$850,000
SOLD AUG 29, 2025

740 E Cornell Ave Fresno, CA 93704

Maroa Neighborhood
10 Beds
6 Baths
4,744 Sq Ft
0.37 Acres

Recently Sold

$179 Per Sq Ft

8% Below List Price

17 Days on Market

Highlights

  • 0.37 Acre Lot
  • 1-Story Property
  • Garage
  • Corner Lot
  • Central Air

About This Home

As of August 2025

Location, Location, Location! Rare opportunity to own a fully occupied, turnkey 6-unit multifamily property ideally situated at the end of a quiet, residential street surrounded by single-family homes. Located within walking distance to Gazebo Gardens and the iconic Christmas Tree Lane, this property offers unbeatable lifestyle appeal for tenants and long-term investment security for owners. The unit mix includes (4) 2 bed/1 bath and (2) 1 bed/1 bath apartments, each featuring washer/dryer hookups, private backyard space and a detached single car garage, a rare and desirable amenity in this market. With current scheduled gross rents of $7,111/month, this is a strong income-producing asset in one of Fresno's most sought-after neighborhoods. Whether you're a seasoned investor or looking for your first multifamily property, this is a can't-miss opportunity. Please DO NOT walk grounds or disturb tenants, write offers subject to interior inspections.

Last Agent to Sell the Property

Jeffrey Kim

The JKRE Investment Group License #01456017 Listed on: 06/23/2025

Last Buyer's Agent

Ana Paula Redditt

Realty Concepts, Ltd. - Fresno License #01969923

Realty Concepts, Ltd. - Fresno

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.37 Acre Lot
  • Corner Lot

Parking

  • Garage

Home Design

  • Wood Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,744 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Air

Community Details

  • 6 Units
  • Gross Income $81,833

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 179.17
  • Year Built Exception: 0
  • Stories: One
  • Special Features: None
  • Year Built: 1948

Interior Features

  • Fireplace: None
  • Bathrooms: 6.00
  • Bedrooms: 10
  • Square Footage: 4744.00

Exterior Features

  • Roofing: Composition
  • Exterior: Stucco
  • Foundation: Wood Subfloor

Garage/Parking

  • Additional Parking: Garage, One Space per Unit

Utilities

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

Condo/Co-op/Association

  • Association: Fresno MLS

Association/Amenities

  • Site Amenities: Corner

Lot Info

  • Acres: 0.3730
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 16250.00
  • Price Per Acre: 2278820.38

Building Info

  • Year Built: 1948

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 81833.00
  • IncomeIncludes: Unit Rent
  • Total Units: 6

MLS Schools

  • School District 2: Fresno Unified
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 List to Sale Price per Sq Ft Prior Sale
08/29/2025 08/29/25 Sold $850,000 -8.1% $179 / Sq Ft
07/10/2025 07/10/25 Pending -- -- --
06/23/2025 06/23/25 For Sale $925,000 +9.5% $195 / Sq Ft
02/06/2019 02/06/19 Sold $845,000 0.0% $178 / Sq Ft View Prior Sale
01/22/2019 01/22/19 Pending -- -- --
01/01/2019 01/01/19 For Sale $845,000 -- $178 / Sq Ft
Source: Fresno MLS

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Fresno MLS

MLS Number: 632641

Fresno MLS