Big Bear 8-Unit Portfolio
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Big Bear 8-Unit Portfolio
2 Multifamily Properties Offered at $1,595,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Excellent Scenic Location, Directly across from Big Bear Station 282
- Significant Upside Potential, Projected ProForma CAP Rate of 8.06%. ProForma CAP Rate is Based on Leveling Off Current Rents.
- Fifteen (15) Income producing Storage Units.
- Aggressive Offering CAP Rate of 6.55%
- Low Maintenance
- Well Maintained Turnkey Financeable Asset.
EXECUTIVE SUMMARY
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.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$105,232
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $105,232 |
PROPERTY FACTS
| Price | $1,595,000 | Status | Active |
| Price / SF | $652.62 / SF | Number of Properties | 1 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.55% | Total Building Size | 2,444 SF |
| Sale Type | Investment | Total Land Area | 0.22 AC |
| Price | $1,595,000 |
| Price / SF | $652.62 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.55% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 1 |
| Individually For Sale | 0 |
| Total Building Size | 2,444 SF |
| Total Land Area | 0.22 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 301 W Sherwood Blvd, Big Bear City, CA 92314 | Multifamily | 2,444 SF | 1970 | - |
| Multifamily | 4,721 SF | 1988 | - |
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Big Bear 8-Unit Portfolio
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