1721 N Fairfax Drive,  San Bernardino CA, 92404 (Residential Income)

14,136 sqft
Status: Sold
MLS#: OC16148886
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Last Updated: 12/3/2016 10:47 AM
Description for 1721 N Fairfax Drive San Bernardino, CA 92404
100% Occupied. Fantastic Cash Flow. This Multifamily Asset, Next To School, Consists Of 16- 2 Bds, 1 Bath Units. This Large Parcel Has 4 Separate Buildings Each Housing 4 Units With A Center Courtyard. The Buildings Are Two Stories Each- 2 Units Up, 2 Units Down. All Units With Kitchen And Dinning Area And Large Living Rooms. Building Has Laundry Room And Carport Parking For All Tenants. According To Title Records There's A Gross Square Footage Of 14,136 Which Calculates To An Average Square Footage Of 884 Per Unit And $109.29 Per Square ft. Much Cheaper Than New Construction ( Buyers should verify). Last 14 Months The Owner Has Spent Close To $110k To Remodel The Units. Remodeling Is Now Done. Most Units Have Ceramic Tile, Wood And Carpet Making This Property Very Low Maintenance. 16 Separate Gas And Electrical Meters. Landlord Pays For Water And Trash. Tenant Pays For Gas And Electricity. Please Drive By Only And Do Not Tell The Manager Or Tenants The Building Is For Sale. Note; Onsite Manager receives $750/Month Credit Toward Her Rent.
Price
Sold Price:
$1,495,000
Sold Date:09/30/2016
San Bernardino
14,136 (approx)
OC16148886
Closed
Description
100% Occupied. Fantastic Cash Flow. This Multifamily Asset, Next To School, Consists Of 16- 2 Bds, 1 Bath Units. This Large Parcel Has 4 Separate Buildings Each Housing 4 Units With A Center Courtyard. The Buildings Are Two Stories Each- 2 Units Up, 2 Units Down. All Units With Kitchen And Dinning Area And Large Living Rooms. Building Has Laundry Room And Carport Parking For All Tenants. According To Title Records There's A Gross Square Footage Of 14,136 Which Calculates To An Average Square Footage Of 884 Per Unit And $109.29 Per Square ft. Much Cheaper Than New Construction ( Buyers should verify). Last 14 Months The Owner Has Spent Close To $110k To Remodel The Units. Remodeling Is Now Done. Most Units Have Ceramic Tile, Wood And Carpet Making This Property Very Low Maintenance. 16 Separate Gas And Electrical Meters. Landlord Pays For Water And Trash. Tenant Pays For Gas And Electricity. Please Drive By Only And Do Not Tell The Manager Or Tenants The Building Is For Sale. Note; Onsite Manager receives $750/Month Credit Toward Her Rent.
Listing Information
Property Type: Cluster, Other
0.65 Acres 2,850,000 sq.ft. 14,136 (approx)
$105.76 1963
Yes- 16 spaces
4 Total
Neighborhood
Room Information
Outside
Interior Features
Carpet Wall to Wall, Ceramic Tile
Window/Wall Unit
Wall Unit
Exterior / Lot Features
16 Garage Spaces, 16 Parking Spaces, Garage
150X190
Curbs Walk
Driving Directions
Cross Streets: Fairfax Drive and Cross Street
Financial Considerations
0147233070000
$148,740 Income ,$50,503Expense
Listing Price History

San Bernardino Real Estate

San Bernardino is located in California. San Bernardino, California 92404 has a population of 210,624.

The median household income in San Bernardino, California 92404 is $39,097. The median household income for the surrounding county is $54,750 compared to the national median of $53,046. The median age of people living in San Bernardino 92404 is 28.8 years.

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Courtesy: Pridemark Group Mike Sadeghi
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