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4840 E University Ave, Fresno, CA, 93703

$628,000

Home List Price

$7,458*

Closing Credit

8 Bedrooms
4 Baths
3,722 SqFt
$169/SqFt
Multi

Location

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4840 E University Ave, Fresno$628,000

Buyer Closing Credits

$7,458*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingGarage
Garage4 spaces
Year Built1969
HeatingCentral
CoolingCentral Air
FireplaceNone
MLS #622725
Lot Size0.14 Acres
StatusActive

About 4840 E University Ave

Fully occupied turnkey FOURPLEX! Three of the units are 2 bedrooms and 1 bathroom and have been renovated within the past 2 years, one unit has an extra half bathroom. Each unit has a single car garage and is separately metered for PG&E. Landlord is responsible for the City of Fresno utilities which include water, sewer, and trash. Laundry room is currently not in use but has all hook ups for washer and dryer to potentially generate additional income. Roof was last replaced approximately 15 years ago and one of the HVAC units was recently replaced. Current scheduled gross rents total $5,690/month. At asking, property performs at a 9.2 GRM and approximately 8.17% cap rate. Please DO NOT walk the grounds or disturb tenants, write offers subject to interior inspections.

Property Details

Property Features

Property Information:

  • Year Built: 1969
  • Stories: 2
  • Living Area: 3,722 SqFt

Listing Office:

  • Office Name: Jin Jeffrey Kim, Broker
  • Office Phone: (559) 212-4489
  • Listing Agent: Jin Kim

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: McKinley, north on Chestnut, east on University, PIQ on southside of the street

Price Information

Listing Price Info

Price Summary:

  • List Price: $628,000
  • Price Per SqFt: $169/SqFt

Tax Information:

  • Annual Amount: $3,959
  • 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

$391K

Med. Price/SqFt

$248

Avg. Days On Market

26

# of Sold Homes

286

4840 E University Ave vs Fresno

1 DAY ON ROCKET

-25 Days

$628,000

+$236.9K More

$169/SqFt

-$79 Less

KEY TAKEAWAY

This property is $236.9K more than the Median Sold Price and $79/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: #622725

Listing Office:

  • Office Name: Jin Jeffrey Kim, Broker
  • Office Phone: (559) 212-4489
  • Listing Agent: Jin Kim

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: 12/18/2024, 1:20:51 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

Dec 22, 2017Home Sold
$295,000
Jun 19, 2014Home Sold
$190,000
Dec 31, 1997Home Sold
$110,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,959$310,097
2020$3,959$306,918
2019$3,726$300,900
2018$3,726$295,000
2017$2,475$200,683

History based on county public records data.

Payment Calculator

$3,202

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,949

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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.

Nearby Schools

school-card-donut-4303248
4
/10

  • Ericson Elementary School

  • 4774 E Yale Ave

  • 0.27 miles

  • Public District Grades KG-6

school-card-donut-4303249
4
/10

  • Norseman Elementary School

  • 4636 E Weldon Ave

  • 0.50 miles

  • Public District Grades KG-6

school-card-donut-4303250
4
/10

  • Ewing Elementary School

  • 4873 E Olive Ave

  • 0.58 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,500. Most Fresno, CA residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Fresno County›Fresno›93703›4840 E University Ave

This home is located at 4840 E University Ave in Fresno, CA and zip code 93703 in the McLane neighborhood. This 3,722 square foot home, which was built in 1969, sits on a 0.14 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $628,000.

In November 2024, from all listings sold in Fresno, CA there were more than 98 sold above asking price, over 120 sold below and more than 68 were sold right at the asked price. The number of listings in Fresno, CA decreased by 3.8% between October 2024 and November 2024. Listings spent 26 days on the market in November 2024, and had a median list price of $391,067 during the same period.

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

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