2761 N Golden, San Bernardino, CA 92404
Local realty services provided by:ERA North Orange County Real Estate
2761 N Golden,San Bernardino, CA 92404
$6,500,000
- 8 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:albert le
Office:le investment group
MLS#:IV25229916
Source:San Diego MLS via CRMLS
Price summary
- Price:$6,500,000
About this home
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
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Home facts
- Listing ID #:IV25229916
- Added:1 day(s) ago
- Updated:October 02, 2025 at 01:33 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
Finances and disclosures
- Price:$6,500,000
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