This is a carousel with property images. Select an image to expand it. Use the previous and next buttons to navigate.
Want to see this property?
401 Knight Avenue
Big Bear Lake, CA 92315
–
beds
–
baths
–
sqft
~1/2
acre lot
1947
build
–
on site
LOCATION LOCATION LOCATION. This Cap Rate is unheard of. Location is everything in Big Bear Lake to Succeed... One block to 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 detached homes with separate meters and 2 or more parking spaces per each home. One home has a washer/dryer in it. A 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 allowing a new owner the flexibility to develop larger homes & or more homes 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 or Long Term Rental Business along with A Weddings & Retreats Business if you choose. ***ALL HOMES WILL BE PROVIDED VACANT IF BUYER CHOOSES.*** 2021Gross Income $284,756. Net Income for four cabins is $232,590 with a 11.6% Cap rate. Adding additional Net income with the fifth cabin will be and additional $75,000 in income bringing it to $307,590. with a 15.4% Cap rate. Wedding & Retreat Business will add an additional Net income of $138,000 with a total Net Income for property of $445,590. Pro Forma Cap rate is 22.3%. Great Investment opportunity to own and run three businesses or have as a family compound. All furnishings included less some personal items. No permanent tenants or leases. Perfect for short or long term rentals.
Listed By CRMLS_CA / Irene Olsen / Vylla Home, Inc. / 714-717-0912
Last checked:
Checking…
•
Last updated Jan 4, 2024
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# OC23181970 —
The Building
Year Built:
1947
Year Built Source:
Assessor
New Construction:
No
Construction Materials:
Wood Siding
Architectural Style:
Cottage
Roof:
Flat Tile
Exterior Features:
Lighting, Rain Gutters
Entry Level:
1
Foundation:
Raised
Common Walls:
No Common Walls
Number With Patio:
4
Building Area Total:
3400.00
Building Area Units:
Square Feet
# of Buildings:
5
Total Number Of Units:
5
Stories Total:
1
# of Separate Gas Meters:
6
# of Separate Water Meters:
1
# of Separate Electric Meters:
6
Interior
Features:
Beamed Ceilings, Ceiling Fan(s), Copper Plumbing Partial, Furnished, High Ceilings, In-Law Floorplan, Living Room Deck Attached, Open Floorplan, Storage, Wood Product Walls
Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Insulated Windows, Screens
Flooring:
Carpet, Laminate, Vinyl, Wood
Room Type:
Art Studio, Bonus Room, Entry, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Recreation, Retreat
Laundry:
Common Area, Dryer Included, Gas Dryer Hookup, In Kitchen, Stackable, Washer Hookup, Washer Included
Laundry:
1
Financial & Terms
Disclosures:
Licensed Vacation Rental, Principal Is RE Licensed
Location
Directions:
Off of Big Bear Blvd. Left onto Knight Ave towards the lake. Nearby Dennys
Latitude:
34.24563100
Longitude:
-116.90365800
The Property
Property Type:
Residential Income
Subtype:
Quadruplex
Property Condition:
Turnkey, Updated/Remodeled
Lot Features:
2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Lot 20000-39999 Sqft, Level, Park Nearby, Patio Home, Treed Lot, Value In Land, Walkstreet, Yard
Lot Size Area:
20160.0000
Lot Size Acres:
0.4628
Lot Size SqFt:
20160.00
Lot Size Source:
Assessor
Lot Dimensions Source:
Assessor
View:
1
View:
Mountain(s), Trees/Woods
Fencing:
Average Condition, Wood
Fence:
Yes
Security Features:
Smoke Detector(s)
Road Frontage:
City Street
Road Surface Type:
Paved
Additional Parcels:
No
Land Lease:
No
Listing Agent
Contact info:
No listing contact info available
Taxes
Tax Block:
E
Tax Tract:
112.05
Tax Census Tract:
112.05
Tax Tract:
112.05
Tax Lot:
4
The Listing
Buyer's Brokerage Compensation:
2.000%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$2
Parcel Number:
0309044300000
Showings Begin:
2023-09-30
Heating & Cooling
Heating:
1
Heating:
Wall Furnace
Cooling:
No
Cooling:
None
Utilities
Utilities:
Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Sewer:
Public Sewer
Electric:
Electricity - On Property
Water Source:
Public
Appliances
Appliances:
Barbecue, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
Included:
Yes
The Community
Subdivision:
Big Bear LaKE
Senior Community:
No
Neighborhood:
Big Bear Lake
Features:
Biking, BLM/National Forest, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Horse Trails, Park, Watersports, Mountainous, Rural, Sidewalks, Storm Drains, Street Lights
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Be the first to know about new listings
between
$1,000,000–$3,000,000
in this neighborhood
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
9/30/23
Sep 30, 2023
Listed / Active
CRMLS_CA
$1,850,000
12/8/22
Dec 8, 2022
Price Changed
CRMLS_CA
8/31/22
Aug 31, 2022
Price Changed
CRMLS_CA
Finding records…
We’re sorry, but we were unable to fetch more data for this property. Please try again later!
No additional history available
If new records are added for this property, we’ll share them here.
Want to see this home?
Create an accountAccount created!
Thank you!
We’ve created your account—please check your email to set your password.
We’ve saved that property for you and will email you updates when anything changes.
Enter your email to create an account and get property updates.
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
This multifamily located in Big Bear Lake, CA 92315 is currently for sale for $1,850,000. 401 Knight Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 209 days. This multifamily is in the attendance area of Big Bear Middle School, Big Bear Elementary School, and Big Bear High School.
Listing Courtesy of: CRMLS_CA and Vylla Home, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of 10:56 on Apr 26.
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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Checking…
•
Last updated Jan 4, 2024
•
