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Listed by DARREN CORREA • LE INVESTMENT GROUP
$2,400,000
Est. payment /mo
14,136 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 14,136 sqft
Price per Sqft $169
MLS Listing ID IV-25053103
Year Built 1963
Lot Size 0.654 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
****$590K Price Reduction****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 consist of 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. DRIVE BY ONLY - DO NOT DISTURB TENANTS
Location
State CA
County San Bernardino
Area 274 - San Bernardino
Interior
Laundry Community
Exterior
Parking Features Carport
Pool None
Community Features Foothills, Suburban, Valley
Building
Lot Description Corner Lot, Cul-De-Sac
Sewer Public Sewer
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Nearby Locations
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Naghmeh Keyvani
Broker Associate License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823