Get the App

449 Georgia Street, Big Bear Lake, CA 92315

Commercial property · 2 recorded sales since 2020

449 Georgia Street, Big Bear Lake, CA 92315 Sold May 2022 CRMLS
$1,130,000Sold May 2022

Listing Agent: JOSEPH FERRARO (DRE #02056119) · Listing Office: KELLER WILLIAMS BBLA · Contact: 909-866-4949 · Bought with: Martin Agnew · NONMEMBER MRML · MLS #EV22044137 · Source: CRMLS

16,390
Building Sq Ft
15
Units
7.60%
Cap Rate
$84,000
NOI
16,390 sqft
Lot Size
1924
Year Built
Commercial property
Type

About this commercial property

This amazing investment opportunity is located in the center of Big Bear lake, under a 5 minutes drive to the lake, Village, and Mountain resorts. There are currently 5 units on its 0.38 acre. 4 detached studios and one 2 bedroom/1 Bath... 4 of the units are fully renovated and move in ready. Unit 3 is currently being rented out as a short term rental Grossing $48,000 in 2021. The projected rents for the studio homes are $1,300 a month and $2,100 a month for the 2 bedroom/1 bath cabin once renovated. Don't miss your opportunity to invest in one of the fastest growing towns in Southern California!! Please do not disturb tenets.

Listing description from the May 2022 sale, as reported to CRMLS.

Sale history

$1,130,000
Sold May 2022 · listed $1,100,000, on market March 2022 · MLS #EV22044137 · Source: CRMLS
Listing Agent: JOSEPH FERRARO · Listing Office: KELLER WILLIAMS BBLA · Contact: 909-866-4949 · Bought with: Martin Agnew · NONMEMBER MRML
$585,000
Sold September 2020 · listed $565,000, on market August 2020 · MLS #CV20170154 · Source: CRMLS
Listing Agent: EDWIN WEN · Listing Office: RE/MAX 2000 · Contact: 909-948-2988 · Bought with: Lani Alexander · Lani Alexander
See homes for sale in Big Bear Lake Open the Nalren App

Explore Big Bear Lake