3468 S Frank Avenue, Fresno, California 93725, Fresno, 93725 - bed, bath
3468 S Frank Avenue
Fresno, California 93725
Property Price
SUMMARY
Analysis of 3468 S Frank Avenue, Fresno, California 93725 is currently available with a list price of $525,000. 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.
The property was built in 1958, making it over 60 years old. While the exterior appears to be maintained with fresh paint, the presence of multiple window AC units indicates an older cooling system and likely no central HVAC. Without interior photos, a detailed assessment of kitchens, bathrooms, flooring, and appliances is not possible. However, given the age and the exterior condition, it's highly probable that the interiors are dated and would require minor updates or repairs to meet current standards and command higher rental rates, as suggested by the listing description. The structures appear functional but show signs of age and lack modern renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Investment
The property comprises 5 individual rental houses on a single lot, offering diversified income streams and reduced vacancy risk compared to a single-unit investment.
- Significant Income Upside
With potential Section 8 income of $1,272 per house ($6,360 total per month) and current rents below market rate, there is substantial opportunity to increase cash flow and maximize return on investment.
- Large Corner Lot
Situated on a generous 15,000 sqft corner lot, the property offers ample space, enhanced privacy, and potential for future development or landscaping improvements (subject to local zoning).
CONSRISKS & DEFICIENCIES
- Property Age & Potential Maintenance
Built in 1958, the properties are over 60 years old, which may indicate a need for significant deferred maintenance, updated systems, and potentially higher ongoing repair costs.
- Small Unit Size
Each unit is approximately 468 sqft with 1 bedroom and 1 bath, limiting the target tenant demographic to individuals or couples and potentially leading to higher tenant turnover rates.
- Implied 'As-Is' Condition
The suggestion to 'Make a contingency offer subject to inspection' implies the seller may not be willing to undertake repairs, potentially placing the burden of necessary upgrades or fixes on the buyer.
About 3468 S Frank Avenue
Great opportunity to own 5 individual rental properties! These individual houses are located on a 15,000 sqft corner lot, minutes away from FWY 99. Each property is approximately 468sqft, each with 1 bedroom & 1 bath. Potential rent income from Section 8 is $1272 per house, totaling $6360 per month, $76,320 per year. Current rents are below market rate. Also near Malaga Community Park & Recreation Center which has pool, soccer field and play ground. Make a contingency offer subject to inspection.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1958
- Lot Size
- 15,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1958 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
May 5, 2023
$525,000
Initial Listing