UPDATED:
03/11/2025 06:19 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25053103
Bedrooms 2
HOA Y/N No
Lot Size 0.654 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Le Investment Group is proud to present the Fairfax Apartments. Located at 1721 N Fairfax Drive, San Bernardino, CA92404, 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 unitstwo 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.
Location
State CA
County San Bernardino
Area San Bernardino (92404)
Zoning Public Rec
Building
Lot Description Corner Lot, Cul-De-Sac
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $467
Acceptable Financing Conventional
Space Rent $24,400
Listing Terms Conventional
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