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1721 N Fairfax Dr 16 Unit Apartment Building $4,097,526 CAD ($256,095 CAD/Unit) 6.15% Cap Rate San Bernardino, CA 92404
Investment Highlights
- Current Offering Actual CAP Rate of 6.15%
- Individually metered utilities, and tenant-friendly layouts designed for comfort and functionality.
- Long-Term Growth Potential & Value Appreciation
- ProForma CAP Rate of 7.00%. ProForma CAP Rate is based on Leveling off Current Rents. Current GRM of 10.21 With a ProForma GRM of 9.16
- High Demand Location Near Major Employers & Universities
- Gated Entry, On-Site Covered Parking & Laundry Facilities
Executive Summary
Le Investment Group is proud to present 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 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.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,097,526 CAD | Building Class | C |
| Price Per Unit | $256,095 CAD | Lot Size | 0.65 AC |
| Sale Type | Investment | Building Size | 14,136 SF |
| Cap Rate | 6.15% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.21 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.13/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RM, San Bernardino | ||
| Price | $4,097,526 CAD |
| Price Per Unit | $256,095 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Gross Rent Multiplier | 10.21 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 14,136 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM, San Bernardino |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Range
Site Amenities
- Laundry Facilities
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 884 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0147-233-07 | Total Assessment | $3,201,324 CAD |
| Land Assessment | $713,168 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,488,157 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0147-233-07
Land Assessment
$713,168 CAD
Improvements Assessment
$2,488,157 CAD
Total Assessment
$3,201,324 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1721 N Fairfax Dr
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