560 Jeffries St - Apartments FOR SALE
Big Bear Lake, CA 92315 |
$1,125,000 USD
818-212-2776
560 Jeffries St
Big Bear Lake, CA 92315
HIGHLIGHTS
- Beautiful, Lodge Designated Property in the Heart of Big Bear Lake
- One, 2-Bedroom Home “Backway Hideaway” - Recently Renovated for Short Term Rental, and Two, 2-Bedroom, Long Term Rental Homes (M-T-M Leases)
- Upside in Rental Rates - with 2 Long Term Tenants on Below Market, M-T-M Leases
- According to Local R3 Zoning: By-Right Additional Units can be Developed on the Parcel (Contact Agent)
- Property can be Purchased Individually or with the Adjacent 572 Jeffries Street Parcel (See 572 Jeffries Rd listing link below)
OVERVIEW
Investment or Owner User Opportunity
Lodge Designation: Lodge Designation Exempts the Property from the Very Restrictive Local Short-Term-Rental Ordinance Regulations which Only Allows One STR per Legal Parcel
8.16% CAP Rate Pro Forma - All Long Term Tenants
8.20% CAP Rate Pro Forma - All Short Term Tenants
FOR SALE DETAILS
PRICE
$1,125,000 USD
PRICE/SF
$298 USD /SF
# OF UNITS
3
PRICE/UNIT
$375,000
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1934
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.49 AC
LAND SF
21,344 SF
ZONING
-
APN/PARCEL ID
0309-131-17
ASK ABOUT THIS PROPERTY
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818-212-2776
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818-212-2776
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