3044 Cesar Chavez Blvd · Fresno, CA 93721

$150,000

3 bd · 2.0 ba · 1,818 sqft · SingleFamily public records · 7 Days on market

Built 1925 6,851 sqft lot

---

Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Appreciation +4.4/10.0
• Livability +3.1/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Investor Special - Full Rehab Opportunity!Calling all investors, flippers, and contractors! This 3-bedroom, 2-bathroom home offers over 1,800 sq ft of potential and is ready for a full renovation. Located in a desirable area, this property is perfect for those looking to restore and maximize value. The layout offers a spacious footprint with tons of upside for customization. Whether you're planning a full flip or long-term hold, this is your chance to transform a diamond in the rough into a standout property. Leased solar in place for added energy efficiency. Cash offers only. Property is being sold AS-IS. Buyer to perform all due diligence. Short Sale - Subject to lender approval.

Key facts

• Leased solar
• Spacious footprint
• Energy efficiency

Tags

• LEASED SOLAR
• ENERGY EFFICIENCY
• SPACIOUS FOOTPRINT
• DESIRABLE AREA

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $622 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 11.3% vs local median 3.7% in Fresno — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#469 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: amenities D+, employment D+, crime F.
• Fresno Unified (urban): math 18% / reading 47% proficiency, ranked #327 of 517 in CA (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Winchell Elementary (681 students, 95% FRL); Sequoia Middle (858 students, 97% FRL); Roosevelt High (math 14% / reading 41%, grade F, #780 of 1,170 statewide, top 67%, 2,228 students, 92% FRL) — zoned schools average 95% FRL vs 77% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 16 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,426 units permitted in Fresno County in 2024 (296 in 5+ unit buildings).
• At $1,976/mo this rent would consume 59% of the median local household income ($40k/yr) (locally 490% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-1.2%/yr); year-one equity from $1k of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Fresno County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-1.2% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $38k; list at $150k implies a 295% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 11.27%
• Cash-on-cash: 17.76%
• DSCR: 1.79
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $367,236
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
555 S Raisina	0.16mi	3/1.8	1,770 (-3%)	1mo	$350,000	$198	86
3042 E Gilbert Ave	0.10mi	3/1.8	1,904 (+5%)	14mo	$345,000	$181	75
3264 E Kerckhoff Ave	0.45mi	3/2.0	1,773 (-2%)	11mo	$340,000	$192	66
3171 E Balch Ave	0.30mi	4/1.8 (+1)	1,708 (-6%)	8mo	$345,000	$202	63
3347 E Mono	0.40mi	3/2.0	1,748 (-4%)	19mo	$275,000	$157	59
3525 E Ventura Ave	0.54mi	3/2.0	1,784 (-2%)	17mo	$360,000	$202	57
2917 E Donahoo St	0.14mi	3/1.8	1,606 (-12%)	19mo	$365,000	$227	57
3659 Mono St	0.69mi	4/1.8 (+1)	1,628 (-10%)	10mo	$355,000	$218	37
3438 E El Monte Way	0.48mi	4/1.0 (+1)	1,623 (-11%)	17mo	$245,000	$151	36
3659 Mono St	0.69mi	4/1.0 (+1)	1,628 (-10%)	10mo	$355,000	$218	33
3606 E Platt Ave	0.73mi	3/1.0	1,561 (-14%)	16mo	$325,000	$208	25

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.4%
• Equity multiple: 1.64×
• Total profit: $27,039
• Equity at exit: $34,901

10-year hold

• IRR: 20.5%
• Equity multiple: 3.03×
• Total profit: $85,366
• Equity at exit: $35,546

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 93721

• Home prices YoY: -0.3%
• Active inventory: 16
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,976 high
• Mortgage (P&I): −$787
• Tax from tax record: −$90 /mo · $1,079/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $622

Break-even live

Break-even rent $1,189

Max offer price $150,000

Occupancy floor 64%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3154 E Montecito Ave Fresno, CA	2.0	1.0	1240	$1,800	$1.45	23d	1	0.26mi
2890 Huntington Blvd #121 Fresno, CA	3.0	2.5	1623	$2,200	$1.36	43d	1	0.29mi
1525 Van Ness Ave Unit 101FB Fresno, CA	2.0	3.5	2383	$3,150	$1.32	43d	1	1.13mi
1612 Fulton St Unit 103 Fresno, CA	2.0	2.5	1613	$2,250	$1.39	43d	1	1.28mi
1759 Fulton St Fresno, CA	2.0	1.0–2.5	882	$1,900	$2.15	1d	1	1.37mi

Listing history 5 events

1. 2025-10-23
   status Pending
2. 2025-10-16
   listed $150,000 Active
3. 2024-07-03
   status Pending
4. 2024-06-18
   listed $250,000 Active
5. 1984-02-21
   soldstatus $38,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $1,079 · $90/mo
• Projected year-2 tax: $1,140 · $95/mo
• Expected delta: +$61/yr (+$5/mo · 5.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $23,707
• − Mortgage interest: −$8,402
• − Property taxes: −$1,079
• − Insurance: −$750
• − Repairs & maintenance: −$1,897
• − Management: −$1,897
• − Depreciation: −$4,364
• Taxable income: $5,318
• Est. tax owed @ 24.0%: −$1,276
• After-tax cash flow: $6,183/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Fresno Unified
• NCES district ID: 0614550
• Math proficiency: 18% ▼ -12.00%
• Reading proficiency: 47% ▲ 9.00%
• Median HH income: $36,095
• Composite: 26.83/100
• National rank: #7111
• State rank: #327 of 517 in CA

Livability — Fresno

• Score: 62/100
• State rank: #469
• US rank: #15907

Category grades

Amenities D+ Commute A+ Cost of living F Crime F Employment D+ Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fresno, CA
• County: Fresno County · 834,801 people
• City population: 593,114
• Metro: Fresno, CA
• Population (ZIP): 7,225
• Household income: $40,033
• Rent vs Own: 92.4% rent · 7.6% own
• Severe rent burden: 490.0

Population outlook (Fresno County) Hauer SSP2

• Today (2025): 1,042,971 people
• By 2030: 1,072,198 · +2.8%
• By 2040: 1,122,408 · +7.6%
• By 2050: 1,157,251 · +11.0%
• By 2075: 1,182,575 · +13.4%
• By 2100: 1,105,899 · +6.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 57% White 24% Two or more races 22% Black 13% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 50%
• Common ancestry: Iranian 1% Romanian 1% Russian 1%
• Foreign-born: 14% · Canada
• Languages at home: 62% English-only · Spanish 34% Other Asian/Pacific 2% Other Indo-European 1%

Political lean MEDSL · Fresno

• 2024 margin: Toss-up / Even · D 46.5% · R 50.9% · Other 2.6%
• 2008→2024 swing: -6.5pp toward R · 2008: 2.1pp · 2024: -4.4pp
• All cycles: 2024: R+4.4 2020: D+7.8 2016: D+3.9 2012: R+2.9 2008: D+2.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.18%
• Current HPI: 392.4548
• Rent YoY: —
• Metro: Fresno, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+294.7% since first listed

5 events — show timeline

• 2025-10-23 Pending — FRESNOMLS
• 2025-10-16 Listed $150,000 FRESNOMLS
• 2024-07-03 Pending — FRESNOMLS
• 2024-06-18 Listed $250,000 FRESNOMLS
• 1984-02-21 Sold (Public Records) $38,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $1,079 · +3.9% YoY. Source: county tax records.