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41659 Big Bear Boulevard

Big Bear Lake, CA 92315
  • $1,600,000
  • STATUS: Active
  • ON SITE: 152 Days
  • ID#: EV24122272
UPDATED: 62 min ago
$1,600,000
  • 0
    BEDS
  • 0.83
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1986
County:

School Ratings & Info

Listing Agent(s): Michael Dolan of KELLER WILLIAMS BIG BEAR (909-866-4949)


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).

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-14T15:36:33.393. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/151701154
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41659 Big Bear Boulevard Big Bear Lake, CA 92315

  • Price: $1,600,000
  • Status: Active
  • On Site: 152 Days
  • Updated: 62 min ago
  • ID#: EV24122272
0
Beds
0
Baths
0
½ Baths
0.83
Acres
1986
Built
Neighborhood:
289 - Big Bear Area
County:
San Bernardino
Area:
289 - Big Bear Area
Property 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).
Exterior Features

Entry Level 1 Lot Features Level Roof Composition

Interior Features

Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 7.3 Common Interest None Gross Scheduled Income 159660 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 120302 Operating Expense 39358 Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-14T15:36:33.393. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Michael Dolan of KELLER WILLIAMS BIG BEAR (909-866-4949)