2706 W Ashlan Ave #134 · Fresno, CA 93705

$125,000

3 bd · 1.0 ba · 1,248 sqft · Manufactured public records · 95 Days on market

Built 2014 $100/sqft · 52% above area Est $102k · 22% over

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Why this score? — see what drove the C+ 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 +8.5/10.0
• Rent growth +3.8/5.0
• Livability +3.1/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained 3 bedroom 2 bath fully furnished Mobile home in Westlake Park (Age 55+). With a nice open layout and very spacious kitchen, this home is great for family dinners and entertaining guests. There is a large master bedroom with a sizable bathroom. Enjoy your days and nights on the beautiful porch that backs up to a walking trail through the park. A community pool, sauna, Jacuzzi, and a Club house which includes a game room and a library make this wonderful community a great place to live.

Key facts

• Walking trail
• Community pool
• Sauna

Tags

• OPEN LAYOUT
• SPACIOUS KITCHEN
• BEAUTIFUL PORCH
• WALKING TRAIL
• COMMUNITY POOL
• SAUNA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $469 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $114k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.8% 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+, schools D.
• 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.
• Market conditions: Rents rising fast (+5.2%/yr); 96 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 2,426 units permitted in Fresno County in 2024 (296 in 5+ unit buildings).
• This rent runs 36% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k 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 (-3.0% appreciation + 5.2% rent growth), your $35k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago; this cycle's ask has dropped $35k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,750 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.35% ✓
• Cap rate: 10.80%
• Cash-on-cash: 16.10%
• DSCR: 1.72
• GRM: 6.2

CMA / ARV

• ARV (median comp): $102,413
• List price: $125,000
• Delta: 22.06%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2706 W Ashlan Ave #323	0.00mi	2/2.0 (-1)	1,296 (+4%)	8mo	$112,000	$86	78
2706 W Ashlan Ave #299	0.22mi	2/2.0 (-1)	1,310 (+5%)	1mo	$165,000	$126	72
2706 W Ashlan Ave #281	0.17mi	2/2.0 (-1)	1,344 (+8%)	1mo	$89,000	$66	69
2706 W Ashlan Ave #183	0.00mi	2/2.0 (-1)	1,200 (-4%)	18mo	$75,000	$63	69
2706 W Ashlan Ave #118	0.00mi	3/2.0	1,104 (-12%)	11mo	$110,000	$100	68
2706 W Ashlan Ave #202	0.00mi	2/2.0 (-1)	1,344 (+8%)	15mo	$160,000	$119	66
2706 W Ashlan Ave #204	0.00mi	2/2.0 (-1)	1,344 (+8%)	15mo	$155,000	$115	66
2706 W Ashlan Ave #269	0.17mi	3/2.0	1,344 (+8%)	13mo	$69,167	$51	64
2706 W Ashlan Ave #229	0.00mi	3/2.0	1,368 (+10%)	21mo	$145,000	$106	62
3138 W Dakota Ave #210	0.53mi	3/2.0	1,344 (+8%)	4mo	$42,500	$32	55
2706 W Ashlan Ave #197	0.09mi	2/2.0 (-1)	1,392 (+12%)	22mo	$115,000	$83	49
3138 W Dakota Ave #45	0.62mi	2/2.0 (-1)	1,305 (+5%)	14mo	$83,000	$64	42

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

Projected returns pro-forma

-3.0% appreciation · 5.19% rent growth · sell at horizon

5-year hold

• IRR: 9.5%
• Equity multiple: 1.38×
• Total profit: $13,472
• Equity at exit: $18,638

10-year hold

• IRR: 20.4%
• Equity multiple: 2.90×
• Total profit: $66,648
• Equity at exit: $10,808

Cash invested: $35,000 (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 93705

• Rents YoY: 5.2%
• Active inventory: 96
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,688 high
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $469

