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Bailey Properties
1721 N Fairfax DR, San Bernardino, CA 92404
- $2,400,000
Listed by DARREN CORREA, from LE INVESTMENT GROUP
(If provided) CoList: from
- List Price
- $2,400,000
- Price Change
- ▼ $590,000 1789023852
- MLS#
- CRIV25053103
- Status
- ACTIVE
- Lot Size
- 28,500
- Listing Area
- 274 - San Bernardino
- Year Built
- 1963
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
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Additional Information
- Garage Parking
- Carport
- Laundry Facilities
- Community Facility
- Lot Description
- Corners Marked
- Lot Size
- 28,500
- Neighborhood
- 274 - San Bernardino
- Pool Description
- None
- Unincorporated Yn
- Yes
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