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26422915
26422932

547 Main St, Big Bear Lake, CA 92315

IB
CA 01377973
RE/MAX Big Bear
Listed by RE/MAX Big Bear
$2,250,000
291 days on market
Updated 91 days ago

Castlewood Cottages

Details
APN 0309-103-14-0000
Property Type Multifamily
Sub Type Lodge
Square Footage 7,179
Net Rentable (SqFt) 7,179
Units 13
NOI $150,000
Occupancy 30%
Broker Co-Op Yes
Year Built 1922
Year Renovated 2000
Buildings 13
Stories 2
Lot Size (SqFt) 33,750
Zoning Multi Family

Multifamily | 13 Units

Marketing description


One of a kind, truly amazing property. Prepare to be astonished by this exceptional lodge in the heart of Big Bear Lake. The world famous Castlewood Cottages has been number one on Yelp and featured in numerous television shows such as 90 Day Fiance theb Single Life and This is L.A. Newspapers, blogs, magazines, books and the KTLA Rose Parade have all reported on this special property. Currentl there are 12 units on 547 Main and one unit on the back parcel. Every cabin has a different theme and is decorated and furnished accordingly. You can choosen a pirate theme, wizards cavern, Egyptian Pharoah, Medieval Court and on and on. So much fun. The seller calls the place " Inhabitable Art " and that description fits to a tee. It is close to the main road and walking distance to the Big Bear Village and all the best restaurants, shopping and night life. Only a five minute drive to both ski resorts and less than a block to the lake. The property is two properties being sold as one. The back lot is empty except for one cabin. Lot's of room to build at least seven more cabins. The two together make for a lot size of over an acre. The seller also owns 41081 Big Bear Blvd, a commercial building that is 2,574 square feet on a 4,600 square foot lot. This building is directly on Big Bear Blvd, the busiest road in Big Bear and directly adjacent to the lodge. Seller currently uses it as a boutique and also does check ins for the lodge there. Can be packaged with both properties for a great deal. If you ever thought about buying a lodge and living the good life in the beautiful mountains, this is the property you want. Make an appointment to come and see it for yourself, you won't be disappointed.


Listing Contacts

IB
CA 01377973
RE/MAX Big Bear
Listed by RE/MAX Big Bear

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

0
DSCR
6.67%
Cap Rate
6.67%
ROI

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Additional Information

Name
Izzy Barden
License
01377973
Brokerage
RE/MAX Big Bear
Brokerage Phone
909-273-8980
Title
Team Leader
Brokerage Address
41114 Big Bear Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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