Fantastic investment opportunity... Multiple unit property in Big Bear City that's centrally located with easy access. Each unit is a standalone building with its own separate fenced yard. This 2-unit property can be the investment property you've been looking for. Potential to use one for personal use and rent out the other as a full-time or short-term rental. Both units have a strong track record as a full-time rental.
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.
CENTRALLY LOCATED IN THE HEART OF BIG BEAR CITY, THIS RESIDENTIAL INCOME INVESTMENT OFFERS THE FLEXIBILITY TO SERVE AS A SINGLE FAMILY HOME OR LOCK THE DOOR AT THE TOP OF THE STAIRS AND CONTINUE TO USE AS A PROFITABLE DUPLEX! Keep one for you and your loved ones, rent the other full time or put on a short term vacation rental. Each unit has its own kitchen with fridge and stove, an open living area with brick fireplace and 2 bedrooms and 1 bath. Ground-level unit includes laundry hookups. Fenced back yard with paver walkway and 2 storage sheds. Moments to convenience store, restaurants, public transportation and local post office. Excellent off-street parking. Both units are vacant, making it easy to show by lockbox. Don't miss out on this versatile property in Big Bear City. Schedule a viewing today!
CENTRALLY LOCATED IN THE HEART OF BIG BEAR CITY, THIS RESIDENTIAL INCOME INVESTMENT OFFERS THE FLEXIBILITY TO SERVE AS A SINGLE FAMILY HOME OR LOCK THE DOOR AT THE TOP OF THE STAIRS AND CONTINUE TO USE AS A PROFITABLE DUPLEX! Keep one for you and your loved ones, rent the other full time or put on a short term vacation rental. Each unit has its own kitchen with fridge and stove, an open living area with brick fireplace and 2 bedrooms and 1 bath. Ground-level unit includes laundry hookups. Fenced back yard with paver walkway and 2 storage sheds. Moments to convenience store, restaurants, public transportation and local post office. Excellent off-street parking. Both units are vacant, making it easy to show by lockbox. Don't miss out on this versatile property in Big Bear City. Schedule a viewing today!
The median home value in Big Bear City, CA is $519,000. This is lower than the county median home value of $522,500. The national median home value is $338,100. The average price of homes sold in Big Bear City, CA is $519,000. Approximately 28.36% of Big Bear City homes are owned, compared to 14.23% rented, while 57.41% are vacant. Big Bear City 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 City real estate agent to arrange a tour today!
Big Bear City, California has a population of 12,913. Big Bear City is less family-centric than the surrounding county with 27.3% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Big Bear City, California is $57,147. 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 City is 43.2 years.
The average high temperature in July is 81.1 degrees, with an average low temperature in January of 21.2 degrees. The average rainfall is approximately 20.4 inches per year, with 65.6 inches of snow per year.