41659 Big Bear Boulevard, Big Bear Lake
Big Bear Lake Home For Sale
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
Additional Information
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- City:
- Big Bear Lake
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- County:
- San Bernardino
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- Zip:
- 92315
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- MLS® #:
- EV24122272
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- Lot Size:
- 0.83
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- HOA Dues:
- $
Price Change History for 41659 Big Bear Boulevard, Big Bear Lake, (MLS® #EV24122272)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,700,000) | $1,650,000 | $50,000 (2.94%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 18th, 2024 at 2:15am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.