Homes for sale - 2761 N Golden, San Bernardino, CA 92404

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Donnie Bowen

[email protected] +1(949) 290-9754

$ 6,500,000

Est. payment | -/mo

1.37 Acres Lot

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$ 6,500,000

Est. payment | -/mo

Save

1.37 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25229916

HOA Y/N No

Year Built 1964

Lot Size 1.370 Acres

Property Sub-Type Apartment

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

Location

State CA

County San Bernardino

Area 274 - San Bernardino

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Carport Spaces 30

Pool Community

Community Features Sidewalks, Pool

Total Parking Spaces 30

Private Pool No

Building

Lot Description 31-35 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0272111280000

Energy Description 5000.0

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Lease Land No

Listed by ALBERT LE LE INVESTMENT GROUP 909-256-7889

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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