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 67%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3274 W Ashlan Ave Fresno, CA	2.0	1.0	975	$1,535	$1.57	2d	5	0.44mi
3449 N Marks Ave Apt 102 Fresno, CA	2.0	1.0	827	$1,275	$1.54	24d	1	0.55mi
4144 N Valentine Ave Unit 60-147 Fresno, CA	2.0	1.0	960	$1,695	$1.77	20d	1	0.62mi
4144 N Valentine Ave Unit 60-158 Fresno, CA	2.0	1.0	960	$1,695	$1.77	24d	1	0.62mi
4144 N Valentine Ave Unit 84-118 Fresno, CA	2.0	1.0	960	$1,695	$1.77	44d	1	0.62mi
4144 N Valentine Ave Fresno, CA	2.0	1.0	960	$1,450	$1.51	16d	1	0.62mi
3058 W San Gabriel Ave Fresno, CA	3.0	2.0	1284	$2,450	$1.91	44d	1	0.64mi
4264 N Bengston Ave Unit 101 Fresno, CA	2.0	1.0	950	$1,450	$1.53	44d	1	0.66mi
1668 W Ashlan Ave Fresno, CA	2.0	1.0	877	$1,185	$1.35	24d	1	0.66mi
3328 N Marks Ave Fresno, CA	2.0	1.0	800	$1,350	$1.69	2d	7	0.67mi
4597 N Emerson Ave Apt 103 Fresno, CA	2.0	2.0	1100	$1,700	$1.55	24d	1	0.80mi
4942 N Holt Ave #103 Fresno, CA	2.0	1.0	1000	$1,395	$1.40	24d	1	0.85mi
2530 W Fountain Way Fresno, CA	2.0	1.0	860	$990	$1.15	44d	1	0.93mi
4467 N Van Dyke Ave Fresno, CA	3.0	2.0	1292	$2,195	$1.70	3d	1	0.95mi
1050 W Griffith Way Fresno, CA	1.0–2.0	1.0	723	$1,275	$1.76	12d	6	1.06mi
1493 W Fairmont Ave Unit A Fresno, CA	2.0	2.0	1050	$1,595	$1.52	24d	1	1.09mi
3581 N Parkway Dr Fresno, CA	1.0–2.0	1.0	642	$1,595	$2.48	2d	10	1.12mi
3207 W Shields Ave Fresno, CA	1.0–3.0	1.0–2.0	959	$1,725	$1.80	2d	3	1.21mi
3165 W Shields Ave Fresno, CA	2.0	1.0	565	$1,300	$2.30	2d	1	1.22mi
941 W Dakota Ave Fresno, CA	3.0	2.0	960	$1,895	$1.97	10d	2	1.23mi
3166 W Princeton Ave Fresno, CA	2.0	1.0	730	$1,300	$1.78	2d	2	1.32mi
3326 N West Ave Fresno, CA	2.0	1.0	950	$1,225	$1.29	21d	1	1.32mi
3515 W San Jose Ave Unit 9105 Fresno, CA	2.0	2.5	1115	$1,725	$1.55	44d	1	1.33mi
3515 W San Jose Ave Unit 8106 Fresno, CA	3.0	2.5	1215	$1,925	$1.58	24d	1	1.33mi
3515 W San Jose Ave Unit 15-202 Fresno, CA	2.0	2.0	915	$1,550	$1.69	16d	1	1.33mi
1212 W Andrews Ave Fresno, CA	2.0	1.0	950	$1,300	$1.37	16d	1	1.36mi
1696 W Shaw Ave Unit AVE-104 Fresno, CA	3.0	2.0	1100	$1,700	$1.55	3d	1	1.38mi
5066-5098 N Marty Ave Fresno, CA	2.0	1.0–2.0	961	$1,750	$1.82	20d	1	1.38mi
5355 N Valentine Ave Fresno, CA	2.0–3.0	1.5–2.5	1318	$2,799	$2.12	16d	1	1.47mi
3681 N Fruit Ave Unit C Fresno, CA	2.0	2.0	1224	$1,500	$1.23	24d	1	1.50mi
3960 N Fruit Ave Fresno, CA	2.0	1.0	862	$1,295	$1.50	44d	1	1.50mi

Listing history 31 events

1. 2026-06-15
   days on market $125,000 Active 95 DOM
2. 2026-06-13
   days on market $125,000 Active 93 DOM
3. 2026-06-10
   days on market $125,000 Active 90 DOM
4. 2026-06-09
   days on market $125,000 Active 89 DOM
5. 2026-06-08
   days on market $125,000 Active 88 DOM
6. 2026-06-07
   days on market $125,000 Active 87 DOM
7. 2026-06-05
   days on market $125,000 Active 84 DOM
8. 2026-06-03
   days on market $125,000 Active 83 DOM
9. 2026-06-02
   days on market $125,000 Active 82 DOM
10. 2026-06-01
    days on market $125,000 Active 81 DOM
11. 2026-05-31
    days on market $125,000 Active 80 DOM
12. 2026-05-19
    price $125,000 505-char remark

    Show marketing remark (505 chars)

    Well maintained 3 bedroom 2 bath fully furnished Mobile home in Westlake Park (Age 55+). With a nice open layout and very spacious kitchen, this home is great for family dinners and entertaining guests. There is a large master bedroom with a sizable bathroom. Enjoy your days and nights on the beautiful porch that backs up to a walking trail through the park. A community pool, sauna, Jacuzzi, and a Club house which includes a game room and a library make this wonderful community a great place to live.

