1721 N Fairfax Dr - Apartments FOR SALE


San Bernardino, CA 92404- Pacific
$2,400,000 USD
714-423-3819
1721 N Fairfax Dr, San Bernardino, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/28
null | 7.98% Cap Rate

1721 N Fairfax Dr
San Bernardino, CA 92404
Pacific


HIGHLIGHTS

  • Recent $590,000 Price Reduction.
  • Current Offering Actual CAP Rate of 5.31% / ProForma CAP Rate of 7.98%. ProForma CAP Rate is based on Leveling off Current Rents
  • Current GRM of 8.20 WIth a ProForma GRM of 7.35
  • Units have been modernized with new flooring, fresh paint, fixtures, fixtures, kitchens & bathrooms, reducing near-term maintenance
  • 16 spacious two-bedroom, one-bathroom units, each averaging 884 square feet.
  • Ample parking, individually metered utilities.

OVERVIEW

The Fairfax Apartments at 1721 N. Fairfax Drive present an opportunity to acquire a 16-unit multifamily community in San Bernardino. Situated on approximately 0.65 acres, the property consists of four two-story residential buildings and offers a unit mix designed to serve the area's ongoing rental housing demand. Recent unit renovations have enhanced resident appeal while helping reduce future maintenance requirements. The asset benefits from proximity to schools, healthcare facilities, retail amenities, employment centers, and major transportation corridors that connect residents throughout the Inland Empire. With strong occupancy, tenant-paid gas and electricity, covered parking, and an established residential location, the property offers investors the potential for stable cash flow and long-term value appreciation within one of Southern California's largest rental markets.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

16

PRICE/UNIT

$150,000

CAP RATE

7.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$590,000 Price Reduction

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 Notice.