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Sold on 12/30/2016
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1024 E Ponderosa Ave, Reedley, CA 93654

  • $436,000

    Last sold 12/30/2016 for $241K

  • 8

    bed

  • 4

    bath

  • 3,600

    Sqft ($67/Sqft)

Multi-family not for sale
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About 1024 E Ponderosa Ave

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Lot size 9,583 Sqft
Movoto estimate
Parking 4 garage spaces
Property description
Reedley is hot! Great rental area with no vacancies. Close to major shopping and transportation. There are little to no multi-family properties currently available in Reedley. All units are rented with long term tenants (each tenant over 10 years) all units are rented for $640 per month. Each unit is approx 900 sq ft with large living room, spacious kitchens and bedrooms all units have interior washer/dryer hook ups, private one car garage, central HVAC and large patios. Roof is in good condition. The interiors of the units show normal wear and tear future improvements will allow for increased in rents. All tenants are on month to month agreements but want to stay and may sign long term lease agreements. This property is for a seasoned landlord that desires passive income and stability and is not afraid of minor rehab when the time comes. Property is SOLD AS-IS Do not walk property or disturb tenants. Write offers subject to inspection.
Listed by
Listing Agent - Matthew Garabedian
Listing Office - Royal Realty Property Management & Investment Inc
Source: Fresno MLS mls logo
MLS#471295 • last updated 9 years ago
Movoto checked Fresno MLS for data 5 minutes ago
Overview
SqFt 3600
SubType Quadruplex
Status Sold
Type Multi Family
MLS # 471295
Lot Size (Acres) 0.22
Lot Size (SqFt) 9520
Year Built 1977
Foreclosure (Y/N) No
Interior
# Bedrooms 8
Exterior
Foundation Concrete
Exterior Stucco
Roofing Composition
# Garage Spaces 4
Amenities / Utilities
Gas & Electric Public Utilities
Sewer/Water Public Water
Location
Area 654
County Fresno
School Name 2 T.L. Reed
School Type 2 Junior High School
School Type 3 Grade School
School Type 1 High School
School District 2 Kings Canyon
School Name 1 Reedley
School Name 3 T.L. Reed
APN 36313114
Multifamily Details
Total # of Units 4
Annual Gross Income 30720
Annual Operating Expense 8387
Annual Net Income 22332
$436K
Range: $366K-$505K
Last 30 days 
  • Dec 2016
    mls logo MLS # 471295
  • Dec 30, 2016 Sold
    $241,177 (-1.6%)
  • Oct 4, 2016 Listed
    $245,000 (+40.0%)
  • Sep 2016
    mls logo MLS # 463543
  • Sep 8, 2016 Sold
    $175,000 (-5.4%)
  • May 6, 2016 Listed
    $185,000
  • 1024 E Ponderosa Ave
    $241K
  • Urban
    —
  • 93654
    $429K 0% y/y
  • Reedley
    $432K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Thomas Law Reed Elementary School
public Grades K-8
Kings Canyon Joint Unified School District
8/10
Reedley High School
public Grades 9-12
Kings Canyon Joint Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 1024 E Ponderosa Ave
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