$1,600,000
41659 Big Bear Boulevard
Big Bear Lake, CA, 92315
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).
Property Details
Price:
$1,600,000
MLS #:
EV24122272
Status:
Active
Baths:
0
Address:
41659 Big Bear Boulevard
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
289bigbeararea
City:
Big Bear Lake
Listed Date:
Jun 13, 2024
State:
CA
ZIP:
92315
Year Built:
1986
Schools
Interior
Heating
Natural Gas
Exterior
Roof
Composition
Stories Total
2
Water Source
Public
Financial
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Courtesy of KELLER WILLIAMS BIG BEAR. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 41659 Big Bear Boulevard
Big Bear Lake, CA
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