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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$4,100,000

Est. payment - /mo

1.49 Acres Lot

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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 1.490 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, California. Built in 1980, the asset consists of approximately 31,095 square feet situated on a 1.49-acre parcel totaling approximately 64,904 square feet. The property serves the Downtown Sonora submarket and offers a balanced unit mix of 50% one-bedroom units and 50% two-bedroom units. Current market rents in the surrounding area average approximately $950-$1,150 for one-bedroom units and $1,350-$1,500 for two-bedroom units, presenting upside potential through future rent adjustments and operational improvements. Conveniently located near downtown Sonora with access to major transportation corridors, shopping centers, schools, employment hubs, and neighborhood amenities, the property benefits from steady rental demand driven by the area's workforce housing needs. An investment in solar panels may help reduce the landlord's electricity burden caused by a common water heater.

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: 810 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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Listed by Cosol Commercial Real Estate

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage | CA DRE#02212763

Real Estate Brokerage CA DRE#02212763

311 Fairview LN Sonora, CA 95370

Realty Point, Inc.

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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