439 Jeffries Rd
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439 Jeffries Rd
5 Unit Apartment Building $899,000 ($179,800/Unit) 5.09% Cap Rate Big Bear Lake, CA 92315
Executive Summary
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $899,000 | Property Subtype | Apartment |
| Price Per Unit | $179,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.09% | Building Size | 1,720 SF |
| Gross Rent Multiplier | 13.14 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1947 |
| Property Type | Multifamily | Parking Ratio | 3.49/1,000 SF |
| Price | $899,000 |
| Price Per Unit | $179,800 |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Gross Rent Multiplier | 13.14 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 1,720 SF |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 3.49/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,100 | - |
| Studios | 4 | $987.50 | - |
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PROPERTY TAXES
| Parcel Number | 0309-048-13 | Improvements Assessment | $255,442 (2024) |
| Land Assessment | $99,560 (2024) | Total Assessment | $355,002 (2024) |
PROPERTY TAXES
Parcel Number
0309-048-13
Land Assessment
$99,560 (2024)
Improvements Assessment
$255,442 (2024)
Total Assessment
$355,002 (2024)
-
Jonathan Prakash -
Equity Union Real Estate
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439 Jeffries Rd
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