Big Bear 8-Unit Portfolio
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Big Bear 8-Unit Portfolio
2 Residential Properties Offered at £1,308,111 in Multiple Locations
Investment Highlights
- Excellent Scenic Location, Directly across from Big Bear Station 282
- Significant Upside Potential, Projected ProForma CAP Rate of 7.67%. ProForma CAP Rate is Based on Leveling Off Current Rents.
- Seventeen (17) Income producing Storage Units.
- Aggressive Offering CAP Rate of 6.30%
- 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 11 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 6 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 17 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 |
£82,428
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | £82,428 |
Property Facts
| Price | £1,308,111 | Status | Active |
| Price / SF | £535.23 / SF | Number of Properties | 1 |
| Sale Conditions | Portfolio Sale | Individually For Sale | 0 |
| Net Initial Yield | 6.30% | Total Building Size | 2,444 SF |
| Sale Type | Investment |
| Price | £1,308,111 |
| Price / SF | £535.23 / SF |
| Sale Conditions | Portfolio Sale |
| Net Initial Yield | 6.30% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 1 |
| Individually For Sale | 0 |
| Total Building Size | 2,444 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 301 W Sherwood Blvd, Big Bear City, CA 92314 | Residential | 2,444 SF | 1970 | - |
| Residential | 4,721 SF | 1988 | - |
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Big Bear 8-Unit Portfolio
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