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3940 E Burns

Fresno, CA 93725

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$1,195,000

5,400 sq ft

3940 E Burns

Fresno, CA 93725

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Listed On: 04/12/2026
Status: Active
Listing Number: FR26078832 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Gautam Atri, Universal Realty Services, Inc

Eight Unit Multifamily Investment Opportunity. Great Income, Modern Upgrades, Strong Rental Demand, Brand New Roof, Brand New Paint, newer AC units. This 8 unit multifamily asset offers a full 2 Bedroom, 1 Bath configuration, a consistently high demand layout in the Fresno rental market. Every residence has received new interior paint within the last year, creating a clean and uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong in place rents. This is a stabilized, income producing asset with clear upside through continued modernization of legacy units. Unit Mix and Interior Condition: Unit 1: $1,400. Fresh interior paint, new floors. Unit 2: $1,050. New flooring. Clean interior profile. Unit 3: $1,200. New flooring. Fully remodeled kitchen with granite and new cabinets. New bathroom. Unit 4: $1,175. New bathroom. New flooring. New stove. Unit 5: $1,250. Full renovation completed one year ago. Modern kitchen, bath, flooring, and finishes. Unit 6: $1,541. New windows. New paint. New stove. (Hosing Voucher) Second Building (Units 7 and 8): Unit 7: $1,090. Unit 8: $1,025. New bathroom. New kitchen with cabinets, granite, and stove. New flooring and new paint. Financial Summary: Total Monthly Income: $9,731.00 Total Annual Income: $116,772 Operating Expenses (Annual): Insurance: $4,700 Water and Sewer: $3,000 Trash: $2,800 Electric and Gas (Common): $900 Garden Care: $600 Pest Control: $600 Investment Highlights: Brand new Roof. Brand new outdoor paint. All units are 2 bed and 1 bath, the strongest rental configuration in this submarket. Uniform interior paint across all eight units within the last year. Multiple upgraded interiors with new kitchens, granite counters, cabinets, flooring, and bathrooms. Stabilized rent roll with strong in place income. Clear value add runway through modernization of legacy units. This 8 unit asset is ideal for investors seeking an income producing property with a balanced mix of renovated units and value add potential. There is room for improvements in the rents.
Property Type
Commercial Sale
Property Sub Type
Multi Family
Year Built
1963
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
2
Current Use
Multi-Family
Number Of Buildings
2
Number Of Units Total
8
Entry Level
1
Building Status
Existing
Price Per Square Foot
$221
Days On London
58
County Or Parish
Fresno
Investment Property Y/N
Yes
Directions
Head southeast on CA-99 S. Take exit for Jensen Ave. Turn left onto E Jensen Ave. Turn Left onto S Pullman St. Turn right onto S 9th St. Property is on the Right in 0.4 Miles.
Laundry Features
Common Area
Utilities
Sewer Connected, Electricity Connected
Water Source
Public
Condo Area Units
Square Feet
Parking Total
14.00
Carport Spaces
8.00
Uncovered Spaces
6.00
Land Use
Multi-Family
Common Interest
None
Parcel Number
48027301
Additional Parcels Y/N
No
Zoning
R3
Number Of Units Leased
8
Operating Expense
12600.00
Gross Scheduled Income
116772.00
Net Operating Income
104172.00
Operating Expense
12600.00
Net Operating Income
104172.00

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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