Views
Address
40211 Big Bear Boulevard Big Bear, CA
Price
$ 1,850,000
Property Attributes
  • MLS#21768038
  • TypeIncome
  • CountySAN BERNARDINO
  • CityBig Bear
  • AreaBig Bear Area
  • Zip92315
  • Style
  • Price$ 1,850,000
  • Bedrooms10
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage4914
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Steven Kwak with Realtex Properties - 323-304-0207
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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. It is 8 unit apartment, but office has #5 on the door. Unit #6 is vacant very recently, and can be lease beginning of escrow if the buyer would want. 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 4.57 due to vacant unit which are intentionally vacant and one unit is owner user. Many people want to move in. Pro Forma GRM is 13.23 and Pro Forma CAP is 5.36% if all units are leased.

Price History
8/3/2021 Listed $1,850,000

General Features

Appliances Barbecue, Dishwasher, Disposal, Gas Range, Refrigerator
Cooling None
Facing Direction North
Flooring Carpet
Listing Agent Steven Kwak - BRE#02032570
Listing Agent State License 02032570
Lot Size Square Feet 13814
MLS Area 289 - Big Bear Area
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Spa Features None
Special Listing Conditions Standard
Status Active
Total Actual Rent 99000
Total Units 8
View Courtyard, Mountain(s)
Zoning C-3

Interior Features

Laundry Features Common Area

Exterior Features

Lot Size Acres 0.32
Lot Size Area 13814
Lot Size Units Square Feet
Number of Buildings 2
Parking Features Driveway Down Slope From Street, Driveway
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92315

Price
AVG $1.18M
$1.85M
Visits
AVG 70
85
Year Built
AVG 1963
1948
Walkscore
AVG 45
47
Data Provided by Walkscore ® not using MLS data

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