41659 Big Bear Boulevard
Big Bear Lake, CA 92315
$100,000.00 (-5.88%)
Active for $1,600,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 36,358 sqft
| MLS | EV24122272 |
| Year Built | 1986 |
| Property Type | Mixed Use |
| County | San Bernardino |
| Status | Active |
| Active | $1,600,000 |
| Structure Size | N/A sqft |
| Lot Size | 36,358 sqft |
| Beds | N/A |
| Baths | N/A |
Description
REMARKABLE MULTI-TENANT INVESTMENT OPPORTUNITY! Wait till you see the perfect, convenient location of this 48 unit office/mini storage facility with over 11,700 sq. ft. of rental space on a level, 36,358 sq. ft. street-to-street lot in the 'miracle mile' district of Big Bear Lake. Property includes 38 units of various sizes for personal/business storage and 10 office space rentals (two w/ 1600 sq. ft. and eight w/ 400 sq. ft.). Office units come complete with wet bar/kitchenette and half bathrooms (a few with showers). Lots of potential to increase monthly income. Many of the current rents are below current market rents. As of 7/13/24, CAP Rate is 7.30 based on actual income, less actual reoccurring expenses. Currently five vacancies equaling $2,013 P/M. (When 100% occupied, CAP rate is 8.5).
Listing information courtesy of: MICHAEL DOLAN, KELLER WILLIAMS BIG BEAR 909-866-6453. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Henry Bruce
REALTOR®
Direct: 562.221.5007
Email: Email Me
DRE: 01470631
DRE #01873088
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