$3,900,000

311 Fairview Ln, Sonora, CA 95370

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1.49 acres

Residential Income · Multi Family · Built 1980 · 131 days on Properkey

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.

Agent & source

Listed by
Jacob I. Friedrich
Brokerage
Cosol Commercial Real Estate
DRE
#02017662
Email
[email protected]
MLS # 226073207 Source MetroList Services

Property details

Rooms & Layout

Levels
2 stories
Laundry
In Common Area

Building & Construction

Construction Materials
Frame, Wood Siding
Foundation
Slab, Other

Exterior & Parking

Parking
Carport, Other
Patio & Porch
Balcony/Deck

Interior & Comfort

Heating
Wall Furnace, Other
Cooling
Wall Unit(s)
Flooring
  • Carpet
  • Laminate
  • Linoleum
  • Varies by Unit

Utilities

Water Source
Public
Sewer
Public Sewer
Electric

Nearby

Active Pending Closed Rental
Elementary
Sonora District
Middle
Sonora District
High
Sonora Union High District

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All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable.

Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated: October 18, 2026 6:00 PM PT
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