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Sold for $6,000,000
  • Listed by: LE INVESTMENT GROUP • ALBERT LE • Contact: 909-256-7889
    Bought with: Wetrust Realty
    $6,000,000

    2761 N Golden Ave, San Bernardino, CA 92404

    75beds
    54baths
    40,400sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $5,968,700 Zestimate®
    $149/sqft
    $1,711 Estimated rent

    Home value

    $5,968,700

    $5.43M - $6.57M

    $1,711/mo

    Zestimate® history
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    $37,875/mo

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    What's special

    Well-maintained swimming poolOpen parkingFully gated propertyTuck-under stallsAmple onsite parkingCovered spacesPrivate garages
    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

    Zillow last checked:

    Listing updated:

    Listed by:

    ALBERT LE DRE #01468313 909-256-7889,

    LE INVESTMENT GROUP

    Bought with:

    Hui Xia, DRE #02132366

    Wetrust Realty

    Source: CRMLS,MLS#: IV25229916MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 75
    • Bathrooms: 54
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 40,400
    • Total interior livable area: 40,400 sqft

    Property

    Parking
    • Total spaces: 30
    • Parking features: None
    • Carport spaces: 30
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: Community
    Lot
    • Size: 1.37 Acres
    • Features: 31-35 Units/Acre
    Details
    • Additional parcels included: 0272111290000
    • Parcel number: 0272111280000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks, Pool
    Location
    • Region: San Bernardino

    Financial & listing details

    • Price per square foot: $149/sqft
    • Date on market: 10/1/2025
    • Cumulative days on market: 131 days
    • Listing terms: Submit

    Price history

    DateEventPrice
    3/19/2026Sold$6,000,000-7.7%$149/sqft
    Source: CRMLS #IV25229916 Report a problem
    2/12/2026Pending sale$6,500,000$161/sqft
    Source: CRMLS #IV25229916 Report a problem
    10/1/2025Listed for sale$6,500,000$161/sqft
    Source: CRMLS #IV25229916 Report a problem
    3/5/2021Listing removed--
    Source: Owner Report a problem
    3/18/2020Listing removed$1,275
    Source: Owner Report a problem
    2/28/2020Listed for rent$1,275-1.9%
    Source: Owner Report a problem
    9/24/2019Listing removed$1,300
    Source: Zillow Rental Manager Report a problem
    9/11/2019Listed for rent$1,300+10.6%
    Source: Zillow Rental Manager Report a problem
    5/14/2019Listing removed$1,175
    Source: Owner Report a problem
    5/7/2019Listed for rent$1,175-2.1%
    Source: Owner Report a problem
    5/3/2018Listing removed$1,200
    Source: Owner Report a problem
    4/18/2018Listed for rent$1,200
    Source: Owner Report a problem
    4/26/2017Listing removed$1,200
    Source: Owner Report a problem
    4/21/2017Listed for rent$1,200+14.3%
    Source: Owner Report a problem
    3/15/2017Listing removed$1,050
    Source: Owner Report a problem
    2/16/2017Listed for rent$1,050-12.5%
    Source: Owner Report a problem
    2/27/2016Listing removed$1,200
    Source: Owner Report a problem
    2/1/2016Price change$1,200-14.3%
    Source: Owner Report a problem
    12/29/2015Price change$1,400+16.7%
    Source: Owner Report a problem
    10/29/2015Price change$1,200-14.3%
    Source: Golden Avenue Report a problem
    5/22/2015Price change$1,400+16.7%
    Source: Golden Avenue Report a problem
    1/24/2015Listed for rent$1,200
    Source: Postlets Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: DRNAG

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,968,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,968,700