2965 E University Avenue

House in McLane
Off Market

2965 East University Avenue, Fresno, CA 93703

$325,000
 for Sale at 2965 East University Avenue, Fresno, CA 93703

1

$325,000
2
Beds
2
Baths
Half Bath
1,230
Ft²
$264
$/ft²
0.37
Acres
Cap Rate
Est. Monthly
Cap Rate
Est. Monthly
$1,596
Great Opportunity! Two dwellings in one lot! Live in one unit, rent the other unit or use it as a Mother-in-Law suite. Lot size is approximately 16,200 sqf. Main unit is 2 bedrooms, 2 baths. Smaller unit is 1 bedroom, 1 bath. Great location with long driveways, furnace and evaporative cooler in both units. Attached garage. Long term tenants, homeowner has not raised rents in a long time.Note: Property is co-listed with Ricci Realty Lic # - Agent: Beata Ruso Lic#

The manager has listed the unit size as 1230 square feet.

LISTING AGENT


Building Info

Overview

This property was built in 1938.

General

  • Year Built

    1938
  • Actual Year Built

    1938
  • Total Rooms

    0.00
  • Bedroom Count

    2
  • Bathroom Count

    1.00
  • Full Bathrooms

    1.00
  • Partial Bathrooms

    0.00
  • Bathroom Fixture Number

    0.00
  • Building Condition

    0
  • Building Quality

    7
  • Construction Type

    6
  • Building Style

    31
  • Exterior Walls Type

    0
  • Interior Walls Type

    0
  • Roof Shape Type

    0
  • Roof Cover Type

    0
  • Floor Count

    1
  • Business/Commerical Units Count

    0.00
  • Floor Cover

    0
  • Basement Type

    0
  • Basement Area

    0.00
  • Garage Type

    7
  • Garage Square Area

    324.00
  • Parking Space Count

    1.00
  • Patio Type

    0
  • Porch Type

    0
  • Pool Type

    0

Dimensions

  • Lot Size Square Feet

    16,200
  • Lot Size Depth Feet

    1350
  • Lot Size Frontage Feet

    1
  • Total Building Area

    1,230
  • Gross Building Area

    1,230
  • Building Area

    1,230
  • Building Area Source

    T

Heating

  • Fireplace Count

    1.00
  • Air Conditioning Type

    0
  • Heat Code

    0
  • Heated Square Feet

    1,230
  • Heating Fuel Type

    0

Codes

  • Sewer System

    0
  • Water Service Type

    0

Building

Building codes and types
  • Building Type

    0
  • Property Class ID

    R
  • Subdivision

    BEVERLY PARK
  • Land Acres

    0.372
  • Standard Land Use Code

    1101
  • County Land Use Code

    SS02000
  • Legal Description 1

    LOT 19 BEVERLY PARK

Neighborhood

Community district, city council district, police precinct, and more.
  • School District Name

    Fresno Unified School District
  • Census Tract

    003400

Zoning

The zoning code for this property is RS5.
  • Zoning

    RS5

Geography

The property is located in zip code 93703.
  • Parcel

    446-175-09
  • Block

  • Lot

  • Latitude

    36.7671
  • Longitude

    -119.776

Address

  • Full Address

    2965 E University Ave
  • Address - House Number

    2965
  • Street Direction

    E
  • Address - Street Name

    University
  • Address - Suffix Type

    Ave
  • State

    CA
  • City Name

    Fresno
  • Carrier Code

    C004
  • 4-Digit Zip Code

    3145
  • Zip Code

    93703

Valuation

The assessed value of this property is $137,000.
  • Timestamp

    Nov 15, 2021
  • UCID Flag

    C
  • Total Area

    0.00
  • Standard Deviation

    0

Tax

  • Tax Year

    2021
  • Tax Amount

    $1,765
  • Tax Rate Code Area

    5-894

Open Liens

  • Total Open Liens

    0
  • Total Open Liens Amount

    $0

Market Valuation

  • Market Total Value

    $0
  • Market Land Value

    $0
  • Market Improvement Value

    $0

Appraisal Valuation

  • Valuation Date

    Nov 13, 2021
  • Confidence Score

    77
  • Final Value

    203,166
  • High Value

    238,152
  • Low Value

    168,180

Assessments Valuation

  • Assessed Year

    2021
  • Assessed Total Value

    $137,000
  • Assessed Land Value

    $67,500
  • Assessed Improvements Value

    $69,500

Sales

  • Current Sale Contract Date

    20050405
  • Current Sale Recording Date

    20050502
  • Current Sale Transaction ID

    1026470943
  • Current Sales Price

    $162,000
  • Current Sale Document Type

    36
  • Current Sale Input Document Number

    2005-0096693

Mortgages

  • First Current Mortgage Loan Amount

    $0
  • First Current Mortgage Terms

    0
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Loan Amount

    $0
  • First Open Lien Mortgage Term

    0
  • First Open Lien Mortgage Position

    0
  • Second Open Lien Mortgage Loan Amount

    $0
  • Second Open Lien Mortgage Term

    0
  • Second Open Lien Mortgage Position

    0
  • Third Open Lien Mortgage Loan Amount

    $0
  • Third Open Lien Mortgage Term

    0
  • Third Open Lien Mortgage Position

    0
  • Fourth Open Lien Mortgage Loan Amount

    $0
  • Fourth Open Lien Mortgage Term

    0
  • Fourth Open Lien Mortgage Position

    0

Previous Mortgages

  • Previous Mortgage Loan Amount

    $0
  • Previous Mortgage Term

    0

Building Features

Driveway

Driveway

Parking

Garage Parking

Exterior

Stucco ExteriorWood Exterior

Home Features

Rooms

Basement

HVAC

Evaporative A/C

Ownership

Current Owner

Kludjian James

Previous Owner

Cervantes Loralee H

Price History

Date/EventEventPrice
Apr 15, 2023 No longer availableNo longer available-
Apr 7, 2023 No longer availableNo longer available-
Mar 17, 2023 Listed by Isa TenchioListed by Isa Tenchio$325,000
Jul 28, 2022 Listed by Ricci RealtyListed by Ricci Realty$325,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$18,000
ExpensesPer Year
$0
Operating ProfitPer Year
$18,000
Cap rate
5.54%

Price Estimate

$383,000$328,175$273,351
20232024202520262027
Current Asking Price

$325,000

HopScore Market Price

$328,175

The current asking price is $3,175.48 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Active
House
2
1
1,255 ft²
$222/ft²
$279,000
In Contract
House
3
2
1,213 ft²
$238/ft²
$289,000
Active
House
3
2
1,466 ft²
$224/ft²
$329,000
Active
House
3
2
1,468 ft²
$266/ft²
$390,000
Active
Multifamily
3
2
1,230 ft²
$264/ft²
$325,000

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Neighborhood

About McLane

Stats & Trends

The median asking price in McLane is $349,998.
  • Median Asking

    $349,998
  • Sale Price/ft²

    $226.44
  • Below Asking

    0.01%
  • Days on Market

    43

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2965 East University Avenue has been categorized by the local assessors in Fresno, CA as a residential type of property. The building on the property was first built in 1938 and is 85 years old. The home has a total of 0 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2965 East University Avenue has 1,230 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,350 ft and across the front of the lot is 1,200 ft. The area measurement of the land has been determined as 16,200 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 324 sqft. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Apr 5, 2005 for $162,000. That's $131.71 per sqft. 2965 East University Avenue was last assessed in 2021. The total value of the property was assessed at $137,000. Specifically, the land the property is located on was valued at $67,500. While improvements on the property were assessed at a total of $69,500. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $1,765. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.


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