25807 State Highway 189
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25807 State Highway 189
8,537 SF Specialty Building Offered at $2,995,000 at a 5.34% Cap Rate in Twin Peaks, CA 92391
Investment Highlights
- An iconic Mountain Retreat featuring 13 beautiful and detached cabins
- 13 Standalone Cabins plus a community Barn
- Profitable short-term rentals on platforms like Airbnb
- A Guest Favorite on Airbnb with over 1,000 reviews.
- Minutes from Lake Arrowhead in Twin Peaks
- Potential for long-term leases
Executive Summary
Welcome to The Perch, an iconic Mountain Retreat featuring 13 beautiful and standalone cabins. The Perch is a Guest Favorite on Airbnb with over 1,000 reviews across the cabins. The Perch is the ideal property in Southern California for remote working, reunions, or retreats. Each cabin offers a unique experience tailored to guests' needs. The Perch features 13 cabins with a total of 23 bedrooms and 27 beds, accommodating up to 45 guests. A barn is available for meals, meetings, and group activities. Of the 13 cabins, 12 have undergone extensive renovations and are consistently booked. One cabin awaits your final touches for further customization. The cabins include THREE 3-bedroom/2-bathroom cabins, FOUR 2-bedroom/1-bathroom cabins, TWO 1-bedroom/1-bathroom cabins, and FOUR studio cabins, offering various options for guests or long-term residents. The cabins are thoughtfully situated around a beautifully restored barn, which serves as a focal point for community gatherings, events, weddings, company retreats, and family reunions. The outdoor seating area around the barn further enhances its role as a community space, while the pool, though requiring some additional work, offers potential for leisure and relaxation. Situated just minutes from Lake Arrowhead in Twin Peaks and only a little over an hour's drive from Los Angeles. Despite its secluded feel, The Perch is conveniently located close to shops, restaurants, and a plethora of activities. Enjoy hiking, fishing, free concerts at Lake Arrowhead Village, and spectacular fireworks displays at Lake Gregory and Big Bear Lake. For dining options, you'll find yourself near The Grill at Antlers, Puglia’s, Stone Creek Bistro and many more. Nearby attractions abound, including Snow Valley and Santa’s Village at Skypark. Outdoor enthusiasts will appreciate opportunities for boating, fishing, hiking, paragliding, and off-roading. The Perch is currently run as short-term rentals on platforms like Airbnb, offering a profitable opportunity for investors. However, the cabins can also be adapted for long-term leases for those interested in extended rentals. Contact the listing agents for Pro Forma financial reports on both short-term and long-term rental incomes. Updated systems in the units include heat pumps, new appliances, renovated kitchens, and bathrooms, ensuring modern comfort for guests. The property also features fresh park-like landscaping completed for guest use and onsite laundry facilities. The sales price is inclusive of furniture, the website, software/reservation systems, and social media. Don't miss out on this incredible opportunity to own a piece of mountain paradise that offers endless possibilities for both short-term and long-term rental income, as well as a personal retreat in nature. This property is not just an investment; it's an opportunity to own a piece of the mountain’s heart and history.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $249,000 | $29.17 |
Other Income | - | - |
Vacancy Loss | $7,740 | $0.91 |
Effective Gross Income | $241,260 | $28.26 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $80,997 | $9.49 |
Net Operating Income | $160,263 | $18.77 |
Financial Summary (Pro forma - 2024)
Gross Rental Income | |
---|---|
Annual | $249,000 |
Annual Per SF | $29.17 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | $7,740 |
Annual Per SF | $0.91 |
Effective Gross Income | |
---|---|
Annual | $241,260 |
Annual Per SF | $28.26 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $80,997 |
Annual Per SF | $9.49 |
Net Operating Income | |
---|---|
Annual | $160,263 |
Annual Per SF | $18.77 |
Property Facts
Price | $2,995,000 | Building Class | B |
Price Per SF | $351 | Lot Size | 3.42 AC |
Sale Type | Investment | Building Size | 8,537 SF |
Cap Rate | 5.34% | No. Stories | 1 |
Property Type | Specialty | Year Built | 1925 |
Property Subtype | Residential Income |
Price | $2,995,000 |
Price Per SF | $351 |
Sale Type | Investment |
Cap Rate | 5.34% |
Property Type | Specialty |
Property Subtype | Residential Income |
Building Class | B |
Lot Size | 3.42 AC |
Building Size | 8,537 SF |
No. Stories | 1 |
Year Built | 1925 |
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PROPERTY TAXES
Parcel Number | 0336-211-20 | Improvements Assessment | $302,940 |
Land Assessment | $136,706 | Total Assessment | $439,646 |
PROPERTY TAXES
Parcel Number
0336-211-20
Land Assessment
$136,706
Improvements Assessment
$302,940
Total Assessment
$439,646
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