401 Knight Avenue
401 Knight Avenue
$1,850,000
8
25
3,400
3,400
$544
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.
- Listed by Irene Olsen • DRE #01938608 • Brokerage DRE #02075076 • Vylla Home, Inc. • 714-717-0912
Property Details for 401 Knight Avenue
Architectural Style
Cottage
ViewMountain(s), Trees/Woods
Parking Spaces Total0
Private PoolNo
Cooling TypeN/K
Total Units5.0
Building TypeDetached
Lot Size SourceAssessor
Location
LISTING UPDATED: 01/03/2024 12:28 PM
Property Details for 401 Knight Avenue
Status | Active |
---|---|
MLS # | OC23181970 |
Days on Market | 220 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1947 |
Lot Size | 0.46 AC / 20,160 SF |
County | San Bernardino County |
Location
Building Information for 401 Knight Avenue
Stories1Residences-Year Built1947Building Size-Lot Size0.46 AC / 20,160 SF
Payment Calculator
$10,873 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 401 Knight Avenue
Property History for 401 Knight Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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