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 |
Tax History Compared to Growth
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
Jin Kim
The JKRE Investment Group
-
P
Buyer's Agent in 2025
Prasanna Panchamukhi
eXp Realty of California, Inc.
-
R
Seller's Agent in 2014
Ronald Stumpf
Stumpf And Company
-
A
Buyer's Agent in 2014
Alfonso Manrique
AM Real Estate
Map
Source: Fresno MLS
MLS Number: 622725

APN: 494-160-05
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