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$6,500,000

Est. payment - /mo

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1.37 Acres Lot

Active

2761 N Golden San Bernardino, CA 92404

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Frank Sottile

sottilerealestate@gmail.com +1(760) 952-0019

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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

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

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

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 10

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

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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Frank Sottile

Broker Associate | License ID: 00900300

+1(760) 952-0019

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2761 N Golden San Bernardino, CA 92404

Frank Sottile

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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2761 N Golden