First time offered on the market- what an opportunity. Original front structure was built in 1960. The duplex to the north was built is 1971 and was partially reconstructed and updated in 2019. This multi-use property gives you so many options - great set-up for a home office- live in one and rent out 2- the choice is yours to make. Lots of development potential as the adjacent street to street lot is included. Gorgeous views of Gold Mountain from the upstairs unit and the open space next door provides a parklike setting. Currently all units are vacant, however, the rental potential is outstanding.
We are pleased to present the Jeffries Apartments a charming, bread and butter five (5) unit multifamily investment opportunity located in Prime Big Bear Lake just east of the intersection of Big Bear Blvd and Main St. Operating at 13.14 GRM and a 5.09% CAP rate, the property was built in 1947, consists of one (1) Two Bedroom Two Bath detached Single Family Residential and four (4) Studios, and is situated on a 8,745 SF lot. All the Studios have been rehabbed with updated flooring, kitchens, bathrooms, windows, and more. Further, there are a total of 6 parking spaces towards the rear of the property along with an on-site laundry room. Big Bear Lake is a year round destination for those living in Southern California as well as tourists alike. The town features a variety of dining and shopping options and recreational activities: skiing, snowboarding, fishing, hiking, mountain biking, etc. DRIVE BY ONLY. PLEASE DO NOT SET FOOT ON PROPERTY OR DISTURB TENANTS.
The median home value in Big Bear, CA is $549,500. The national median home value is $338,100. The average price of homes sold in Big Bear, CA is $549,500. Big Bear real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Big Bear real estate agent to arrange a tour today!
Big Bear, California has a population of 2,534.
The median household income in Big Bear, California is $65,441. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Big Bear is 45.3 years.
The average high temperature in July is 81.2 degrees, with an average low temperature in January of 21.2 degrees. The average rainfall is approximately 21 inches per year, with 65.7 inches of snow per year.