1721 N Fairfax Dr - Apartments FOR SALE


San Bernardino, CA 92404- Pacific
$3,100,000 USD
714-423-3819
1721 N Fairfax Dr, San Bernardino, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/18
null | 5.78% Cap Rate

1721 N Fairfax Dr
San Bernardino, CA 92404
Pacific


HIGHLIGHTS

  • Current Offering Actual CAP Rate of 5.78%
  • ProForma CAP Rate of 6.51%. ProForma CAP Rate is based on Leveling o? Current Rents. Current GRM of 10.59 With a ProForma GRM of 9.50
  • Individually metered utilities, and tenant-friendly layouts designed for comfort and functionality.
  • High Demand Location Near Major Employers & Universities
  • Long-Term Growth Potential & Value Appreciation
  • Excellent Transportation & Commuter Accessibility

OVERVIEW

Le Investment Group is proud to present the Fairfax Apartments. Located at 1721 N Fairfax Drive, San Bernardino, CA 92404, this 16-unit apartment complex, built in 1963, spans 14,136 square feet on a 0.65-acre lot. The property consists of four two-story buildings, each containing four units—two on the ground floor and two on the upper level. Each unit offers two bedrooms and one bathroom, with an average size of 884 square feet. Recent renovations have modernized the units, enhancing their appeal to tenants while reducing maintenance costs for ownership. The property boasts strong occupancy rates, ensuring stable cash flow and long-term investment potential. Its prime location near educational institutions, healthcare facilities, major shopping centers, and recreational areas further strengthens its desirability, attracting a broad tenant base and contributing to consistent demand and profitability.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

16

PRICE/UNIT

$193,750

CAP RATE

5.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

RM, San Bernardino

APN/PARCEL ID

0147-233-07

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

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Anthony LeLe Investment GroupMore Info
714-423-3819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.