For Sale

311 Fairview Lane, Sonora, CA 95370

311 Fairview Lane, Sonora, Tuolumne, CA, 95370
2 months ago
Views: 12

$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, 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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MetroList CA data Last Updated: June 16, 2026, 2:34 pm

Data Source: SACM