41659 Big Bear Boulevard , Big Bear Lake, CA 92315
Big Bear Lake, CA 92315
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
| MLS# | 32404019 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 98 |
| Listing Provided By | Keller Williams Big Bear - Lake Arrowhead | Mike Dolan |
Features
| SQ Feet | 11,704 |
|---|---|
| Story(s) | 1 |
| Zoning | General Commercial |
| Acreage | 36358.00 |
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Big Bear Lake |
| Zip Code | 92315 |
| Area | Big Bear Lake East |
| Subarea | Gen BB Lake East |
| Listing VS Median (in 92315) | |
Price: $1,650,000 low | high Med: $619,000 SqFt: 11,704 low | high Med: 1,268 $ / SqFt: $141 low | high Med: $488 On Site: 98 low | high Med: 54.000000 | |