2761 N Golden, San Bernardino, California 92404
- $6,500,000
- $6,500,000
Overview
- Apartment, Residential Income
- 40400 Sqft
- 1964
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
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Address: 2761 N Golden
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City: San Bernardino
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State/county: CA
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Zip/Postal Code: 92404
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Country: US
Details
Updated on March 21, 2026 at 12:13 am-
Property ID IV25229916
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Price $6,500,000
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Property Size 40400 Sqft
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Land Area 1.37 Acres
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Year Built 1964
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Submit
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Sewer Public Sewer
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County San Bernardino
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Property Type Residential Income
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Pool Community
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Parking None
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Community Features Sidewalks, Pool
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