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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. 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.

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Detail Ic Property Details

Property Type : Residential Income

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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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1963 Building Area Total: 5,400

  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2929
  • Lot Size Source: Owner Lot Size Square Feet: 12760

  • Listing Price Information

    Original List Price: 1,175,000 Listing Contract Date: 2026-04-12

  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 48027301

  • Garage and Parking

    Garage Description: Assigned

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 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. Source Property Type: Residential Income Property SubType: Apartment

  • Building and Construction

    Property Age: 63 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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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
E Wildflower Lane, Fresno, CA, 93725 $370,000 4 2 1,415 1,415 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
2555 S Lind, Fresno, CA, 93725 $535,000 5 -- 2,427 2,427 SqFt
4883 E Geary Street, Fresno, CA, 93725 $369,500 4 2 1,581 1,581 SqFt
E Garrett Avenue, Fresno, CA, 93725 $359,000 4 2 1,620 1,620 SqFt
3468 S Frank Avenue, Fresno, CA, 93725 $525,000 -- -- 2,340 2,340 SqFt
4210 E Calwa Avenue, Fresno, CA, 93725 $399,000 3 2 1,451 1,451 SqFt

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Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/04/2026 @ 20:54

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

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