Big Bear 8-Unit Portfolio Multi-Family FOR SALE


Big Bear City, CA
$1,595,000 USD
714-814-2088
, Big Bear City, CA for Sale
$1,595,000 USD
Multi-Family - FOR SALE
1/25
null | 5.84% Cap Rate

Big Bear 8-Unit Portfolio
Big Bear City, CA


HIGHLIGHTS

  • Excellent Scenic Location, Directly across from Big Bear Station 282
  • Offering CAP Rate of 5.84%
  • Significant Upside Potential, Projected ProForma CAP Rate of 7.28%. ProForma CAP Rate is Based on Leveling Off Current Rents.
  • Seller Financing May Be Available.
  • Fifteen (15) Income producing Storage Units.
  • Well Maintained Turnkey Financeable Asset.

OVERVIEW

The offering at 305 W Mojave Blvd and 301 W Sherwood Blvd in Big Bear City presents a unique opportunity to acquire two well-maintained multifamily properties totaling 8 units across two parcels. Together, they deliver diversified income streams, featuring a five-unit apartment community (built in 1988) consisting of three 2-bedroom/1.5-bath units, one 2-bedroom/1-bathunit, and one 1-bedroom/1-bath unit with 10 rentable storage units, as well as a triplex across the street with two 2-bedroom/1-bath units, a 1-bedroom/1-bathsingle-family residence, and 5 additional storage units. Both properties boast updated interiors, including tile/wood flooring, fresh paint, and window air-conditioning, and sit on 0.23-acre lots. With 15 rentable storage units, a strong rental market, and value-add potential, these properties offer a rare opportunity to own portfolio with stable cash flow and operational efficiencies.

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.