$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

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Range of Values:

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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 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

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Map

Source: Fresno MLS

MLS Number: 622725

Fresno MLS

APN: 494-160-05