1120 San Joaquin Street, Fresno, California 93706, Fresno, - bed, bath

ACTIVE$500,000
1120 San Joaquin Street, Fresno, California 93706
9Beds
3Baths
2,652Sqft
7,000Lot
Year Built
1984
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
FR25199246
Home ConditionFair
Features
View-
About this home
Welcome to B St. An income producing triplex in the heart of fresno. Fully rented out with long term tenants. Look no further for your next investment property. Call today to get started on, or to add to your investment portfolio. All triplexes to be sold together in package deal. Additional listings 1614 B St, 1624 B St, 1622 B St, 1620 B St, 1636 B St.
Price History
Date
Event
Price
09/04/25
Listing
$500,000
Condition Rating
Fair
Built in 1984, this triplex shows signs of regular maintenance but features outdated elements. The kitchen, while functional, has older light wood cabinets, dark speckled laminate countertops, and black appliances that are not contemporary. Light fixtures and ceiling fans throughout the visible interiors are also dated. While the hardwood/laminate flooring is a positive for durability, the overall aesthetic suggests renovations were done 15-25 years ago rather than recently. The property is livable and maintained, but would benefit from minor cosmetic updates to kitchens and bathrooms (though no bathroom images were provided, their condition is likely consistent with the kitchen's age) to meet modern standards.
Pros & Cons
Pros
Guaranteed Income Stream: The property is fully rented out with long-term tenants, ensuring immediate and stable rental income for an investor.
Multi-Unit Investment: As a triplex, it offers diversified income streams from three separate units, potentially providing higher cash flow and reduced vacancy risk compared to single-family rentals.
Strategic Investment Opportunity: Explicitly marketed as an 'income producing' property, it's ideal for investors looking to start or expand their real estate portfolio.
Central Location: Located 'in the heart of Fresno,' which suggests good accessibility, potential for tenant demand, and proximity to amenities.
Scalable Investment Potential: Being part of a package deal with multiple other triplexes offers a unique opportunity for investors seeking to acquire a larger portfolio of income-generating assets simultaneously.
Cons
Mandatory Package Purchase: The requirement to purchase all triplexes together significantly limits the potential buyer pool and demands a higher capital investment, excluding individual property buyers.
Property Age: Built in 1984, the property is 40 years old, which may indicate a need for upcoming maintenance, system replacements, or cosmetic updates to remain competitive and attractive to tenants.
Lack of Detailed Information: The description lacks crucial details for investors, such as current rental income per unit, individual unit layouts, recent upgrades, or a clear statement on the property's current condition, necessitating extensive due diligence.

