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Fresno Bee People's Choice Award Winner - #1 Best Real Estate Company

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3357 E Fairmont Ave

Fresno, CA 93726

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$899,000

8 bd
  |  
4 ba
  |  
3,136 sq ft
  |  
0.20 acre

3357 E Fairmont Ave

Fresno, CA 93726

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Listed On: 07/30/2025
Status: Active
Listing Number: 634668 (Fresno MLS)

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Presented By:

London Properties Investment Group
London Properties Investment Group 559.436.4065 Email Agent
Property Description
This fully occupied 8-unit multifamily offering presents a rare opportunity to acquire two side-by-side fourplexes located at 3357 and 3365 E Fairmont Ave in Fresno, CA. Priced at $1,650,000, the property delivers a current cap rate of 6.76% with total monthly gross rents of $11,425. Each unit features a 2-bedroom, 1-bath layout, and tenants benefit from dedicated covered carport parking. The property is well-maintained and includes recent upgrades such as dual-pane windows, enhancing energy efficiency and overall tenant satisfaction. A shared on-site laundry facility offers both added convenience for residents and an additional income stream for the owner. Ideally situated just south of the East Shaw Avenue retail corridor, the location offers easy access to Fashion Fair Mall, California State University Fresno, restaurants, and shoppingmaking it a consistently attractive rental market. This turnkey asset offers immediate cash flow, long-term stability, and a strong presence in a high-demand area. Please do not walk the property or disturb tenants. All offers should be made subject to interior inspections.
Property Type
Multi Family
Property Subtype 1
Quadruplex
Year Built
1964
Region
Suburban
Stories
One
Total Units
4
Price Per Square Foot
$287
Price Per Acre
$4,439,506
Days On Market
71
Cumulative Days On Market
71
County
Fresno
REO / Bank Owned
No
Cross Street Address
First
Directions
from Shaw, south on Fisher, east on Fairmont
Heat / Cool
Central Heat/Cool
Roofing
Composition
Foundation
Concrete Perimeter
Fireplace
More than One Unit
Exterior
Stucco
Gas & Electric
Public Utilities
Sewer / Water
Public Water, Public Sewer
Additional Parking
Carport, Covered
APN
427 072 22 [PARCEL MAP]
School District
Fresno Unified
School Type 1
High School
School Name 1
Hoover
School Type 2
Junior High School
School Name 2
Tioga
School Type 3
Grade School
School Name 3
Thomas
Tenant Pays
Electricity, Gas
Income Includes
Unit Rent
Annual Income
137100.00
Annual Expense
19465.00
Expenses Include
Water, Sewer
Sources of Inc / Exp
Owner
Net Income
111466.00

Courtesy of Jin Kim, The JKRE Investment Group - Jeff@JKREgroup.com
Last modified 1 month ago
Fresno MLS last checked for updates 32 minutes ago

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Copyright © 2025  London Properties, Ltd. All rights reserved.

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