San Bernardino, CA 92404 1721 N Fairfax Drive
$3,100,000
9 more
Presented By: DARREN CORREA with LE INVESTMENT GROUP; 714-310-2840
Beds • 32
Baths • 1
SQFT • 14,136
Year Built • 1963
Home Details
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 units—two 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. DRIVE BY ONLY - DO NOT DISTURB TENANTS
Presented By: DARREN CORREA with LE INVESTMENT GROUP; 714-310-2840
Interior Features for 1721 N Fairfax Drive
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1721 N Fairfax Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces16.0
Carport Y/NYes
CitySan Bernardino
Community FeaturesFoothills, Suburban, Valley
CountySan Bernardino
DirectionsFrom I-215, take exit 46 for Highland Ave, head east, turn left on N Fairfax Dr, and the property is on the right.
Electric Expense4812.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense4812.0
Garage Spaces0.0
Garage Y/NNo
Gross Income292800.0
HOANo
Home Warranty Y/NNo
Insurance Expense7500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet28500.0
Lot Size UnitsSquareFeet
MLS Area274 - San Bernardino
MobileHomeRemainsYNNo
Net Operating Income179202.0
New ConstructionNo
Number Of Units Total16
Operating Expense101358.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot7
Trash Expense4812.0
Water Sewer Expense4812.0
Waterfront Y/NNo
Year Built1963
Year Built SourcePublicRecords
Exterior for 1721 N Fairfax Drive
Building Area Total14136.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, CulDeSac
Lot Size Acres0.6543
Lot Size Area28500.0
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCarport
Private PoolNo
SpaNo
Total Parking16.0
Water SourcePublic
Additional Details
Price History
Keegan Cin
Team Lead
Price
$3,100,000
MLS#IV25053103
List Date
03/10/2025
Property Type
Multi-Family
Phone
(310) 963-5595
