1151 S Chestnut Avenue 131, Fresno, California 93702, Fresno, 93702 - 2 bed, 2 bath
1151 S Chestnut Avenue 131
Fresno, California 93702
Property Price
SUMMARY
Analysis of 1151 S Chestnut Avenue 131, Fresno, California 93702 is currently available with a list price of $165,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fresno Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1981, the property is well-maintained and clean but shows its age with dated features such as tile countertops and older cabinetry. While functional and move-in ready, it lacks the recent comprehensive renovations required for a higher rating, fitting the criteria for an aged home maintained through regular upkeep.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive HOA Amenities
The monthly HOA fee covers essential utilities including water, sewer, and garbage, while providing access to a pool, hot tub, play area, and on-site security for a low-maintenance lifestyle.
- Ground-Level Accessibility
Being a ground-level unit, this property offers superior accessibility with no stairs to navigate, complemented by assigned parking and an easy walk to local schools and transit.
- Turnkey Investment Potential
The unit is well-maintained with inside laundry and a cooperative tenant already in place, making it an attractive, move-in-ready option for investors seeking immediate rental income.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1981, the property may require more frequent maintenance or future updates to major systems compared to newer residential developments.
- High HOA-to-Price Ratio
The monthly association fee of nearly $329 is relatively high in proportion to the $165,000 list price, which may impact the debt-to-income ratio for some budget-conscious buyers.
About 1151 S Chestnut Avenue 131
Very nice and clean unit on ground level. cooperative tenant . Inside laundry and tile kitchen The pool is just a short walk away. HOA pays for poo, hot tub and play area. Also includes garbage, water and sewer. Contact HOA for any questions regarding the complex On site security and beautiful landscaping. Easy walk to schools and buses and just 12 minutes from Downtown Fresno. Assigned parking.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 1,225 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $328.88 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,019 | 978 | 50% |
| Lot Size | 1,225 | 1,100 | 50% |
| Price | $165.0K | $155.0K | 50% |
| Price per sq ft | $162 | $158 | 50% |
| Built year | 1981 | 1981 | 50% |
| HOA | $328.88 | $326 | 50% |
| Days on market | 50 | 139 | 50% |
Pricing History
Listed for Sale
Feb 23, 2026
$165,000
$185,000
-11% Price Drop
Initial Listing
Price Change
Jan 16, 2026
$185,000
Initial Listing
Sold
Apr 30, 2002
$21,500
Public Record
Sold
Aug 31, 1994
$37,000
Public Record