2761 Golden Ave - Apartments FOR SALE


San Bernardino, CA 92404- Northeast Sterling
$6,800,000 USD
714-423-3819
2761 Golden Ave, San Bernardino, CA for Sale
$6,800,000 USD
Apartments - FOR SALE
1/23
null | 7.44% Cap Rate

2761 Golden Ave
San Bernardino, CA 92404
Northeast Sterling


HIGHLIGHTS

  • ProForma CAP Rate of 7.44%, Rent Growth: Rents are currently below market by an average of approximately $725 per unit/month.
  • Current CAP Rate of 4.50% – Reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy or rent growth.
  • Priced at only $168/SF – Well below the $235/SF average for comparable multifamily properties in the market, representing a 28.5% discount to market.
  • 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.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

30

PRICE/UNIT

$226,667

CAP RATE

7.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TRUST SALE - Golden Date Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,892 SF

ZONING

RM, San Bernardino

APN/PARCEL ID

0272-111-28,0272-111-29

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

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Anthony LeLe Investment GroupMore Info
714-423-3819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.