Description
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.
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0BEDS
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0.46ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.