2761 N Golden, San Bernardino, CA 92404
Local realty services provided by:ERA Donahoe Realty
2761 N Golden,San Bernardino, CA 92404
$6,500,000
- - Beds
- - Baths
- 40,400 sq. ft.
- Multi-family
- Active
Listed by:albert le
Office:le investment group
MLS#:IV25229916
Source:CRMLS
Price summary
- Price:$6,500,000
- Price per sq. ft.:$160.89
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 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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Home facts
- Year built:1964
- Listing ID #:IV25229916
- Added:1 day(s) ago
- Updated:October 01, 2025 at 09:26 PM
Rooms and interior
- Living area:40,400 sq. ft.
Structure and exterior
- Year built:1964
- Building area:40,400 sq. ft.
- Lot area:1.37 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$6,500,000
- Price per sq. ft.:$160.89
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