13. 2026-03-31
    price $140,000 505-char remark

    Show marketing remark (505 chars)

    Well maintained 3 bedroom 2 bath fully furnished Mobile home in Westlake Park (Age 55+). With a nice open layout and very spacious kitchen, this home is great for family dinners and entertaining guests. There is a large master bedroom with a sizable bathroom. Enjoy your days and nights on the beautiful porch that backs up to a walking trail through the park. A community pool, sauna, Jacuzzi, and a Club house which includes a game room and a library make this wonderful community a great place to live.

14. 2026-03-20
    price $150,000 505-char remark

    Show marketing remark (505 chars)

    Well maintained 3 bedroom 2 bath fully furnished Mobile home in Westlake Park (Age 55+). With a nice open layout and very spacious kitchen, this home is great for family dinners and entertaining guests. There is a large master bedroom with a sizable bathroom. Enjoy your days and nights on the beautiful porch that backs up to a walking trail through the park. A community pool, sauna, Jacuzzi, and a Club house which includes a game room and a library make this wonderful community a great place to live.

15. 2026-02-26
    listed $160,000 Active 505-char remark

    Show marketing remark (505 chars)

    Well maintained 3 bedroom 2 bath fully furnished Mobile home in Westlake Park (Age 55+). With a nice open layout and very spacious kitchen, this home is great for family dinners and entertaining guests. There is a large master bedroom with a sizable bathroom. Enjoy your days and nights on the beautiful porch that backs up to a walking trail through the park. A community pool, sauna, Jacuzzi, and a Club house which includes a game room and a library make this wonderful community a great place to live.

16. 2024-04-09
    listed $140,000 Active
17. 2022-03-11
    soldstatus $110,000 Sold
18. 2022-02-11
    status Pending
19. 2022-02-05
    listed $109,900 Active
20. 2015-08-06
    price $71,000
21. 2015-08-05
    soldstatus $71,000 Sold
22. 2015-06-25
    status Backup
23. 2015-06-25
    status Pending
24. 2015-06-23
    price $74,900
25. 2015-06-16
    status Active
26. 2015-06-01
    status Pending
27. 2015-03-03
    listed $74,900 Active
28. 2013-11-27
    soldstatus $15,000
29. 2013-11-12
    price $17,500
30. 2013-11-12
    historical
31. 2013-09-08
    listed $15,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 48 unhealthy d/yr today · 50 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,253
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,620
• − Management: −$1,620
• − Depreciation: −$3,636
• Taxable income: $3,874
• Est. tax owed @ 24.0%: −$930
• After-tax cash flow: $4,704/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): 38,888
• Household income: $57,003
• Rent vs Own: 52.6% rent · 47.4% own
• Severe rent burden: 2217.0

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 0.56)
• Race & ethnicity: Hispanic / Latino 62% Two or more races 34% White 22% Black 6% Asian 6% Native American 2%
• Hispanic origin (detail): Mexican 60%
• Common ancestry: Lithuanian 1% Iranian 1% Russian 1%
• Foreign-born: 13% · Canada, China
• Languages at home: 61% 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: ▼ -331.23%
• Current HPI: 399.0061
• Rent YoY: ▲ 5.19%
• 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

+733.3% since first listed

20 events — show timeline

• 2026-05-19 Price Changed $125,000 FRESNOMLS
• 2026-03-31 Price Changed $140,000 FRESNOMLS
• 2026-03-20 Price Changed $150,000 FRESNOMLS
• 2026-02-26 Listed $160,000 FRESNOMLS
• 2024-04-09 Listed $140,000 FRESNOMLS
• 2022-03-11 Sold (MLS) $110,000 FRESNOMLS
• 2022-02-11 Pending — FRESNOMLS
• 2022-02-05 Listed $109,900 FRESNOMLS
• 2015-08-06 Price Changed $71,000 FRESNOMLS
• 2015-08-05 Sold (MLS) $71,000 FRESNOMLS
• 2015-06-25 Pending — FRESNOMLS
• 2015-06-25 Pending — FRESNOMLS
• 2015-06-23 Price Changed $74,900 FRESNOMLS
• 2015-06-16 Relisted — FRESNOMLS
• 2015-06-01 Pending — FRESNOMLS
• 2015-03-03 Listed $74,900 FRESNOMLS
• 2013-11-27 Sold (MLS) $15,000 FRESNOMLS
• 2013-11-12 Delisted — FRESNOMLS
• 2013-11-12 Price Changed $17,500 FRESNOMLS
• 2013-09-08 Listed $15,000 FRESNOMLS