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    40211 Big Bear Blvd

    BIG BEAR LAKE, CA 92315
    • $1,850,000
    • STATUS: Active
    • ON SITE: 52 days
    • MLS #: 21-768038
    UPDATED: 21 min ago
    $1,850,000
    • 10
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,914
      SQFT
    • $376
      $/SQFT
    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 the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. 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.
    www.desertarealuxuryhomes.com/homes/119968845
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    40211 Big Bear Blvd BIG BEAR LAKE, CA 92315

    • Price: $1,850,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 21-768038
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    4,914
    SQFT
    $376
    $/SQFT
    1948
    Built
    Neighborhood:
    Big Bear Area
    County:
    San Bernardino
    Area:
    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 Total 0 Covered Parking 0 Direction Faces North Entry Location Ground Level W/Steps Garage Structures Total 0 Lot Size Area 13814 Other Structures None Parking Garage DrivewayAbove Street Level Patio Features Deck(S)Porch Pool Description None Pool YN No Spa None Spa YN No Style Cabin Tennis Court None Tennis YN No Total Parking 14 View Description CourtyardMountains View YN Yes

    Interior Features

    Baths Total 9.00 Common Walls Attached Cooking Appliances Gas/Electric Range Cooling None Equipment BarbequeDishwasherGarbage DisposalRefrigeratorRange/Oven Flooring Carpet Foundation Details None Heating Other Laundry Laundry AreaCommunity Laundry Equipment Own

    Property Features

    Amenities None Assessed Total Value 411186 Gross Income 3600 Gross Operating Income 128256 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 90296.00 Number Of Buildings 2 Number Of Units 8 Owner Pays GardenerOtherWater Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Cable TvElectricityGas Total Annual Expense 37960 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning C-3

    Listing provided courtesy of Steven Kwak DRE#02032570 of Realtex Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. 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.
     
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    74199 El Paseo, Suite 200
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