

Listed by InvestorsAlly Commercial Property, Loans & Insurance
$995,000
41095 Big Bear Boulevard
Details
APN 0309103040000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,870
Units 4
Beds 4
Price per SqFt $532
Year Built 2003
Year Renovated 2015
Buildings 1
Stories 2
Acreage 0.090
Zoning Assessor
Parking Spaces 4 per unit
Investment Type Owner/User
Ownership Fee Simple
Multifamily | 4 Units
Marketing description
Location, Location and Location! This 4-plex suite hotel with great guest reviews (99.5% positive under prior Lindberg Suites brand) is one of the best located lodging facilities in the very heart of Big Bear Lake Village whose strong cash flows used to rival a big hotel. It is within walking distance to the Village with access to all the fine dining, cinema, bowling alley and fun zone for the kids. Only 4 minutes drive to the skiing resort at Snow Summit, 2 minutes drive to Big Bear Marina, and 3 minutes drive to Alpine Slide at Magic Mountain. Guests are greeted to the property by a separately located 24-hour front desk. This is most visitors' favorite part of Big Bear Lake, according to independent reviews. Couples in particular love the convenient location for a romantic mountain getaway. This 4-plex has consistently generated more revenue than other nearby larger 10- to 20-room motels. The guest suites are designed with a modern Euro chic image after a complete renovation since the owner took over 5 years ago. It enjoys one of the best online reviews. There is free WiFi access and free parking are available right on site. Each guest room comes with a spa bath, a cable flat-screen TV with a DVD player, a microwave, and a refrigerator. The private bathrooms are equipped with a hairdryer and free toiletries. Big Bear Lake is the vacation mecca for Southern California local residents and out-of-town visitors. The lake in Big Bear Lake is eight miles long and approximately one mile across at its widest point. It has about 23 miles of shoreline and is located at an elevation
Investment highlights
Great yield with an easy management.
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Listed by InvestorsAlly Commercial Property, Loans & Insurance
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Zoning
BV/RC SpecialBear Valley Resource Conservation
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