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$6,500,000
23 Days On Site

2761 N Golden
San Bernardino, CA 92404

For Sale|Apartment|Active
0
Beds
0
Total Baths
40,400
SqFt
$161
/SqFt
1964
Built
County:
San Bernardino
Listed by ALBERT LE of LE INVESTMENT GROUP [email protected]

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(678) 675-6575
2761 N Golden2761 N Golden2761 N Golden2761 N Golden
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HIGHLIGHTS: $300K Price Reduction - ProForma CAP Rate of 7.84%, Rent Growth: Rents are currently below market by an average of approximately $725 per unit/month. / Current CAP Rate of 4.75% – Reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy over rent growth. / Priced at only $160/SF – Well below the $235/SF average for comparable multifamily properties in the market. Property is priced 32% under market PPSF. / Located on two legal lots totaling 1.37 acres, providing flexibility and long-term hold options or possibility for future development potential. / Ample onsite parking including tuck-under stalls, covered spaces, open parking, and private garages. / Fully gated property for enhanced security and tenant appeal / Well-maintained swimming pool adds to tenant enjoyment and retention + Onsite laundry. Recent $300,000 Price Reduction - TRUST SALE, MOTIVATED SELLER. This sale presents an exceptional opportunity for an investor to unlock value through strategic rent increases, while benefiting from a stabilized asset with consistent performance. Recent rent increases of $4,200/month +/- ($50,000 +/- annually) implemented through professional third party management, establishing a clear pathway to higher cash flow. Current CAP Rate reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy and tenant stability over rent growth, keeping rents significantly below market. With 30 units, the property boasts an excellent unit mix that appeals to a broad tenant base: 7 Units: 950 Sq. Ft. 1 Bedroom - 1 Bathroom 1 Unit: 1,100 Sq. Ft. 2 Bedrooms - 1 Bathroom 4 Units: 1,300 Sq. Ft. 2 Bedrooms - 2 Bathrooms 12 Units: 1,400 Sq. Ft. 3 Bedrooms - 2 Bathrooms 2 Units: 1,500 Sq. Ft. 3 Bedrooms - 2.5 Bathrooms 4 Units: 1,700 Sq. Ft. 4 Bedrooms - 2 Bathrooms

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Listing Snapshot
Price 
$6,500,000
Days On Site 
23 Days
Bedrooms 
N/A
Inside Area (SqFt) 
40,400 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.37 Acres
Year Built 
1964
MLS® Number 
IV25229916
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing first seen on site
3 weeks agoListing updated with changes from the MLS®
General Features
Acres 
1.37
Carport 
30
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking 
None
Parking Spaces 
30
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
40400
Water Source 
Public
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
Community
Community Features
Building Access 
1
Community Features 
SidewalksPool
Financing Terms Available 
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MLS Area 
274 - San Bernardino


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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