311 Fairview Lane, Sonora, CA 95370

311 Fairview Lane, Sonora, Tuolumne, CA, 95370
2 days ago
Views: 10

$4,100,000(Negotiable)

Overview

3505136

Type

5 or More Units

Parking

Yes

Build Year

1980

Purpose

For Sale

About This Listing

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.

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MetroList CA data Last Updated: June 9, 2026, 5:22 pm

Data Source: SACM