1120 San Joaquin Street, Fresno, California 93706, Fresno, 93706 - 9 bed, 3 bath
ACTIVE$499,500
1120 San Joaquin Street, Fresno, California 93706
9Beds
3Baths
2,652Sqft
7,000Lot
Year Built
1984
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$188
HOA
-
Days on market
-
Sold On
-
MLS number
FR25199246
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros.
Welcome to B St! An income producing triplex in the heart of fresno. Fully rented out with long term tenants. Look no further for your next investment property. Call today to get started on, or to add to your investment portfolio. Additional listings 1614 B St, 1624 B St, 1622 B St, 1620 B St, 1636 B St.
Price History
Date
Event
Price
11/14/25
Price Change
$499,500-0.1%
09/04/25
Listing
$500,000
Condition Rating
Fair
Built in 1984, this triplex is 40 years old. The interior images, particularly the kitchen, show functional but dated features, likely updated 15-25 years ago with wood cabinets, dark laminate countertops, and black appliances. While the flooring appears to be laminate/hardwood and the units seem maintained, the overall aesthetic and fixtures are not modern. The absence of bathroom images prevents a full assessment, but based on the visible areas, the property requires minor cosmetic updates to align with current styles, fitting the 'fair' condition criteria.
Pros & Cons
Pros
Guaranteed Income Stream: The property is a fully rented triplex with long-term tenants, ensuring immediate and stable cash flow for an investor from day one.
Multi-Unit Investment: As a triplex, it offers diversified rental income across multiple units, potentially reducing risk and increasing overall return on investment compared to single-unit properties.
Strategic Investment Opportunity: Explicitly marketed as an 'income producing triplex' and suitable for expanding or starting an investment portfolio, appealing directly to real estate investors.
Central Location: Located 'in the heart of Fresno,' suggesting good accessibility, potential for consistent tenant demand, and proximity to urban amenities.
Portfolio Expansion Potential: The listing mentions additional properties available nearby (e.g., 1614 B St), offering a unique opportunity for investors to scale their portfolio efficiently in the same area.
Cons
Age of Property: Built in 1984, the property is 40 years old, which may necessitate higher maintenance costs, potential system upgrades (HVAC, plumbing, electrical), and dated aesthetics.
Lack of Financial Transparency: The listing description does not provide crucial financial details such as current rental income per unit, operating expenses, or cap rate, making it challenging for investors to quickly assess profitability.
Limited Property Condition Details: The brief description lacks information regarding the current condition of the units, recent renovations, or any deferred maintenance, which could imply significant future capital expenditures for a buyer.