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My Secret Garden 784 Berkley

4 Unit Apartment Building $1,099,000 ($274,750/Unit) Big Bear Lake, CA 92315

Executive Summary

Exciting Investment Opportunity With Huge Price Reduction! with an active business license for commercial lodging, in the heart of Big Bear Lake. Discover this enchanting 5 or 4 unit multi residential complex (if needed for financing), in a beautiful tall pine tree setting. It’s ideal location is just a ten minute walk to the lake/marina, and the quaint village for shopping, dining, movies and nightlife. Ski resort is a quick, five minute drive.The crown jewel is a 3 bedroom, 2 bath main cabin with a rustic rock wood burning fireplace, wide plank pine wood flooring, beamed ceilings, modernized kitchen and baths, expansive decking, and fenced side yard. The 2 bedroom cabin has a warm, wood burning fireplace,tongue and groove ceilings, full kitchen and 3/4 bath. Three of the cabins are cozy studios, with laminate flooring, full kitchens, and 3/4 baths. Recent new concrete steps and walkways, and exterior paint. On a 16,800 Sq Ft lot, the property features gravel paths with wildflowers and an outdoor common area perfect for games, BBQ’s, and stargazing. Comes fully furnished and turnkey, ready for new owners to move in, generate immediate lodging income, or long term tenant leasing could bring up to $7000 monthly. The property’s grandfathered lodge destination exempts it from short term rental restrictions. Schedule your showing today!

Property Facts

Price $1,099,000
Price Per Unit $274,750
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.39 AC
Building Size 2,671 SF
Average Occupancy 100%
No. Stories 1
Year Built 1946
Cross Streets Pennsylvania

Unit Amenities

  • Fireplace
  • Kitchen
  • Hardwood Floors
  • Deck

Site Amenities

  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 3 - -
2+1 1 - -
3+2 1 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0309-234-02
Land Assessment
$53,794
Improvements Assessment
$192,123
Total Assessment
$245,917

zoning

Zoning Code R3 (Multi Residential non conforming)
R3 (Multi Residential non conforming)
  • Listing ID: 31457902

  • Date on Market: 4/9/2024

  • Last Updated:

  • Address: 784 Berkley, Big Bear Lake, CA 92315

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