1409 E Cambridge, Fresno, California 93704, Fresno, 93704 - bed, bath
PENDING$530,000$2,300/sqft
1409 E Cambridge, Fresno, California 93704
0Bed
0Bath
2,300Sqft
6,750Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: The property is explicitly marketed for its 'strong income potential' and as an 'ideal' asset for investors looking to grow or start their rental portfolio, emphasizing cash flow and long-term returns.
Top Cons:
Property Age: Built in 1963, the property may require significant capital expenditures for system upgrades (e.g., HVAC, plumbing, electrical) or cosmetic renovations to maintain competitiveness and attract premium rents.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1963 (63 years old).
Condition: Built in 1963, this property is over 60 years old. While the interiors show recent cosmetic updates such as fresh paint and new laminate/LVP flooring, and refreshed kitchen cabinets and bathroom vanities, the major systems and appliances are outdated. Visible window AC units and wall heaters indicate an older, less efficient HVAC system. Kitchens feature older model electric ranges and refrigerators, and bathrooms, while clean, have basic fixtures and one unit shows older tile work. The property is maintained and functional for rental purposes but has not undergone extensive modern renovations, aligning with the 'Fair' category's description of an aged but maintained home with functional but outdated major components.
Year Built
1963
Close
-
List price
$530K
Original List price
$530K
Price/Sqft
$230
HOA
-
Days on market
-
Sold On
-
MLS number
FR25244743
Home ConditionFair
Features
View-
About this home
Take advantage of this solid 4-plex located in central Fresno, near Fresno City College, shopping, public transportation, and freeway access. This property offers strong income potential and is ideal for investors looking to grow or start their rental portfolio. The property includes three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, providing a mix that appeals to a range of tenants. Convenient central location offers easy access to major routes and amenities, making it an excellent choice for steady rental demand. An affordable multi-unit opportunity in a central location perfect for investors focused on cash flow and long-term returns. Do not disturb tenants.
C
Charlene Avila
Listing Agent
Condition Rating
Fair
Built in 1963, this property is over 60 years old. While the interiors show recent cosmetic updates such as fresh paint and new laminate/LVP flooring, and refreshed kitchen cabinets and bathroom vanities, the major systems and appliances are outdated. Visible window AC units and wall heaters indicate an older, less efficient HVAC system. Kitchens feature older model electric ranges and refrigerators, and bathrooms, while clean, have basic fixtures and one unit shows older tile work. The property is maintained and functional for rental purposes but has not undergone extensive modern renovations, aligning with the 'Fair' category's description of an aged but maintained home with functional but outdated major components.
Pros & Cons
Pros
Strong Income Potential: The property is explicitly marketed for its 'strong income potential' and as an 'ideal' asset for investors looking to grow or start their rental portfolio, emphasizing cash flow and long-term returns.
Strategic Central Location: Located in central Fresno, near Fresno City College, shopping, public transportation, and freeway access, ensuring high tenant demand and convenience.
Diversified Unit Mix: Comprises three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, appealing to a broader range of tenants and potentially reducing vacancy risk.
Investor-Focused Opportunity: Presented as an 'affordable multi-unit opportunity' perfectly suited for investors, highlighting its clear value proposition for rental income generation.
Established Rental Demand: The central location and proximity to key amenities like Fresno City College suggest a consistent and stable tenant pool, contributing to reliable rental income.
Cons
Property Age: Built in 1963, the property may require significant capital expenditures for system upgrades (e.g., HVAC, plumbing, electrical) or cosmetic renovations to maintain competitiveness and attract premium rents.
Limited Access for Due Diligence: The instruction 'Do not disturb tenants' restricts thorough interior inspections and showings, potentially making it challenging for buyers to fully assess the condition of all units prior to purchase.
Potential for Deferred Maintenance: The description does not mention any recent renovations or upgrades, which, given the property's age, could imply a need for immediate or near-future maintenance and repairs.