1721 N Fairfax Dr San Bernardino, CA 92404

$2,020,000 Sold Price as of 06/28/2018

-- Beds
-- Baths
14,136 Sq.Ft.

Off Market

$2,020,000 Sold Price as of 06/28/2018 Refinance Your Mortgage

Map preview of 1721 N Fairfax Dr, San Bernardino, CA 92404

Property Overview: 1721 N Fairfax Dr San Bernardino, CA has -- bedrooms, -- bathrooms, 14,136 living square feet and 28,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1721 N Fairfax Dr is currently an off market home in the city of San Bernardino. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of San Bernardino has a median list price of $489,369. The median price per/sqft for San Bernardino is $348. With those numbers in mind, if you are looking to purchase a median priced home in San Bernardino, CA and put 20% down you will need to save up $97,874 for the down payment and will need roughly $9,788 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in San Bernardino the commission could be as much as $25,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1721 N Fairfax Dr

Last sold for $2,020,000 on June 28th, 2018

September, 2020
Sep 15, 2020

Date

Canceled

CRMLS: IV20080706

$2,349,000

Price
May 27, 2020

Date

Price Change

CRMLS: IV20080706

$2,349,000

Price
Apr 29, 2020

Date

Active

CRMLS: IV20080706

$2,399,000

Price
Listing provided courtesy of CRMLS

Current Offering Actual CAP Rate of 6.33%. ProForma CAP Rate of 6.91%. ProForma CAP Rate is Achieved With The Next Legal 7% Rental Increase. Current GRM of 9.69 WIth a ProForma GRM of 9.06. High Annual Occupancy Location. The Property Was Renovated Recently and Includes New Exterior Paint, Updated Landscaping, New Vinyl Windows Throughout, New Window/wall A/C Units in Each Unit, (2) New Water Heaters. Interior Updates Include, Updated Flooring, Interior Paint and Cabinet Replacements. Approximately 10 of 16 Units Have Has Interior Work Completed Recently. Pride Of Ownership, Absolute Turn Key, Financeable Asset. Recent Capital Improvements. The Property is 100% Occupied and Located in a High Infill Residential Neighborhood. Property is Located in the Opportunity Zone. The State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in opportunity Zones may be eligible for preferential tax treatment. Ideal 1031 Exchange Property With Stable Cashflow. Additional Laundry Income With Owned Laundry Equipment. (Estimated Over $4,000+ Annually). Gated Entry & Covered Onsite Parking for Added Tenant Security.

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June, 2018
Jun 29, 2018

Date

Sold

CRMLS: OC18065252

$2,020,000

Price
Mar 30, 2018

Date

Active Under Contract

CRMLS: OC18065252

$1,999,900

Price
Mar 22, 2018

Date

Active

CRMLS: OC18065252

$1,999,900

Price
Listing provided courtesy of CRMLS

Great investment for this 16 units apartment!!! Each unit consists of 2 beds 1 bath with an average Square footage of 884 per unit. The property is right next to school. Great CASH FLOW!!! 100% Occupied. Very low maintenance cost. The owner recently remodel the units. There are 4 separate buildings, with 4 different address: 1721,1725,1729 and 1731 Fairfax Dr., San Bernardino, all 4 building are in the same parcel. Each building has two stories and 4 units which is 2 units up and 2 units down. Each unit has one covered carport. Landlord pays for water and trash. Tenants pays for gas and electricity. The property is to be sold AS IS. Please drive by only, the manager or tenants doesn't aware the apartment is for sale. The onsite Manager receives $600/month credit toward her rent. **** VERY HIGH CAP RATE 8.73% ****

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June, 2018
Jun 28, 2018

Date

Sold (Public Records)

