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$1,175,000
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Property Description
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.
Full Property Details
Full Property Details for 3940 E Burns
General
- Price: $1,175,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: FR26090586
- Updated: 4/27/2026
- Days on Market: 37 days
- Added to Site: 37 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Parking Features: Assigned
- Parking: Assigned
Location
- County: Fresno
- Driving 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.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 8
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 5,400
- Year Built: 1963
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.2929
- Lot Size (Sq. Ft.): 12,760
- Lot Size Source: Owner
- Lot Description: Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $217.59
- Price Per Unit: 146875
Listed by Universal Realty Services, Inc, Gautam Atri
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Schools
Schools serving 3940 E Burns
School District:Fresno Unified School District
| Name | Grades | Distance |
|---|---|---|
Calwa Elementary School 4303 East Jensen Avenue, Fresno, CA 93725 | PK-6 | 0.3 mi |
Sequoia Middle School, Fresno, CA 4050 East Hamilton Avenue, Fresno, CA 93702 | 7-8 | 0.8 mi |
Roosevelt High School 4250 E. Tulare St., Fresno, CA 93702 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3940 E Burns
Date
Details
Price
Change
Source
4/27/2026
Listed
$1,175,000
62.07%
MLS
3/17/2025
Sold
$725,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3940 E Burns
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,189
4%
$230,401
2%
2024
$3,076
2%
$225,885
2%
2023
$3,022
1%
$221,457
2%
2022
$2,985
3%
$217,116
2%
2021
$2,909
—
$212,860
1%
2020
$2,898
4%
$210,678
2%
2019
$2,795
2%
$206,548
2%
2018
$2,740
2%
$202,499
2%
2017
$2,697
3%
$198,529
2%
2016
$2,616
1%
$194,637
2%
2015
$2,580
2%
$191,715
2%
2014
$2,524
—
$187,961
—
2013
$2,514
—
$187,112
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3940 E Burns
3940 E Burns, Calwa, CA 93725 (MLS# FR26090586) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 3940 E Burns is currently listed for $1,175,000 and was received on April 27, 2026. Want to learn more about 3940 E Burns? Do you have questions about finding other Multi-Family real estate for sale in Calwa? You can browse all Calwa real estate or contact a Coldwell Banker agent to request more information.
