2761 N Golden, San Bernardino, CA 92404 – CRIV25229916

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by ALBERT LE • LE INVESTMENT GROUP

$6,500,000

Est. payment - /mo

40,400 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 40,400 sqft

Price per Sqft $160

MLS Listing ID CRIV25229916

HOA Y/N No

Year Built 1964

Lot Size 1.370 Acres

Property Sub-Type Other

Source Datashare California Regional

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% â€“ Reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy over rent growth. / Priced at only $160/SF â€“ 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

Location

State CA

County San Bernardino

Interior

Fireplace No

Laundry Other

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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2761 N Golden San Bernardino, CA 92404

Sean Beattie Jr.

Key Details

Location

Interior

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