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1903 E Simpson Ave, Fresno, CA, 93703

$528,000

Home List Price

$6,270*

Closing Credit

4 Bedrooms
4 Baths
2,538 SqFt
$208/SqFt
Multi

Location

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1903 E Simpson Ave, Fresno$528,000

Buyer Closing Credits

$6,270*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingGarage
Garage4 spaces
Year Built1952
HeatingFloor Furnace
CoolingEvaporative Cooling, Wall/Window Unit(s)
FireplaceNone
MLS #620661
Lot Size0.20 Acres
StatusActive

About 1903 E Simpson Ave

Fully Occupied 4-Plex in Prime Corner Location! Discover an exceptional investment opportunity with this fully occupied 4-Plex situated on a corner lot directly across from the bustling Manchester Shopping Mall. Perfectly positioned near key amenities including Starbucks, the 41 Freeway, and a cinema, this property guarantees high visibility and easy access, making it a lucrative addition to any real estate portfolio. All units are 1bedroom & 1bathroom with a garage. 3 units located above garages and 1 unit ground level. Convenient access to the 41 Freeway facilitates quick commutes to surrounding areas, enhancing the property's appeal to potential tenants.Residents can enjoy a variety of shopping and dining options with the Manchester Mall just steps away, ensuring high demand for rental units. The area boasts a diverse population with a strong rental market, ideal for long-term investment. Seller installed abrand new roof w/ 10 yr. warranty for half of bldg. for $8200. Other half has 5 yr. warranty. Currently leased w/$44,040 gross per yr. (3 units pay $1K and 1 section 8 $670 that should increase to fair value w/ new owner) $50,400 potential.Please do not walk the grounds or disturb the tenants. Seize the chance to invest in a premium, fully occupied 4-Plex with excellent growth potential. This property is poised for long-term profitability in a location that combines convenience, accessibility, and vibrant community living.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Stories: 2
  • Living Area: 2,538 SqFt

Listing Office:

  • Office Name: Movoto, Inc.
  • Office Phone: (559) 517-3436
  • Listing Agent: Ann Lee

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Garage

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • McLane High School, Public Magnet Grades 9-12
  • Scandinavian Middle School, Public District Grades 7-8
  • Birney Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: North on Blackstone, right on Cornell, left on Effie, right on Simpson

Price Information

Listing Price Info

Price Summary:

  • List Price: $528,000
  • Price Per SqFt: $208/SqFt

Tax Information:

  • Annual Amount: $3,811
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Fresno, CA.

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Fresno, CA

City

Med. Sold Price

$389.9K

Med. Price/SqFt

$246

Avg. Days On Market

26

# of Sold Homes

279

1903 E Simpson Ave vs Fresno

1 DAY ON ROCKET

-25 Days

$528,000

+$138K More

$208/SqFt

-$39 Less

KEY TAKEAWAY

This property is $138K more than the Median Sold Price and $39/SqFt less than other homes in Fresno, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Fresno Multiple Listing System
  • MLS Number: #620661

Listing Office:

  • Office Name: Movoto, Inc.
  • Office Phone: (559) 517-3436
  • Listing Agent: Ann Lee

Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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 consumers may be
interested in purchasing.

Copyright 2024 Fresno Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/27/2024, 12:55:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 27, 2021Home Sold
$399,000
May 26, 2005Home Sold
$400,000
Apr 20, 2005Home Sold
$316,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,811$320,000
2020$3,810$163,999
2019$2,027$160,784
2018$2,027$157,632
2017$1,929$154,542

History based on county public records data.

Payment Calculator

$2,703

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,649

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-780495
5
/10

  • Birney Elementary School

  • 3034 E Cornell Ave

  • 0.78 miles

  • Public District Grades KG-6

Middle School

school-card-donut-780496
3
/10

  • Scandinavian Middle School

  • 3216 N Sierra Vista Ave

  • 2.62 miles

  • Public District Grades 7-8

High School

school-card-donut-780497
3
/10

  • McLane High School

  • 2727 N Cedar Ave

  • 1.80 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,600. Typical income of Fresno, CA residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Fresno County›Fresno›93703›1903 E Simpson Ave

This home is located at 1903 E Simpson Ave in Fresno, CA and zip code 93703 in the McLane neighborhood. This 2,538 square foot home, which was built in 1952, sits on a 0.20 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $528,000.

In September 2024 more than 96 listings in Fresno, CA were sold above the asking price. During the same period more than 80 listings were sold at asking price, while more than 102 were sold below. The inventory of homes for sale in Fresno, CA between August 2024 and September 2024 increased by 0.8%. While the average time on the market in September 2024 was 26 days, the median list price was $389,967.

From Rocket Homes Real Estate and based on county public records data.

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