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About This Home
This 16-bedroom, 8-bathroom residential multi family at 3940 E Burns Avenue in Fresno, CA is listed for $1,175,000 ($218 per sqft). Built in 1963, the home offers 5,400 sqft of living space on a 0.29 acres lot.
EightUnit Multifamily Investment Opportunity Stabilized Income. Modern Upgrades. Strong Rental Demand. Brand New Roof. This eightunit multifamily asset offers a fully 2 Bedroom, 1 Bath, a consistently highdemand configuration in the Fresno rental market.
Every residence has received new interior paint within the last year, creating a clean, uniform presentation across the property. The building reflects ongoing ownership care, with a mix of upgraded interiors, modernized kitchens and baths, and strong inplace rents.
This is a stabilized, incomeproducing asset with clear upside through continued modernization of legacy units. Unit Mix & 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 No interior upgrades, New windows, New paint, New stove. Second Building (Units 7 & 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/Sewer: $3,000 Trash: $2,800 Electric & Gas (Common): $900 Garden Care: $600 Pest Control: $600 Investment Highlights: All units are 2 bed / 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 inplace income at $9,190/month. Clear valueadd runway through modernization of legacy units.
Attractive pairing opportunity with the adjacent 6unit property, enabling a 14unit portfolio on one block. This eightunit asset is ideal for investors seeking a stabilized, incomeproducing property with a balanced mix of renovated units and valueadd potential. With strong rents, clean interiors, and a proven upgrade path, the next owner steps into a property with both immediate cash flow and longterm upside. 2452 S 9th St. Fresno CA 93725 - 6 Units, also for Sale Next Door $825,000.00
Key Features
- Built in 1963
- 0.29 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$6,284/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3940 E Burns Avenue
Fresno, CA 93725
Features & Amenities
Exterior Features
Property Details
Parking
Questions & Answers
This 16-bedroom, 8-bathroom residential multi family at 3940 E Burns Avenue is listed at $1,175,000 ($218/sqft). The estimated monthly payment is $5,092 based on 20% down at 6.5% interest.
Key features include: Built in 1963, 0.29 acre lot, 2 stories. Exterior Features: Stucco, Stone.
This property is listed by Gautam Atri and can be reached at (559) 285-4841 or kyle@universalrealty.org.









