2761 Golden , San Bernardino, CA 92404
  • MLS#: IV25229916 ( Apartment )
  • Street Address: 2761 Golden
  • Viewed: 5
  • Price: $6,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 31
  • Additional Information
  • County: SAN BERNARDINO
  • City: San Bernardino
  • Zipcode: 92404
  • Provided by: LE INVESTMENT GROUP
  • Contact: ALBERT ALBERT
  • California Regional MLS IDX
  • DMCA Notice
  • 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
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Features
Additional Parcels Description
  1. 0272-111-29-0000
Building Area Total
  1. 40400.00
Carport Spaces
  1. 30.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 10000.00
Fuel Expense
  1. 5000.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 25000.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. 31-35 Units/Acre
Netoperatingincome
  1. 509874.00
Newtaxesexpense
  1. 80639.00
Number Of Separate Electric Meters
  1. 31
Number Of Separate Gas Meters
  1. 31
Parcel Number
  1. 0272111280000
Parking Features
  1. None
Pool Features
  1. Community
Professionalmanagementexpense
  1. 20422.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 448327651:CRM
Taxblock
  1. 16
Totalexpenses
  1. 202083.00
Trash Expense
  1. 5000.00
Vacancyallowance
  1. 39015
Water Sewer Expense
  1. 10000.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor