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3940 E Burns

Fresno, CA 93725

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$1,175,000

5,400 sq ft
  |  
0.29 acre

3940 E Burns

Fresno, CA 93725

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Listed On: 04/27/2026
Status: Active
Listing Number: FR26090586 (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. Stabilized Income. Modern Upgrades. Strong Rental Demand. Brand New Roof. 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: $1,050. Fresh interior paint. 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. 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: $9,381 Total Annual Income: $112,572 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: 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. Attractive pairing opportunity with the adjacent 6 unit property, enabling a 14 unit portfolio on one block. 2452 S 9th St. Fresno CA 93725 for Sale at $825,000. This 8 unit asset is ideal for investors seeking a stabilized, income producing property with a balanced mix of renovated units and value add potential.
Property Sub Type
Apartment
Year Built
1963
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
2
Number Of Units Total
8
Entry Level
1
Price Per Square Foot
$218
Price Per Unit
$146,875
Days On London
0
Cumulative Days On London
0
County Or Parish
Fresno
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
No
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 Y/N
Yes
Laundry Features
Common Area
Common Walls
2+ Common Walls
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number With Refrigerator
8
Number With Range
8
Number Of Separate Electric Meters
8
Number Of Separate Gas Meters
1
Number Of Separate Water Meters
1
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
23.00
Parking Features
Assigned
Carport Spaces
8.00
Uncovered Spaces
15.00
Lot Features
Lot 10000-19999 Sqft
Lot Size Area
12760.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Common Interest
None
Parcel Number
48027301
Additional Parcels Y/N
No
Community Features
Curbs
Senior Community Y/N
No
Association Y/N
No
Number Of Units Leased
8
Gross Income
112572.00
Operating Expense
7900.00
Total Actual Rent
112572.00
Land Lease Y/N
No
Insurance Expense
4700.00
Electric Expense
450.00
Water Sewer Expense
3000.00
Trash Expense
2800.00
Fuel Expense
450.00
Gross Scheduled Income
112572.00
Gross Income
112572.00
Total Expenses
12600.00
Net Operating Income
104672.00
Operating Expense
7900.00
Gross Income
112572.00
Net Operating Income
104672.00
Tax Block
7
Tax Lot
38-40

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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