41659 Big Bear Boulevard, Big Bear Lake, CA 92315
Commercial property
Sold February 2025
Listing Agent: MICHAEL DOLAN (DRE #00752899) · Listing Office: KELLER WILLIAMS BIG BEAR · Contact: mikedolan@bigbearproperties.com · Bought with: MICHAEL DOLAN · KELLER WILLIAMS BIG BEAR · MLS #EV24122272 · Source: CRMLS
About this commercial property
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).
Listing description from the February 2025 sale, as reported to CRMLS.
Sale history