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3940 E Burns

Fresno, CA 93725
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$1,175,000 $4,953/Mo
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Bed 0

Bed

Bath 0

Bath

SqFt5,400

Sqft

SqFt12,760

Sqft(Lot)

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. C lean 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,175,000

AD Id : 77772119

MLS Id : FR26090586

Lot Size : 12,760 Sqft

Living Area Size : 5,400

Year Built : 1963

County : Fresno

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  • Building Information

    Year Built: 1963
    Building Area Total: 5400
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 12760 Lot Size Acres: 0.2929 Lot Size Source: Owner Lot Size Square Feet: 12,760

  • Listing Price Information

    Listing Price: $1175000
    Cash, Conventional, 1031 Exchange, Government Loan

  • Tax Information

    Parcel Number: 48027301 Tax Lot: 38-40 Tax Block: 7

  • Location Information

    Direction: 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. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
E Belgravia Avenue, Fresno, CA, 93725 $380,000 4 3 1,516 1,516 SqFt
S 11th Street, Fresno, CA, 93725 $323,200 4 2 1,710 1,710 SqFt
S Cherry Avenue, Fresno, CA, 93725 $1,475,000 4 2 2,006 2,006 SqFt
S Cherry Avenue, Fresno, CA, 93725 $549,000 3 2 1,688 1,688 SqFt
E Calwa Avenue, Fresno, CA, 93725 $399,000 3 2 1,451 1,451 SqFt
S 11th Street, Fresno, CA, 93725 $399,000 3 2 1,451 1,451 SqFt
S Lind, Fresno, CA, 93725 $535,000 5 1 2,427 2,427 SqFt
E Calwa Avenue, Fresno, CA, 93725 $399,000 3 2 1,451 1,451 SqFt
S 11th Street, Fresno, CA, 93725 $399,000 3 2 1,454 1,454 SqFt
S Lind Avenue, Fresno, CA, 93725 $535,000 5 3 2,427 2,427 SqFt

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/21/2026 @ 17:31

MLS: FR26090586 LISTED BY: Gautam Atri, Universal Realty Services, Inc 559-298-0180 SOURCE: CRMLS

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