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$1,850,000
40211 Big Bear Blvd, Big Bear, CA 92315
0 Beds
0 Baths
4,914 sqft

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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:
  • $1,850,000
  • Square Footage:
  • 4,914
  • Acreage:
  • 0.32
  • Year Built:
  • 1948
  • Listing ID #:
  • 21768038
  • Street Address:
  • 40211 Big Bear Blvd
  • City:
  • Big Bear
  • State:
  • California
  • Postal Code:
  • 92315
  • County:
  • San Bernardino
  • Community:
  • Big Bear Area
  • Listing Status:
  • Pending
  • Listing Type:
  • Residential Income
  • Building Faces:
  • North
  • Flooring:
  • Carpet
  • Number Of Units:
  • 8
  • Stories:
  • 2
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 4914
  • View:
  • Courtyard, Mountain(s)
  • Year Built:
  • 1948
  • Gross Income:
  • 3600
  • Net Operating Income:
  • 99116
  • Conforms To Zoning:
  • C-3
  • Lot Size:
  • 13814
  • Lot Square Footage:
  • 13814
  • Days On Market:
  • 290
  • Lease Rate:
  • 99000
  • On Market Date:
  • 2021-08-01
  • Originating Mls:
  • Crmls
  • Tenant Pays:
  • Cable Tv, Electricity, Gas
  • Laundry:
  • Common Area
  • Parking Description:
  • Driveway Down Slope From Street, Driveway
  • Parking Spaces:
  • 14
  • Appliances:
  • Barbecue, Dishwasher, Disposal, Gas Range, Refrigerator
  • Unit 1 Monthly Rent:
  • 2000
  • Unit 1 Total Bathrooms:
  • 1
  • Unit 1 Total Bedrooms:
  • 3
  • Unit 10 Total Bathrooms:
  • 1
  • Unit 10 Total Bedrooms:
  • 1
  • Unit 11 Monthly Rent:
  • 1300
  • Unit 11 Total Bathrooms:
  • 1
  • Unit 11 Total Bedrooms:
  • 1
  • Unit 12 Total Bathrooms:
  • 1
  • Unit 12 Total Bedrooms:
  • 2
  • Unit 13 Monthly Rent:
  • 1500
  • Unit 13 Total Bathrooms:
  • 1
  • Unit 13 Total Bedrooms:
  • 2
  • Unit 6 Monthly Rent:
  • 1100
  • Unit 6 Total Bathrooms:
  • 1
  • Unit 7 Monthly Rent:
  • 1250
  • Unit 7 Total Bathrooms:
  • 1
  • Unit 8 Monthly Rent:
  • 1100
  • Unit 8 Total Bathrooms:
  • 1
  • Unit 8 Total Bedrooms:
  • 1
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Agent Steven Kwak with Realtex Properties
  • CACRMLS

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