Big Bear Lake, CA 284k Grossing 5 Cabins

Location Location Location. By the lake this beautifully remodeled inside & out themed cabins. Residentially zoned, short-term rental Lodge steps from Big Bear Lake. 5 unit Lodge offering a mix of 3 1-bed/1-bath units 1 2-bed/1-bath unit & 1 3-bed/1-bath unit. All units are separate single family homes/cabins with separate meters and 2 or more parking spaces per each unit. One unit has a washer/dryer in it. Larger laundry facility to be added to a separate storage area on lot. Based on the location, the units are occupied 98% of the year with primarily short term tenants allowing a new owner the flexibility to develop larger units with an additional Wedding & Retreat business. This property sits on a corner lot, one block to the lake with a flat half acre lot with multiple trees throughout. Location is everything! Three blocks to Big Bear Lake Village, less than a mile to Snow Summit Ski Resort, half block to Big Bear Blvd. Within walking distance to lake, village, multiple restaurants & shops, Ski Beach Park & Dog Park. This makes for an ideal location for All Seasons Short Term Rental Business along with Weddings & Retreats. 2021 Gross Income $284,756. Net Income for four cabins is $232,590 with a 6.2% Cap rate. Adding additional Net income with the fifth cabin will be $347,756. with a 9.27% Cap rate. Wedding & Retreat Business will add an additional Net income of $138,000 with a total Net Income of $438,590. Pro Forma Cap rate is 11.7%. Great Investment opportunity to own and run three businesses or have as a family compound. All furnishings included. No permanent tenants or leases. Perfect for short or long term rentals.

https://big-bear-serenity-cabins.business.site

Listed by:

Irene Olsen DRE #01938608 | 714-717-0912

Vylla Home, Inc.

Source: CRMLS,MLS#: OC22072988

See more details for 401 Knight Ave, Big Bear Lake, CA 92315 on Zillow

Facts and features

• Quadruplex
• 23 bedrooms
• 15 bathrooms
• Built in 1947
• Wall furnace
• None
• 20 Parking spaces
• $1,103 price/sqft

Interior details

Bedrooms and bathrooms

• Bedrooms: 23
• Bathrooms: 15

Flooring

• Flooring: Carpet, Concrete, Laminate, Vinyl, Wood

Heating

• Heating features: Wall Furnace

Cooling

• Cooling features: None

Appliances

• Appliances included: Barbecue, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Microwave, Refrigerator, Tankless Water Heater, Water Heater
• Laundry features: In Kitchen, Inside

Interior Features

• Door features: Mirrored Closet Door(s), Sliding Doors
• Window features: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Screens
• Interior features: 2 Staircases, Beamed Ceilings, Built-in Features, Ceiling Fan(s), Copper Plumbing Partial, High Ceilings, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom

Other interior features

• Common walls with other units/homes: No Common Walls
• Total structure area: 3,400
• Total interior livable area: 3,400 sqft
• Fireplace features: None

Property details

Parking

• Total spaces: 20
• Parking features:
• Uncovered spaces: 20

Accessibility

• Accessibility features: Low Pile Carpeting

Property

• Levels: One,Two
• Stories: 1
• Pool features: None
• Spa features: None
• Exterior features: Barbecue, Lighting, Rain Gutters
• Patio and porch details: Living Room Deck Attached
• Fencing: None
• View description: Mountain(s), Trees/Woods
• Waterfront features: Lake, Lake Privileges

Lot

• Lot size: 0.46 Acres
• Lot features: 2-5 Units/Acre, Corner Lot, Garden, Landscaped, Level with Street, Lot 20000-39999 Sqft

Other property information

• Additional structures included: Storage
• Parcel number: 0309044300000
• Special conditions: Standard

Construction details

Type and style

• Home type: MultiFamily
• Architectural style: Cottage
• Property subType: Quadruplex

Material information

• Construction materials: Stucco, Wood Siding

Condition

• Property condition: Turnkey
• New construction: No
• Year built: 1947

Utilities / Green Energy Details

Utility

• Electric utility on property: Yes
• Sewer information: Public Sewer
• Water information: Public
• Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected

Green energy

• Energy efficient items: Appliances, Water Heater, Windows

Community and Neighborhood Details

Security

• Security features: Carbon Monoxide Detector(s), Security Lights, Security System, Smoke Detector(s)

Community

• Community features: Biking, BLM/National Forest, Curbs, Dog Park, Fishing, Foothills, Golf, Hiking, Gutters, Lake, Horse Trails, Park, Watersports, Mountainous, Rural, Sidewalks, Street Lights

Location

• Region: Big Bear Lake

HOA and financial details

HOA

• Has HOA: No

Other financial information

• Annual tax amount: $8,305
• Total actual rent: 359756

Other

Other facts

• Road surface type: Maintained, Paved