40051 Forest Road,
Big Bear Lake CA, 92315
Description
6 Beautifully Remodeled Units on Parklike 3/4 Acre near the Lake. Views of Mountains and Castlerock Area. Main House: 3 Bedrooms, 2 Full Baths, Large Storage/ Laundry Area. (Projected Rent $1600- Owner Uses and may Rent Back). Duplex 2 Bedroom, 1 Bath Each plus Large Storage Room. Rents are $925 and $825. 3 Cottages all with 1 Bedroom, 1 Bath. rents are $775, $790 for new Tenant, and $600 for Manager. Rents Totals $66180. Tenants Pay Gas and Electric. Many Rents have not been Increased in over 3 years! Lot Size and Zoning may allow 2 more Units be built. Check with City. Units are Like New- Dual Pane Windows, Granite Counters, Cabinetry, Tile Floors, Decks, Stainless Steel Appliances. $80-$100k Spent on Roofs, Driveways and Inside Improvements. Tenants have stayed for many Years. This is a Great Passive Income Investment and if you choose to move in yourself the Main house is Gorgeous! Property has a total of 10 Bedrooms and 7 Baths!
Details
| MLS# | 32002659 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1946 |
| Days On Site | 156 |
Features
| SQ Feet | 3,948 |
|---|---|
| Water Front | No |
Market Activity 92315
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Learn More About This Property
| Area Information | |
|---|---|
| State | CA |
| County | San Bernardino |
| City | Big Bear Lake |
| Zip Code | 92315 |
| Area | Big Bear Lake Central |
| Listing VS Median (in 92315) | |
Price: $899,000 low | high Med: $399,900 SqFt: 3,948 low | high Med: 1,370 $ / SqFt: $228 low | high Med: $292 On Site: 156 low | high Med: 28 | |
MLS Number: 32002659Listing Provided By:
John Corey of Boulder Bay Real Estate