Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

16

Building size

14,136 sqft

Lot size

28,500 sqft

Year built

1963

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

520

MLS #

246922341

About this property

****$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

1721 N Fairfax Drive

San Bernardino, San Bernardino, CA, 92404