Fairfax Apartments
Type: Multifamily
1721 North Fairfax Drive San Bernardino, CA 92404
Total Number of Units: 16
Year Built: 1963
Sale Price: $3,100,000
Price per Unit: $193,750
Price per Square Foot: $219.30
CAP Rate: 5.78%
GRM: 10.59
Downpayment: $1,395,000
Net Operating Income: $179,202
Rentable Square Feet: 14,136
Lot Size: 0.654
Unit Type
2B1B
No. of Units
16
Le Investment Group is pleased to have just listed the Fairfax Apartments, a 16-unit multifamily investment property featuring spacious two-bedroom, one-bath units averaging 884 square feet. Built in 1963, the property has been modernized with recent renovations, individually metered utilities, ample parking, and select units offering private balconies/patios. Landscaped common areas and capital improvements ensure low maintenance and high rental appeal. Conveniently located near major employers, retail, and entertainment, with easy freeway access, this turnkey asset offers strong tenant demand, stable cash flow, and long-term appreciation.
