28200 Highway 189 Ste F-150,Lake Arrowhead,CA 92352US 909.300.5882
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41659 Big Bear Boulevard, Big Bear Lake, CA, 92315

  • $1,600,000
Big Bear Area
CommercialSale Active
41659 Big Bear Boulevard, Big Bear Lake, CA, 92315
Big Bear Area
  • $1,600,000

Overview

Property ID: EV24122272
  • 0.8347
  • Lot SquareFeet
  • 1986
  • Year Built

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).

Details

Updated on November 22, 2024 at 9:04 pm
  • Property ID: EV24122272
  • Price: $1,600,000
  • Year Built: 1986
  • Property Type: MixedUse
  • Property Status: CommercialSale

Additional details

  • Stories Total: 2
  • Days on Market: 161
  • Listing Broker: KELLER WILLIAMS BIG BEAR
  • Listing Agent: MICHAEL DOLAN
  • Lot Size Area: 36358
  • Listing Agent DRE#: 00752899

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Contact Information

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Destiney Roxburgh, REALTOR®

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MLS Source Origin: California Regional MLS

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Destiney Roxburgh, REALTOR®
  • Destiney Roxburgh, REALTOR®