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3109 3119 N Thorne Ave

Fresno, CA 93704

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$2,164,000

32 bd
  |  
24 ba
  |  
17,472 sq ft
  |  
0.60 acre

3109 3119 N Thorne Ave

Fresno, CA 93704

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Listed On: 12/16/2025
Status: Active
Listing Number: 641090 (Fresno MLS)

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Presented By:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
16-Unit Complex - All 2 Bed 1.5 Bath Townhomes - Strong Value-Add Opportunity Current rents are approximately 45% below market, presenting a compelling opportunity to unlock substantial upside in revenue, cash flow, and overall asset value. Investors can drive income growth through natural lease turnover, light interior improvements, and by reactivating the on-site laundry room to capture additional ancillary income.Desirable, High-Demand Unit Mix: The property consists entirely of 2-bedroom / 1.5-bath townhomes, each over 1,100 SF - a unit type in high demand among families and long-term renters. These larger floorplans tend to attract strong tenants, reduce turnover, and maximize occupancy and net operating income while minimizing annual turnover expenses. Prime Central Fresno Location with High Renter Demand:Ideally located across from Dailey Elementary Charter School and within 1.5 miles of Fresnospan style=''font-size:'' 10pt;=''''High School and Fresno City College, the property is well-suited for families and students. It is also within 2 miles of the Tower District and 2.5 miles of Fig Garden Village - two of Fresno's top dining, retail, and lifestyle corridors. These location advantages contribute to strong, consistent renter demand and support long-term value growth.Minimal Near-Term CapEx with Recent Improvements: Major capital improvements have already been completed, including a newly repaved parking lot in 2024, annual roof servicing, and electrical subpanel upgrades in most units. The property has been maintained and presents minimal short-term capital expenditure risk, giving investors the ability to focus on revenue growth from day one./span
Property Type
Multi Family
Property Subtype 1
16 Units & More
Year Built
1966
Region
Urban
Stories
Two
Total Buildings
3
Total Units
16
Price Per Square Foot
$124
Price Per Acre
$3,581,003
Days On Market
0
Cumulative Days On Market
0
County
Fresno
Facilities
Pool
Special Features
Private Patios, On-Site Manager
REO / Bank Owned
No
Cross Street Address
Shields and Fruit
Directions
Head West on Shields when getting off Highway 41. Turn left onto Thorne Ave, and the property will be on the right within 70 yards.
Heat / Cool
Central Heat/Cool
Roofing
Other
Foundation
Concrete Perimeter
Fireplace
None
Exterior
Stucco, Wood
Refrigerator
All Units
Stove
All units
Gas & Electric
Public Utilities
Sewer / Water
Public Water, Public Sewer
Additional Parking
Carport
APN
443 044 17 [PARCEL MAP]
School District
Fresno Unified
School Type 1
High School
School Name 1
Fresno
School Type 2
Grade School
School Name 2
Hamilton
School Type 3
Junior High School
School Name 3
Hamilton
Seller Will Consider
Conventional, Cash, Submit
Tenant Pays
Electricity, Gas
Income Includes
Unit Rent, Laundry
Annual Income
281651.00
Annual Expense
166634.00
Expenses Include
All
Sources of Inc / Exp
Owner, Projected, Limited, Property Manager
Net Income
166634.00

Courtesy of Dustin Ilic, Visintainer Group - [email protected]
Last modified 5 hours ago
Fresno MLS last checked for updates 22 minutes ago

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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