4-Plex with Separate Laundry
For Sale
$899,000
3420 N Van Ness Boulevard, Fresno, CA 93704
MULTI_FAMILY - Fresno, CA
Property Size4,590 SF
Lot Size0.52 Acres
Price / SF$195.86
Days on Market95
Property Features for 3420 N Van Ness Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 11, Bedroom 10, Bedroom 12, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 8, Bathroom 1, Bedroom 9, Bathroom 2, Bathroom 6, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 2, Bathroom 5
Parking features
Carport
Exterior features
Stucco, Wood
Lot features
Cul De Sac
High school district
Fresno Unified
Directions
Do not use GPS. From Shields and Maroa, go North on Moroa. Go down 3 streets. West on Cortland. Dead end into Van Ness. Left on Frontage Rd and ends at property
Subdivision
704
Standard status
Active
APN
43523314
Size
4,590 SF
Lot size
0.52 Acres
Amenities
laundry hookups
Building Details
Year built
1971
Floors in Building
1
Number of units
4
Roof type
Composition
Listing Agency:
HomeSmart PV and Associates · HomeSmart International
(559) 473-2555
Listed By:
Melissa Bowen
(209) 602-6147
Added: Apr 30
Changed: Aug 1
Last Checked: Aug 2 at 3:06AM
MLS# 648041
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained 4-plex provides an income-producing residential setup with four identical units. Each unit is 1,148 square feet and includes 3 bedrooms and 1 bathroom. Every unit has its own laundry hookups, and the property features carport parking. The building has a stucco and wood exterior and a composition roof.
Upgrades include a new roof installed in 2018, exterior painting completed within the last several years, and a complete remodel of Unit 101. The property was built in 1971 and sits on a 0.5223-acre lot.
Tenants are responsible for water and trash for their units, while the owner covers exterior water. The property is set on a quiet cul-de-sac in Fresno, positioned near Christmas Tree Lane and Gazebo Gardens.
Upgrades include a new roof installed in 2018, exterior painting completed within the last several years, and a complete remodel of Unit 101. The property was built in 1971 and sits on a 0.5223-acre lot.
Tenants are responsible for water and trash for their units, while the owner covers exterior water. The property is set on a quiet cul-de-sac in Fresno, positioned near Christmas Tree Lane and Gazebo Gardens.
Key Highlights
- Four identical units, each 1,148 SF with 3 bedrooms and 1 bathroom
- Each unit has its own laundry hookups
- Roof replacement in 2018 and exterior painting completed within the last several years
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.9k | $19.80 |
| − Vacancy | −$5.0k | −$1.09 |
| EGI | $85.9k | $18.71 |
| − OpEx | −$25.8k | −$5.61 |
| NOI | $60.1k | $13.10 |
4,590 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$858.8K
$751.5K – $1.00M
NOI $60,118 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$752.4K
$658.3K – $877.8K
NOI $52,666 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,683 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 93704, CA
28,573
Population
12,165
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
5,291
Density / Sq Mi
$69,659
Median Household Income
$45,965
Median Earnings
$1,392
Median Rent
$366,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained 4-plex with each unit featuring its own laundry hookups and carport parking.
Where is this quadplex located?
The property is located at 3420 N Van Ness Boulevard Fresno, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four identical units, each 1,148 SF with 3 bedrooms and 1 bathroom; Each unit has its own laundry hookups; Roof replacement in 2018 and exterior painting completed within the last several years
