311 Fairview Lane, Sonora, CA 95370
- $4,100,000
- List Price
- $4,100,000
- MLS#
- 226073207
- Status
- ACTIVE
- Type
- Single Family Residential
- Zip
- 95370
- City
- Sonora
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.
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Additional Information
- Land Area (Acres)
- 1.49
- Year Built
- 1980
- Subtype
- 5 or More Units
- Subtype Description
- Apartments
- Construction
- Frame, Wood Siding
- Foundation
- Slab, Other
- Stories
- 2
- Garage
- Carport, Other
- Floor Coverings
- Carpet, Laminate, Linoleum, Varies by Unit
- Laundry Description
- In Common Area
- Cooling
- Wall Unit(s)
- Heat
- Wall Furnace, Other
- Water
- Public
- Utilities
- Electric
- Sewer
- Public Sewer
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Listing courtesy of Cosol Commercial Real Estate.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .