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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).
Last Updated | 7/15/2024 | Year Built | 1986 |
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Community | Big Bear Area | County | San Bernardino |
Price History
Prior to Jul 15, '24 | $1,700,000 |
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Jul 15, '24 - Today | $1,650,000 |
Additional Details
AREA | Big Bear Area |
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HEAT | Natural Gas |
LOT | 0.83 acre(s) |
LOT DESCRIPTION | Level |
STORIES | 2 |
WATER | Public |
Location
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