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    40211 Big Bear Boulevard

    289 - Big Bear Area, CA 92315
    • $1,850,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: 21768038
    $1,850,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    8 Unit apartment and/or lodge buildings with one additional separate office space with bathroom. on Big Bear Blvd. Close to lake, and restaurants and mountain for ski. Currently lease for all for apartments, but convertible to lodge anytime if buyer wants. Currently fully occupied except one unit for owner usage. Unit #5 is office space with 1/2 bathroom with laundry room. Unit 7 with 2 bed/1bath is owner occupied. Owner will move out after sales of property. For more information, download and read the attached Offering Memorandum. Currently actual CAP is 3.4 due to vacant unit. Pro Forma GRM is 14.14 and Pro Forma CAP is 4.9% if all units are leased.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
    www.homesinthehighdesert.com/homes/119972009
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    40211 Big Bear Boulevard 289 - Big Bear Area, CA 92315

    • Price: $1,850,000
    • Status: Active
    • ID#: 21768038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    1948
    Built
    Neighborhood:
    289 - Big Bear Area
    County:
    San Bernardino
    Area:
    289 - Big Bear Area
    Property Description
    8 Unit apartment and/or lodge buildings with one additional separate office space with bathroom. on Big Bear Blvd. Close to lake, and restaurants and mountain for ski. Currently lease for all for apartments, but convertible to lodge anytime if buyer wants. Currently fully occupied except one unit for owner usage. Unit #5 is office space with 1/2 bathroom with laundry room. Unit 7 with 2 bed/1bath is owner occupied. Owner will move out after sales of property. For more information, download and read the attached Offering Memorandum. Currently actual CAP is 3.4 due to vacant unit. Pro Forma GRM is 14.14 and Pro Forma CAP is 4.9% if all units are leased.
    Exterior Features

    Carport Spaces 0 Direction Faces North Entry Location Ground Level W/Steps Parking Features Driveway Down Slope From StreetDriveway Parking Total 0 Pool Features None Pool Private YN No Spa Features None Spa YN No View CourtyardMountain(S) View YN Yes

    Interior Features

    Appliances BarbecueDishwasherDisposalGas RangeRefrigerator Cooling None Cooling YN No Flooring Carpet

    Property Features

    Garage YN No Gross Income 3600 Laundry Features Common Area Listing Agreement Seller Reserved Listing Service Limited Service Net Operating Income 90296 Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 77400 Vacancy Allowance Rate 1 Zoning C-3

    Listing provided courtesy of Steven Kwak of Realtex Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
     
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