Fresno Income-Producing
3420 N Van Ness Boulevard Fresno, CA 93704
3420 N Van Ness Boulevard, Fresno, CA, 93704
$899,000
For Sale
$899,000
MULTI_FAMILY - Fresno, CA
Property Size4,590 SF
Lot Size0.52 Acres
Price / SF$195.86
Days on Market79
Property Features for 3420 N Van Ness Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bedroom 7, Bedroom 12, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 9, Bathroom 2, Bathroom 6, Bathroom 5, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 11, Bedroom 10
- Parking features
- Carport
- Exterior features
- Stucco, Wood
- Standard status
- Active
- APN
- 43523314
- Size
- 4,590 SF
- Lot size
- 0.52 Acres
Building Details
- Year built
- 1971
- Floors in Building
- 1
- Number of units
- 4
- Roof type
- Composition
Listing Agency
HomeSmart PV and Associates
(559) 473-2555
802 W PINEDALE AVE STE 101, Modesto, CA
Listed by
Melissa Bowen
(209) 602-6147
Added: Apr 30 Checked: Jul 17 at 12:06 am
MLS# 648041
Listing URL
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 income-producing fourplex has been well-maintained by long-term owners and features low expenses. Recent upgrades include a new roof installed in 2018, exterior painting completed in recent years, and a complete remodel of Unit 101. Each of the four units includes its own laundry hookups. The property is located on a quiet cul-de-sac in a prime Fresno location near Christmas Tree Lane and Gazebo Gardens. Each identical unit offers 1148 square feet of living space, with 3 bedrooms and 1 bath. The lot size is 0.5223 acres and the total property size is 4590 square feet. The current rents are $1,500 per month for two units, $1400 per month for one unit, and $1341 per month for the remaining unit. Tenants are responsible for paying their own water and trash. The owner pays approximately $30 per month for exterior water, $5669 per year in taxes, $4940 per year for insurance, and $100 per month for miscellaneous maintenance.
Key Highlights
- Income‑producing 4‑plex with long‑term owners on a quiet cul‑de‑sac in Fresno
- Four identical units, each 1,148 SF, with 3 bedrooms and 1 bathroom
- Each unit has its own laundry hookups
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in Fresno with recent upgrades and low expenses.
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: Income‑producing 4‑plex with long‑term owners on a quiet cul‑de‑sac in Fresno; Four identical units, each 1,148 SF, with 3 bedrooms and 1 bathroom; Each unit has its own laundry hookups
