CA > Big Bear Lake
Big Bear Lake, CA 92315,41659 Big Bear BLVD
Big Bear Lake, CA 92315,41659 Big Bear BLVD
Big Bear Lake, CA 92315,41659 Big Bear BLVD
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,600,000
Est. payment /mo
0.83 Acres Lot
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UPDATED:

11/22/2024 06:58 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID EV24122272

HOA Y/N No

Year Built 1986

Lot Size 0.835 Acres

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).

Location

State CA

County San Bernardino

Area 289 - Big Bear Area

Interior

Heating Natural Gas

Fireplace No

Laundry None

Exterior

Roof Type Composition

Present Use Commercial

Building

Lot Description Level

Story 2

Water Public

Others

Tax ID 0309162240000

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by MICHAEL DOLAN • KELLER WILLIAMS BIG BEAR • mikedolan@bigbearproperties.com

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