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45394 Lucky Baldwin Ranch Rd, Big Bear, CA 92314 (MLS # CV17232370)

Price $2,175,000
Status Active
Beds 0
Baths 0 bath
Home size 7,200 sq ft
Lot Size 1.66 ac
Days on Market 15
Lucky Baldwin Ranch which is a 9 unit single family plus one develop able lot property, located in Big Bear City at the edge of Baldwin Lake with mountain views. The property is comprised of 9 Two Bedroom/ One Bathroom Single Family Detached homes, all units sit on individually parceled lots with rent-able square footage of 800 sqf and a garage square footage of 840 sqf. Each property is solar powered, has well water, holding tanks for sewage, front and back porches with Mountain and Lake views, composite pitched roofs and the undeveloped lot has a square footage of 9,982 sqf with lot dimensions of 125’x100’. The property benefits from the tight local rental pool of like kind properties, proximity to ski resorts and Big Bear Lake. An Astute investor can take advantage of some of the larger lots, undeveloped lot, bring the rents to market rates and increasing the market performance NOI by 40%, possibly selling the properties off individually in the future.
Property Type(s): Residential Income
Last Updated 10/10/2017 Year Built 2003
Community BBC - Big Bear City County San Bernardino

Additional Details

AREA BBC - Big Bear City
HEAT Wood
LOT 1.66 acre(s)
LOTDESCRIPTION Yard
POOL DESCRIPTION None
SEWER Holding Tank
UTILITIES Well; Holding Tank;
WATER Well

Location

 

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Listing provided by : PEZHMAN DASHTI CalBRE:01794089, DASHING PROPERTIES INC.

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