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40211 Big Bear BLVD Big Bear, CA 92315
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Key Details
Sold Price $1,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,914 sqft
Price per Sqft $366
MLS Listing ID 21768038
Sold Date 07/28/22
HOA Y/N No
Year Built 1948
Lot Size 0.317 Acres
Acres 0.3171
Property Description
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.
Location
State CA
County San Bernardino
Area 289 - Big Bear Area
Zoning C-3
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Cooling None
Flooring Carpet
Fireplace No
Appliance Barbecue, Dishwasher, Disposal, GasRange, Refrigerator
Laundry CommonArea
Exterior
Garage DrivewayDownSlopeFromStreet, Driveway
Pool None
View Y/N Yes
View Courtyard, Mountains
Parking Type DrivewayDownSlopeFromStreet, Driveway
Total Parking Spaces 14
Private Pool No
Building
Faces North
Story 2
New Construction No
Others
Senior Community No
Tax ID 0307184070000
Special Listing Condition Standard
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Bought with Justin White • Justin White