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$6,000,000
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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
Full Property Details
Full Property Details for 2761 N Golden
General
- Sold For: $6,000,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: IV25229916
- Added to Site: 183 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: Community
Parking
- Parking Features: None
- Parking: None
Location
- Area: 274 - San Bernardino
- County: San Bernardino
- Development Name: 274 - San Bernardino
- Driving Directions: Golden Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 31
- # Electric Meters: 31
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 40,400
- Year Built: 1964
Unit Information
Unit 1
- Number of Units: 7
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 4
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 12
- Total Bathrooms: 2
- Bedrooms: 3
Unit 5
- Number of Units: 2
- Total Bathrooms: 3
- Bedrooms: 3
Unit 6
- Number of Units: 4
- Total Bathrooms: 2
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 1.37
- Lot Size Source: Assessor
- Lot Description: 31-35 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $148.51
- Price Per Unit: 216667
Listed by Le Investment Group, ALBERT LE
Sold by Wetrust Realty, Hui Xia
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Schools
Schools serving 2761 N Golden
School District:San Bernardino City Unified School District
| Name | Grades | Distance |
|---|---|---|
Hunt Elementary School 1342 Pumalo Street East, San Bernardino, CA 92404 | K-5 | 0.3 mi |
Del Vallejo Middle School 1885 East Lynwood Drive, San Bernardino, CA 92404 | 6-8 | 0.8 mi |
Pacific High School 1020 Pacific Street, San Bernardino, CA 92404 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2761 N Golden
Date
Details
Price
Change
Source
3/19/2026
Sold
$6,000,000
-7.69%
MLS
10/01/2025
Listed
$6,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2761 N Golden, San Bernardino, CA 92404 (MLS# IV25229916) is a Multi-Family property that was sold at $6,000,000 on March 19, 2026. Want to learn more about 2761 N Golden? Do you have questions about finding other Multi-Family real estate for sale in San Bernardino? You can browse all San Bernardino real estate or contact a Coldwell Banker agent to request more information.

