439 Jeffries Road

Big Bear Lake, CA 92315

$899,000
Price
6
Beds
6
Baths
1,720 Sq. Ft.
$523 / Sq. Ft.
1,720
Sq. Ft.
$523
per Sq. Ft.

Description

We are pleased to present the Jeffries Apartments a charming, bread and butter five (5) unit multifamily investment opportunity located in Prime Big Bear Lake just east of the intersection of Big Bear Blvd and Main St. Operating at 13.14 GRM and a 5.09% CAP rate, the property was built in 1947, consists of one (1) Two Bedroom Two Bath detached Single Family Residential and four (4) Studios, and is situated on a 8,745 SF lot. All the Studios have been rehabbed with updated flooring, kitchens, bathrooms,...We are pleased to present the Jeffries Apartments a charming, bread and butter five (5) unit multifamily investment opportunity located in Prime Big Bear Lake just east of the intersection of Big Bear Blvd and Main St. Operating at 13.14 GRM and a 5.09% CAP rate, the property was built in 1947, consists of one (1) Two Bedroom Two Bath detached Single Family Residential and four (4) Studios, and is situated on a 8,745 SF lot. All the Studios have been rehabbed with updated flooring, kitchens, bathrooms, windows, and more. Further, there are a total of 6 parking spaces towards the rear of the property along with an on-site laundry room. Big Bear Lake is a year round destination for those living in Southern California as well as tourists alike. The town features a variety of dining and shopping options and recreational activities: skiing, snowboarding, fishing, hiking, mountain biking, etc. Drive by only. Please do not set foot on property or disturb tenants.
  1. Listed by Jonathan Prakash • DRE #01483131 • Brokerage DRE #01342342 • Equity Union

Property Details for 439 Jeffries Road

Parcel Number
0309048130000
Total Units
5.0
Living Area
1720
Source Living Area
Other
Area
Big Bear Lake (289)
Vacancy Rate
20%
Lot Size Area
8745
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 09/24/2024 09:29 AM

Property Details for 439 Jeffries Road

StatusActive
MLS #24-436107
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.20 AC / 8,745 SF
CountySan Bernardino County

Building Information for 439 Jeffries Road

Stories1Residences-Year Built1947Building Size-Lot Size0.20 AC / 8,745 SF

Property Information for 439 Jeffries Road

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: SFR, Studios
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $66,348
  • Net Operating Income: $45,664.00
  • Gross Income: $68,400
  • Cap Rate: 5.08%
  • Gross Rent Multiplier: $13.14
  • Total Annual Expense: 20684
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.201
  • Lot Size Square Feet: 8745
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One, Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace, Fireplace(s)
  • Heating Type: Wall, Fireplace
  • Equipment: Refrigerator
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 09-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $975.00
  • Unit Actual Rent: $3,900.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $250,433.00
  • Assessed Improvement Percent: 71.96
  • Assessed Land Value: $97,608.00
  • Assessed Land Percent: 28.04
  • Assessed Total Value: $348,041.00

Property History for 439 Jeffries Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 439 Jeffries Road

Taxable ValueLand$99,560Additions$255,442Total$355,002
Tax Record2024$7,039 ($587 / month)
Home Facts
Total Finished SqFt760 SqFtAbove Grade Finished SqFt760 SqFtStories2Lot Size8,745 SqFtStyleMulti-Family Dwelling (2-4)Year Built1947Year Renovated1965CountySAN BERNARDINOAPN0309-048-13-0000

Schools near 439 Jeffries Road

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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439 Jeffries Road is a multi-family home for sale in Big Bear Lake, CA 92315. This property was listed for sale on September 4, 2024 by Equity Union, it's currently listed at $899,000. It has been on the market for a total of 73 days and was last sold on October 7, 2016. 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. 439 Jeffries Road is a 6-bed, 6-bath, 1,720 sqft multi-family home built in 1947.

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, Jonathan Prakash, DRE #01483131

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.