311 Fairview LN, Sonora, CA 95370
311 Fairview LN, Sonora, CA 95370
311 Fairview LN, Sonora, CA 95370
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Jan Wechsler

Jan Wechsler

+1(530) 305-7827
$4,100,000
Est. payment /mo
49,299.44 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226073207

HOA Y/N No

Year Built 1980

Lot Size 49299.441 Acres

Acres 1.49

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

311 Fairview Ln is a 44-unit multifamily investment property located in Sonora, CA (APNs 002-210-030-000 and 002-210-031-000). Situated on approximately 64,904 SF across two parcels, the property offers a balanced unit mix of 22 one-bedroom units and 22 two-bedroom units. Originally built in 1980, the asset is currently 43 of 44 units occupied and presents an opportunity to increase income through future rent adjustments and operational efficiencies. Rents are approximately 20-30% below market, with average rental rates at $910 per month, and an investment in solar panels may help reduce the landlord's electricity burden caused by a common water heater. Conveniently located near downtown Sonora, shopping centers, schools, employment hubs, and major commuter routes, the property benefits from strong rental demand and stable occupancy.

Location

State CA

County Tuolumne

Area 22042

Direction From CA-49/W Stockton St, turn onto Fairview Ln. Property is located on Fairview Ln at 311 Fairview Ln, near Adventist Health Sonora.

Rooms

Other Rooms Unit-1 Approx SqFt: 576 Bedrooms: 1 Full Baths: 1 Rent: 950 SqFt Source: Not Measured

Interior

Heating Wall Furnace, Other

Cooling Wall Unit(s)

Flooring Carpet, Laminate, Linoleum, Varies by Unit

Laundry In Common Area

Exterior

Parking Features Carport, Other

Utilities Available Electric

Water Access Desc Public

Porch Balcony/Deck

Total Parking Spaces 44

Building

Lot Description None

Story 2

Foundation Other, Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sonora

Middle Schools Sonora

High Schools Sonora Union High

School District Tuolumne

Others

Senior Community No

Tax ID 002-210-030

Special Listing Condition None

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MetroList® Services, Inc
Listed by Cosol Commercial Real Estate

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Jan Wechsler

Jan Wechsler

+1(530) 305-7827

Agent | License ID: 01435253

Agent License ID: 01435253

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311 Fairview LN