401 Knight Avenue

Big Bear Lake, CA 92315

$1,850,000
Price
8
Beds
25
Baths
3,400 Sq. Ft.
$544 / Sq. Ft.
3,400
Sq. Ft.
$544
per Sq. Ft.

Description

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...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.
  1. Listed by Irene Olsen • DRE #01938608 • Brokerage DRE #02075076 • Vylla Home, Inc. • 714-717-0912

Property Details for 401 Knight Avenue

Architectural Style
Cottage
View
Mountain(s), Trees/Woods
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Vylla Home, Inc., Irene Olsen, DRE #01938608
Add your commute
LISTING UPDATED: 01/03/2024 12:28 PM

Property Details for 401 Knight Avenue

StatusActive
MLS #OC23181970
Days on Market220
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.46 AC / 20,160 SF
CountySan Bernardino County

Location

Listing Courtesy of Vylla Home, Inc., Irene Olsen, DRE #01938608
Add your commute

Building Information for 401 Knight Avenue

Stories1Residences-Year Built1947Building Size-Lot Size0.46 AC / 20,160 SF

Payment Calculator

$10,873 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$777

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 401 Knight Avenue

Rental Info
Rental Info
  • Tenant Pays: None
Income / Expense / Tax Details
Income Details
  • Gross Income: $297,300
  • Gross Scheduled Income: $310,000
  • Net Operating Income: $297,300
Expense Details
  • Operating Expense: $12,700
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $12,700
Tax / Assessment Info
  • Tax Block: E
  • Tax Tract: 112.05
  • Tax Tract Number: 112.05
  • Tax Census Tract: 112.05
  • CFD/Mello-Roos Fee: $4,196
  • Tax Lot: 4
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, BLM/National Forest, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Horse Trails, Park, Watersports, Mountainous, Rural, Sidewalks, Storm Drains, Street Lights
  • Complex Features: Horse Trails
Property / Structure Info
Interior Features
  • 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
  • Equipment: Barbeque, Dryer, Dryer Included, Gas Dryer Hookup, In Kitchen, Laundry Area, Laundry Closet Stacked, Microwave, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Washer Hookup, Washer Included
  • 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
  • Room Type: Art Studio, Bonus Room, Entry, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Recreation, Retreat
  • Bedroom Features: Main Floor Bedroom
  • Water Heater Features: Gas, Tankless
  • Water Heater Type: Gas, Tankless
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Gas Dryer Hookup, In Kitchen, Stackable, Washer Hookup, Washer Included
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate, Vinyl, Wood
Exterior Features
  • Door Features: Insulated Doors, Mirror Closet Door(s), Panel Doors, Sliding Doors
  • Window Features: Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Insulated Windows, Screens
  • Security Features: Smoke Detector(s)
  • Construction Materials: Wood Siding
  • Exterior Construction: Wood Siding
  • Exterior: Wood
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Flat Tile
  • Entry Location: Ground
  • Fence: Yes
  • Fence: Wood
  • Fencing: Average Condition, Wood
  • Foundation Details: Raised
  • Property Condition: Turnkey, Updated/Remodeled
  • Miscellaneous: Value in Land
  • View Description: Trees/Woods
  • Waterfront Features: Lake
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • 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 Location: BLM/National Forest, Rural, Corner Lot, Park Nearby, Patio Home
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Boat
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Boat
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 8
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Furnished
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4
  • Number With Patio: 4

Property History for 401 Knight Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 401 Knight Avenue

Taxable ValueLand$237,752Additions$221,236Total$458,988
Tax Record2023$9,328 ($777 / month)
Home Facts
Total Finished SqFt412 SqFtAbove Grade Finished SqFt412 SqFtStories1Lot Size20,160 SqFtStyleQuadraplexYear Built1947CountySAN BERNARDINOAPN0309-044-30-0000Fireplace TypeHas Fireplace

Schools near 401 Knight Avenue

This home is within Bear Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Fallsvale Elementary School
PublicK to 8

Big Bear Middle School
Public6 to 8

Big Bear High School
Public9 to 12

Chautauqua High (Continuation) School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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401 Knight Avenue is a multi-family home for sale in Big Bear Lake, CA 92315. This property was listed for sale on September 30, 2023 by Vylla Home, Inc., it's currently listed at $1,850,000. It has been on the market for a total of 220 days and was last sold on February 27, 2019. This listing's school district is Bear Valley Unified School District. Nearby schools include Fallsvale Elementary School, Big Bear Middle School and Big Bear High School. 401 Knight Avenue is a 8-bed, 25-bath, 3,400 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Vylla Home, Inc., Irene Olsen, DRE #01938608

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.