$6,500,000/mo

2761 N Golden, San Bernardino, CA 92404

  • 40,400 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon1.37acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $161/sqft
  • Property List Date Icon Listed 1 month ago

Property 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

Listing Status:
Active
Date Added:
October 1, 2025 at 05:00AM
Listing Office:
LE INVESTMENT GROUP : 909-256-7889
Listing Agent:
ALBERT LE : 909-256-7889
MLS ID:
IV25229916
  • Laundry: Common Area
  • Pool: Community
  • Parking: Parking spaces: 30
  • General: 2
  • Originating MLS: CRMLS_CRM
  • County: San Bernardino
  • Zoning: 0272111280000
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_CRM

This listing courtesy of ALBERT LE, LE INVESTMENT GROUP

Location

Schools Nearby

H

Hunt Elementary School

1342 Pumalo St, San Bernardino, CA, 92404

Grades KG-5

0.24 miles away

D

Del Vallejo Leadership and STEAM Academy

1885 E Lynwood Dr, San Bernardino, CA, 92404

Grades 6-8

0.81 miles away

P

Pacific High School

1020 Pacific St, San Bernardino, CA, 92404

Grades 9-12

0.84 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.