41659 Big Bear Boulevard

Big Bear Lake, CA 92315

$1,600,000
Price
—
Beds
11,704 Sq. Ft.
$137 / Sq. Ft.
11,704
Sq. Ft.
$137
per Sq. Ft.

Description

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...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).
  1. Listed by MICHAEL DOLAN • DRE #00752899 • Brokerage DRE #02153881 • KELLER WILLIAMS BIG BEAR • mikedolan@bigbearproperties.com

Property Details for 41659 Big Bear Boulevard

Lot Size Source
Assessor
Building Area Total
11704
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
0309162240000
Area
Big Bear Lake (289)
Directions
Cross Street: Thrush
LISTING UPDATED: 11/22/2024 03:05 AM

Property Details for 41659 Big Bear Boulevard

StatusActive
MLS #EV24122272
Days on Market192
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1986
Lot Size0.83 AC / 36,358 SF
CountySan Bernardino County

Building Information for 41659 Big Bear Boulevard

Stories2Residences-Year Built1986Lot Size0.83 AC / 36,358 SF

Property Information for 41659 Big Bear Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $159,660
  • Net Operating Income: $120,302
  • Cap Rate: 7.3
Expense Details
  • Operating Expense: $39,358
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Roof: Composition
Land/Lot Info
  • Lot Features: Level
  • Current Use: Commercial
  • Current Use Comments: Offices and Storage Units
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing

Property History for 41659 Big Bear Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 41659 Big Bear Boulevard

Taxable ValueLand$379,746Additions$1,128,834Total$1,508,580
Tax Record2024$16,447 ($1,371 / month)
Home Facts
Total Finished SqFt6,776 SqFtAbove Grade Finished SqFt6,776 SqFtLot Size36,358 SqFtStyleWarehouseYear Built1986CountySAN BERNARDINOAPN0309-162-24-0000

Schools near 41659 Big Bear Boulevard

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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41659 Big Bear Boulevard is a mixed use property for sale in Big Bear Lake, CA 92315. This property was listed for sale on June 14, 2024 by KELLER WILLIAMS BIG BEAR, it's currently listed at $1,600,000. It has been on the market for a total of 192 days and was last sold on July 13, 2021. 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. 41659 Big Bear Boulevard is a 0-bed, 0-bath, 11,704 sqft mixed use property built in 1986.

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 KELLER WILLIAMS BIG BEAR, MICHAEL DOLAN, DRE #00752899

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.