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Listed by Terri Barrett • RE/MAX TIME REALTY
$900,000
Est. payment /mo
770 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 770 sqft
Price per Sqft $1,168
MLS Listing ID CRCV25194758
HOA Y/N No
Year Built 1940
Lot Size 4.040 Acres
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
3207 N. Valentine Avenue offers a rare opportunity to acquire ±4.04 acres of RM-1 zoned land in the growing Northwest Fresno submarket. The rectangular parcel sits within an established residential corridor and is zoned RM-1 (Residential Multi-Unit – Low to Medium Density), allowing for up to 16 units per acre by right, with additional density potential under California State Density Bonus Law. This means developers could unlock even more units by incorporating affordable housing elements, increasing both revenue and impact. Strategic Location and Site Features The site has direct frontage along N. Valentine Avenue and benefits from immediate proximity to Highway 99, providing strong access to regional transit and employment centers. The parcel is flat and efficiently shaped, making it ideal for phased development, build-for-rent townhome communities, cottage courts, or other low-to-mid density rental housing formats. An existing ±770 SF single-family residence is currently tenant-occupied and generating $1,000/month in rental income, offering holding income during entitlement or predevelopment phases. All utilities are believed to be nearby, and the site is located within a designated Priority Area per Fresno's General Plan, which may offer further incentives or streamlined
Location
State CA
County Fresno
Interior
Fireplace No
Laundry See Remarks
Building
Lot Description Other
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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