2761 N Golden, San Bernardino, CA 92404

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Glen Henderson

[email protected] +1(619) 889-7646

$6,500,000

Est. payment - /mo

8 Beds

6 Baths

1.37 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25229916

Bedrooms 8

Lot Size 1.370 Acres

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

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

Location

State CA

County San Bernardino

Zoning Assessor

Direction Golden Ave

Interior

Fireplace No

Exterior

Pool Community/Common

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 0272111280000

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Listed by ALBERT LE LE INVESTMENT GROUP

Nearby School & Business

SCHOOLS PROPERTIES

Elementary Schools 20

9

Hillside Elementary School

Public | KG - 6
8

Colonel Joseph C. Rodriguez Preparatory Academy

Public | 4 - 8
5

North Park Elementary School

Public | KG - 6
5

Marshall Elementary School

Public | KG - 6
5

Riley Elementary School

Public | KG - 5
5

Juanita Blakely Jones Elementary School

Public | KG - 6
5

Bradley Elementary School

Public | KG - 6
5

Roger Anton Elementary School

Public | KG - 6
5

Fairfax Elementary School

Public | KG - 6
5

Belvedere Elementary School

Public | KG - 6
4

Hardy Brown College Preparatory

Public | KG - 8
4

Arrowhead Elementary School

Public | KG - 6
4

Wilson Elementary School

Public | KG - 5
4

Parkside Elementary School

Public | KG - 6
4

E. Neal Roberts Elementary School

Public | KG - 5
4

Emmerton Elementary School

Public | KG - 3
3

Newmark Elementary School

Public | KG - 6
3

Captain Leland Norton Elementary School

Public | KG - 6
3

Warm Springs Elementary School

Public | KG - 6
2

Del Rosa Elementary School

Public | KG - 6

Middle Schools 11

5

Serrano Middle School

Public | 6 - 8
4

Arrowview Middle School

Public | 6 - 8
4

Public Safety Academy

Public | 6 - 12
4

Curtis Middle School

Public | 7 - 8
3

Golden Valley Middle School

Public | 6 - 8
2

New Vision Middle School

Public | 6 - 8
1

Center for Learning and Educational Success

Public | 7 - 12
1

Del Vallejo Middle School

Public | 6 - 8
0

East Valley Community Day

Public | 7 - 12
0

Community School/Independent Alternative Education

Public | 6 - 12
0

San Bernardino City Community Day

Public | 7 - 12

High Schools 8

5

San Gorgonio High School

Public | 9 - 12
3

San Bernardino High School

Public | 9 - 12
1

Pacific High School

Public | 9 - 12
1

Indian Springs High School

Public | 9 - 12
0

San Bernardino County Regional Occupational Program

Public | 9 - 12
0

Sierra High School

Public | 9 - 12
0

Aquinas High School

Private | 9 - 12
0

San Andreas High School

Public | 10 - 12

School and business data provided by Attom Data.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2761 N Golden San Bernardino, CA 92404

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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