Public Records

$2,020,000

Price
February, 2018
Feb 1, 2018

Date

Expired

CRMLS: OC17235439

$1,950,000

Price
Oct 13, 2017

Date

Active

CRMLS: OC17235439

$1,950,000

Price
Listing provided courtesy of CRMLS

Great investment for this 16 units apartment!!! Each unit consists of 2 beds 1 bath with an average Square footage of 883 per unit. The property is right next to school. Great CASH FLOW!!! 100% Occupied. Very low maintenance cost. The owner recently remodel the units. There are 4 separate buildings, with 4 different address: 1721,1725,1729 and 1731 Fairfax Dr., San Bernardino, all 4 buildings are in the same parcel. Each building has two stories and 4 units which is 2 units up and 2 units down. Each unit has one covered carport. Landlord pays for water and trash. Tenants pays for gas and electricity. The property is to be sold AS IS. Please drive by only, the manager or tenants doesn't aware the apartment is for sale. The onsite Manager receives $400/month credit toward her rent. **** VERY HIGH CAP RATE 7.79% ****

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October, 2017
Oct 13, 2017

Date

Expired

CRMLS: OC17105349

$1,999,000

Price
May 12, 2017

Date

Active

CRMLS: OC17105349

$1,999,000

Price
Listing provided courtesy of CRMLS

Great investment for this 16 units apartment!!! Each unit consists of 2 beds 1 bath with an average Square footage of 884 per unit. The property is right next to school. Great CASH FLOW!!! 100% Occupied. Very low maintenance cost. The owner recently remodel the units. There are 4 separate buildings, with 4 different address: 1721,1725,1729 and 1731 Fairfax Dr., San Bernardino, all 4 building are in the same parcel. Each building has two stories and 4 units which is 2 units up and 2 units down. Each unit has one covered carport. Landlord pays for water and trash. Tenants pays for gas and electricity. The property is to be sold AS IS. Please drive by only, the manager or tenants doesn't aware the apartment is for sale. The onsite Manager receives $750/month credit toward her rent. **** VERY HIGH CAP RATE 7.72% ****

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September, 2016
Sep 30, 2016

Date

Sold (Public Records)

Public Records

$1,495,000

Price

Tax History for 1721 N Fairfax Dr

Assessed Value (2020): $2,101,608

Year	Land Value	Improved Value	Assessed Value
2020	$468,180	$1,633,428	$2,101,608

About 1721 N Fairfax Dr

Detailed summary of property

1721 N Fairfax Dr is categorized with a use code of Apartments (Generic) in San Bernardino, CA 92404 and last sold on June 28, 2018 for $2,020,000. This property has -- bedrooms, -- bathrooms, roughly 14,136 living square feet, and sits on an approximately 28,500 square foot lot. Homes in San Bernardino are selling for a median price of $500,000 and a median price per square foot of $361. Based on Ardent Real Estate Group's San Bernardino Market Data, this home is sold 304% higher than the current median priced home. 1721 N Fairfax Dr was last sold on June 28, 2018 for $2,020,000. Local nearby listings include 1025 N Tippecanoe Ave #127, 25546 Amanda St and 1025 N Tippecanoe Ave #149. The average home in San Bernardino, CA is selling in 58 days. There are currently 449 homes for sale in the San Bernardino real estate market and 407 of them are single family homes while 38 of them are condos and 4 are townhomes. If you are the homeowner and looking to sell the home at 1721 N Fairfax Dr San Bernardino, CA 92404 contact Ardent Real Estate Group and we will put you in touch with one of our San Bernardino agents.

Public Facts for 1721 N Fairfax Dr

Public county record property details

Beds: --
Baths: --
Year built: 1963
Sq. Ft.: 14,136
Lot Size: 28,500
Stories: 2

Type: Apartments (Generic)
Pool: No
Spa: No
County: San Bernardino
Lot#: 7
APN: 0147-233-07-0000

The source for these homes facts are from public records.

92404 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$489,000

Median List Price/Sq.Ft.

$327

Median Sold Price

$515,000

Median Sold Price/Sq.Ft.

$335

Total Inventory

130

Median Sale to List Price %

100.98%

Avg Days on Market

Loan Type

Conventional (36.36%), FHA (51.52%), VA (3.03%), Cash (3.03%), Other (6.06%)

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(714) 706-1823

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