1620 B Street, Fresno, California 93706, Fresno, - bed, bath
ACTIVE$500,000
1620 B 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
FR25199215
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, 1120 San Joaquin St, 1636 B St.
Price History
Date
Event
Price
09/04/25
Listing
$500,000
Condition Rating
Fair
Built in 1984, this triplex is 40 years old. While the property appears to be well-maintained and functional, the interior, particularly the kitchens and bathrooms, are significantly dated. The kitchen features older wood cabinets, laminate countertops, and black appliances that are functional but not modern. Bathrooms have basic, dated vanities and fiberglass tub/shower combos. Flooring is a mix of laminate/hardwood-look and vinyl, which appears in decent condition. The overall style and features suggest that while the property has been maintained, it has not undergone major renovations in the last 15-20 years, aligning with the 'Fair' category where major components are functional but show signs of being outdated and minor updates are required to meet current standards.
Pros & Cons
Pros
Income Producing Asset: The property is explicitly described as an income-producing triplex, offering immediate revenue generation for investors.
Stable Tenancy: It is fully rented out with long-term tenants, ensuring consistent cash flow and minimizing vacancy risks for the new owner.
Investment Portfolio Expansion: Ideal for both new and experienced investors looking to start or expand their real estate portfolio with a ready-to-go asset.
Bulk Purchase Opportunity: Being part of a package deal with multiple other triplexes (1614, 1624, 1622, 1636 B St, and 1120 San Joaquin St) offers potential for economies of scale and portfolio diversification.
Established Property: Built in 1984, the property has a proven track record as a rental, suggesting a stable structure and established rental market presence.
Cons
Mandatory Package Deal: The requirement to purchase this triplex as part of a larger package deal limits individual property acquisition and necessitates a significant capital outlay, potentially narrowing the buyer pool.
Potential for Deferred Maintenance: Given the 1984 build year and the lack of mention of recent renovations, there is a high likelihood of needing future capital expenditures for system updates (HVAC, plumbing, electrical) and general property upkeep.
Limited Property Specifics: The description lacks crucial details for investors, such as individual unit layouts, current rental income per unit, and interior conditions, which are vital for a comprehensive financial analysis.