40696 Village Drive

Big Bear Lake, CA 92315

$1,950,000
Price
—
Beds
2,264 Sq. Ft.
$861 / Sq. Ft.
2,264
Sq. Ft.
$861
per Sq. Ft.

Description

Welcome to this stunning commercial building located in the desirable Big Bear Lake. With its prime location and an array of impressive features, this property is sure to captivate your attention. This relatively new commercial restaurant building was completed in December 2021. Aaa location! Arguably, it is the finest location in the Southern California mountains. Currently occupied by an established full-service restaurant tenant. The rear one-of-a-kind opportunity offers a strong cap rate. The...Welcome to this stunning commercial building located in the desirable Big Bear Lake. With its prime location and an array of impressive features, this property is sure to captivate your attention. This relatively new commercial restaurant building was completed in December 2021. Aaa location! Arguably, it is the finest location in the Southern California mountains. Currently occupied by an established full-service restaurant tenant. The rear one-of-a-kind opportunity offers a strong cap rate. The contemporary design includes a large sundeck with seamless indoor-outdoor seating. Gas fire pit and much more. Don't miss out on the opportunity to make this exceptional building your own.
  1. Listed by Ime Oduok • DRE #01819628 • Brokerage DRE #01368364 • Keller Williams Beach Cities • 310-291-6466

Property Details for 40696 Village Drive

Architectural Style
Modern
View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central
Total Units
1.0
Building Type
Detached
Lot Size Source
Public Records

Location

Listing Courtesy of Keller Williams Beach Cities, Ime Oduok, DRE #01819628
Add your commute
LISTING UPDATED: 01/27/2024 11:14 AM

Property Details for 40696 Village Drive

StatusActive
MLS #SB23203512
Days on Market109
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built2021
Lot Size0.10 AC / 4,500 SF
CountySan Bernardino County

Location

Listing Courtesy of Keller Williams Beach Cities, Ime Oduok, DRE #01819628
Add your commute

Building Information for 40696 Village Drive

Stories1Residences-Year Built2021Building Size-Lot Size0.10 AC / 4,500 SF

Payment Calculator

$11,350 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,642

Property Taxes

$708

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40696 Village Drive

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Security, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $128,040
  • Gross Scheduled Income: $144,000
  • Vacancy Allowance: 3960
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $144,000
  • Net Operating Income: $115,060
  • Gross Multiplier: 13.5
  • Cap Rate: 5.9
  • Current Financing: Conventional, Private
Expense Details
  • Operating Expense: $28,940
  • New Taxes Expense: $23,940
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $5,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $28,940
Tax / Assessment Info
  • Tax Area: 17031
  • Tax Tract Number: 112.05
  • Tax Lot: 26
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments, Unknown
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains
Property / Structure Info
Interior Features
  • Interior Features: Bar, Copper Plumbing Full, High Ceilings
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Exterior Features: Lighting, Rain Gutters
  • Entry Location: /
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Front Yard, Landscaped, Level with Street, Lot Over 40000 Sqft, Level, Near Public Transit, Paved
  • Number Of Units: 1
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available, Water Connected
  • Electric: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: On street, Public
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Paved, Public, Street
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $11,000
  • Unit Type Total Rent: $11,000
  • Unit Type Pro Forma: 12600
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 40696 Village Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 40696 Village Drive

Taxable ValueLand$115,899Additions$489,600Total$605,499
Tax Record2023$8,498 ($708 / month)
Home Facts
Total Finished SqFt1,947 SqFtAbove Grade Finished SqFt1,947 SqFtStories2Lot Size4,500 SqFtStyleRestaurantYear Built2021CountySAN BERNARDINOAPN0308-165-04-0000

Schools near 40696 Village Drive

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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40696 Village Drive is a mixed use property for sale in Big Bear Lake, CA 92315. This property was listed for sale on November 1, 2023 by Keller Williams Beach Cities, it's currently listed at $1,950,000. It has been on the market for a total of 109 days and was last sold on May 29, 2008. 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. 40696 Village Drive is a 0-bed, 0-bath, 2,264 sqft mixed use property built in 2021.

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.

Listing Courtesy of Keller Williams Beach Cities, Ime Oduok, DRE #01819628

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.