$ 1,600,000
41659 Big Bear Boulevard Big Bear Lake, CA 92315
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,600,000
Est. payment /mo
Active
41659 Big Bear Boulevard Big Bear Lake, CA 92315
11,704 SqFt
UPDATED:
10/26/2024 02:15 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,704 sqft
Price per Sqft $136
MLS Listing ID CREV24122272
HOA Y/N No
Year Built 1986
Lot Size 0.835 Acres
Acres 0.83
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 Listing
Interior
Heating Natural Gas
Fireplace No
Building
New Construction No
Others
Tax ID 0309162240000
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by MICHAEL DOLAN • KELLER WILLIAMS BIG BEAR