41659 Big Bear BLVD Active Save Request In-Person Tour Request Virtual Tour
Big Bear Lake,CA 92315
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID EV24122272
Year Built 1986
Lot Size 0.835 Acres
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 289 - Big Bear Area
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Natural Gas
Laundry None
Exterior
Roof Type Composition
Building
Lot Description Level
Story 2
Water Public
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard