$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

Jin 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

Range of Values:

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Average Value
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List Price
Sold Price
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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
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
01/22/2019 01/22/19 Pending -- -- --
01/01/2019 01/01/19 For Sale $845,000 -- $178 / 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

    46 Total Sales

    Jin Kim
    Section Image
  • Ana Paula Redditt

    Buyer's Agent in 2025

    Ana Paula Redditt

    Realty Concepts, Ltd. - Fresno

    (559) 392-4337

    3 in this area

    118 Total Sales

    Ana Paula Redditt
    Section Image
  • Sandra Borunda

    Seller's Agent in 2019

    Sandra Borunda

    Aspire Realty Solutions

    (559) 288-6238

    2 in this area

    20 Total Sales

    Sandra Borunda
    Section Image

  • S

    Buyer's Agent in 2019

    Shane RE/MAX

    Guarantee Real Estate

    (559) 243-6147

    6 Total Sales

    Shane RE/MAX
    Section Image
See All Agents

Map

Source: Fresno MLS

MLS Number: 632641

Fresno MLS
California Fresno County Fresno 93704 Maroa

740 E Cornell Ave, Fresno, CA

This home is located at 740 E Cornell Ave, Fresno, CA 93704 and is currently priced at $850,000, approximately $179 per square foot. This property was built in 1948. 740 E Cornell Ave is a home located in Fresno County with nearby schools including Hamilton School, Fresno High School, and Morris E. Dailey Charter Elementary 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.

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