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2761 Golden Ave
San Bernardino, CA 92404
$300,000 PRICE REDUCTION TRUST SALE · Multifamily Property For Sale
·
30 Units
Investment 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.
- 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.
- Ample onsite parking including tuck-under stalls, covered spaces, open parking, and private garages.
- Current CAP Rate of 4.75% – Reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy or rent growth.
- Located on two legal lots totaling 1.37 acres, providing flexibility and long-term hold options or possibility for future development potential.
- Fully gated property for enhanced security and tenant appeal / Well-maintained swimming pool adds to tenant enjoyment and retention + Onsite laundry.
Property Facts
| No. Units | 30 | Building Size | 40,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2021 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Lot Size | 1.65 AC | ||
| Zoning | RM, San Bernardino - Multi-Family | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.65 AC |
| Building Size | 40,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2021 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | RM, San Bernardino - Multi-Family |
Amenities
Unit Amenities
- Balcony
- Storage Space
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,100 | 950 |
| 2+1 | 1 | $1,795 | 1,100 |
| 2+2 | 4 | $1,585 | 1,300 |
| 3+2 | 12 | $1,799 | 1,400 |
| 3+2.5 | 2 | $1,849 | 1,500 |
| 4+2 | 4 | $2,140 | 1,700 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,694,040 | |
| Land Assessment | $660,960 | Total Assessment | $5,355,000 |
Property Taxes
Parcel Numbers
Land Assessment
$660,960
Improvements Assessment
$4,694,040
Total Assessment
$5,355,000
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