41659 Big Bear Boulevard
Big Bear Lake, CA 92315
0.83 acres | #EV24122272
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).
Property Details
- CountySan Bernardino
- Original List Price$1,700,000
- MLS #EV24122272
- MLS #EV24122272
- Property TypePurchase
- Property SubtypeMixedUse
- Cost1600000
- Acres0.8347
- Utility SourcePublic
- Lot DescriptionLevel
- Year Built1986
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: MICHAEL DOLAN (#EDOLAMIC)
Listing Office: KELLER WILLIAMS BIG BEAR (#E1889)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
