2761 N Golden, San Bernardino, California 92404
  • $6,500,000

Overview

Property ID: IV25229916
  • Apartment, Residential Income
  • Property Type
  • 40400 Sqft
  • Area Size
  • 1964
  • Year Built

Description

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

  • Address: 2761 N Golden
  • City: San Bernardino
  • State/county: CA
  • Zip/Postal Code: 92404
  • Country: US

Details

Updated on March 21, 2026 at 12:13 am
  • Property ID IV25229916
  • Price $6,500,000
  • Property Size 40400 Sqft
  • Land Area 1.37 Acres
  • Year Built 1964
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Submit
  • Sewer Public Sewer
  • County San Bernardino
  • Property Type Residential Income
  • Pool Community
  • Parking None
  • Community Features Sidewalks, Pool

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