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R3 Apartment Building
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3420 N 1st Street, Fresno, CA 93726

Multifamily asset fronting First Street near Manchester Center, River Park, and Fashion Fair Mall.

Property Size39,700 SF
Price / SF$113.32
Days on Market98

Property Features for 3420 N 1st Street

General Information

Standard status Active
Size 39,700 SF
Total Parking Spaces 50
Property subtype Multifamily
Zoning R3
Investment Type Value Add
Net Operating Income $132,978

Additional Details

Average Monthly Rent $1,199
Road Access Yes

Building Details

Year Built 1971
Buildings 2
Units 46
Tenancy Multi
Listing Agency: Northmarq
Listed By: Brendan Kane · License ##01976828
Source: Crexi
Added: May 28 Changed: Sep 2 Last Checked: Sep 1 at 10:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq

Investment Insights

Based on property information with market context.

Las Flores Apartments is a 39,700-square-foot apartment property built in 1971 and zoned R3. The asset is identified as an apartment building and is located at 3420 N 1st Street in Fresno, California.

The property fronts First Street, providing direct exposure along a major Fresno arterial. Manchester Center, River Park, and Fashion Fair Mall are immediate neighbors, while the site also benefits from access to major thoroughfares. The surrounding area includes schools and major employers, with the property positioned within a residential corridor served by established retail and dining destinations.

Key Highlights

  • 39,700‑square‑foot apartment property built in 1971
  • R3 zoning
  • Fronts First Street in Fresno

Property Analytics

Current Use

Las Flores Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Kitchen & Bath Showroom Auto Repair Shop Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

835
Businesses Nearby

Demographics for 93726, CA

42,366
Population
15,744
Households
2.7
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
6.4 sq mi
ZIP Area
6,620
Density / Sq Mi
$51,913
Median Household Income
$31,697
Median Earnings
$1,254
Median Rent
$271,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily asset fronting First Street near Manchester Center, River Park, and Fashion Fair Mall.
Where is this apartment building located?
The property is located at 3420 N 1st Street Fresno, CA.
What is the asking price?
The asking price for this property is $4,499,000.
What are key features of this property?
This property features: 39,700‑square‑foot apartment property built in 1971; R3 zoning; Fronts First Street in Fresno
(559) 289-0698 Call to check price and availability
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