40645 Village Drive

Big Bear Lake, CA 92315

$1,450,000
Price
Beds
3,100 Sq. Ft.
$468 / Sq. Ft.
3,100
Sq. Ft.
$468
per Sq. Ft.

Description

Motivated seller! Prime Big Bear Lake is a mixed-use property in the heart of the Village. This property is located next door and in front of The Club, and across the street from the Holiday Inn Resort. The existing 3,100 sq. ft. building has been completely renovated. The Old German Deli eating and drinking establishment and a residential tenant occupy this building. The spectacular residential apartment with a partial lake view is fully furnished and includes 2 bedrooms & 2 baths with a cozy fireplace....Motivated seller! Prime Big Bear Lake is a mixed-use property in the heart of the Village. This property is located next door and in front of The Club, and across the street from the Holiday Inn Resort. The existing 3,100 sq. ft. building has been completely renovated. The Old German Deli eating and drinking establishment and a residential tenant occupy this building. The spectacular residential apartment with a partial lake view is fully furnished and includes 2 bedrooms & 2 baths with a cozy fireplace. In addition, there is a pre-construction graded lot and APPROVED BUILDING PLANS for a new 3-unit, 2 stories restaurant and residential building. Preliminary approval for separating the existing units and the newly approved building units into condominiums has been received from the City of Big Bear Lake. Condo map to be submitted. Developers and builders, don't miss out on one of the last buildable lots in the village! Not zoned for short-term renting. Please do not bother the German deli for info. The buyer is to receive an actual building permit in hand!
  1. Listed by Ime Oduok • DRE #01819628 • Brokerage DRE #01811831 • Equity Union • 310-291-6466

Property Details for 40645 Village Drive

Total Units
2.0
Lot Size Source
Public Records
Building Area Total
3100
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
0308137130000
Area
Not Defined (699)
LISTING UPDATED: 11/08/2024 03:33 AM

Property Details for 40645 Village Drive

StatusActive
MLS #SB24210193
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1960
Lot Size0.21 AC / 9,249 SF
CountySan Bernardino County

Building Information for 40645 Village Drive

Stories2Residences-Year Built1960Lot Size0.21 AC / 9,249 SF

Property Information for 40645 Village Drive

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $72,300
  • Vacancy Allowance: 2169
  • Net Operating Income: $56,631
  • Cap Rate: 4.6
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $13,500
  • Electric Expense: $0
  • Insurance Expense: $4,500
  • Maintenance Expense: $2,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Supplies Expense: $0
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Cooling: Central Air
  • Heating: Central
Exterior Features
  • Security Features: Security Lights, Smoke Detector(s)
  • Roof: Composition, Shingle
  • Fence: Yes
  • Fencing: Chain Link
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Landscaped, Lot 6500-9999, Near Public Transit, Park Nearby, Patio Home, Utilities - Overhead
  • Current Use: Commercial
  • Current Use Comments: Residential & commercial use
  • Land Use: Other
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: Electricity - On Property
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $3,650
  • Unit Type Area: 1700
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: The German Deli
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,375
  • Unit Type Area: 1400
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: Apartment
Unit Information
  • Number Of Buildings: 1

Property History for 40645 Village Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40645 Village Drive

Taxable ValueLand$306,813Additions$454,533Total$761,346
Tax Record2024$9,964 ($830 / month)
Home Facts
Total Finished SqFt1,400 SqFtAbove Grade Finished SqFt1,400 SqFtStories1Lot Size9,249 SqFtStyleStoresYear Built1966Year Renovated1990CountySAN BERNARDINOAPN0308-137-13-0000

Schools near 40645 Village Drive

This home is within Bear Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Fallsvale Elementary School
PublicK to 8

Big Bear Middle School
Public6 to 8

Big Bear High School
Public9 to 12

Chautauqua High (Continuation) School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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40645 Village Drive is a mixed use property for sale in Big Bear Lake, CA 92315. This property was listed for sale on October 10, 2024 by Equity Union, it's currently listed at $1,450,000. It has been on the market for a total of 35 days and was last sold on January 30, 2006. This listing's school district is Bear Valley Unified School District. Nearby schools include Fallsvale Elementary School, Big Bear Middle School and Big Bear High School. 40645 Village Drive is a 0-bed, 0-bath, 3,100 sqft mixed use property built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Ime Oduok, DRE #01819628

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.