784 Berkley - Apartments FOR SALE


Big Bear Lake, CA 92315
$1,099,000 USD
909-659-7200
784 Berkley, Big Bear Lake, CA for Sale
$1,099,000 USD
Apartments - FOR SALE
1/76
null | Request Cap Rate

784 Berkley
Big Bear Lake, CA 92315


OVERVIEW

Exciting Investment Opportunity With Huge Price Reduction! with an active business license for commercial lodging, in the heart of Big Bear Lake. Discover this enchanting 5 or 4 unit multi residential complex (if needed for financing), in a beautiful tall pine tree setting. It’s ideal location is just a ten minute walk to the lake/marina, and the quaint village for shopping, dining, movies and nightlife. Ski resort is a quick, five minute drive.The crown jewel is a 3 bedroom, 2 bath main cabin with a rustic rock wood burning fireplace, wide plank pine wood flooring, beamed ceilings, modernized kitchen and baths, expansive decking, and fenced side yard. The 2 bedroom cabin has a warm, wood burning fireplace,tongue and groove ceilings, full kitchen and 3/4 bath. Three of the cabins are cozy studios, with laminate flooring, full kitchens, and 3/4 baths. Recent new concrete steps and walkways, and exterior paint. On a 16,800 Sq Ft lot, the property features gravel paths with wildflowers and an outdoor common area perfect for games, BBQ’s, and stargazing. Comes fully furnished and turnkey, ready for new owners to move in, generate immediate lodging income, or long term tenant leasing could bring up to $7000 monthly. The property’s grandfathered lodge destination exempts it from short term rental restrictions. Schedule your showing today!

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$411 USD /SF

# OF UNITS

4

PRICE/UNIT

$274,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

My Secret Garden

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,800 SF

ZONING

R3

APN/PARCEL ID

0309-234-02

ASK ABOUT THIS PROPERTY

Gary DossCompassMore Info
909-659-7200

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Gary DossCompassMore Info
909-659-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.