Details

  • Price:ย $795,000
  • Cap Rate: 4.26%
  • GRM: 15.32
  • Cost per SF:$236.61
  • Cost per unit:$198,750
  • Year Built: 1988
  • Square Footage: 3,360
  • Lot Size: 12,123 SF
  • Units: 4
  • No. Stories: 3
  • Parking : Concrete
  • Transaction Type: Sold
  • Property Type: Multifamily/ Residential
  • APN/Parcel ID: 0308-101-48-0000

Just Closed: 4 Units | Big Bear Lake, CA

๐—๐˜‚๐˜€๐˜ ๐—–๐—น๐—ผ๐˜€๐—ฒ๐—ฑ: ๐—Ÿ๐—ฎ๐—ธ๐—ฒ๐˜ƒ๐—ถ๐—ฒ๐˜„ ๐—›๐—ผ๐—ฟ๐—ถ๐˜‡๐—ผ๐—ป | ๐—•๐—ถ๐—ด ๐—•๐—ฒ๐—ฎ๐—ฟ ๐—Ÿ๐—ฎ๐—ธ๐—ฒ

๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜ ๐—œ๐—ป ๐—ฅ๐—ฒ๐˜€๐˜‚๐—น๐˜๐˜€ | ๐—š๐—ฟ๐—ผ๐˜„ ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—Ÿ๐—ฒ๐—ด๐—ฎ๐—ฐ๐˜†

– ๐—น๐˜‚๐—ฐ๐—ฟ๐˜‚๐—บ๐—ฟ๐—ฒ.๐—ฐ๐—ผ๐—บ

๐—”๐—ด๐—ฒ๐—ป๐˜๐˜€: Raymond A. Rodriguez | Mathew Freedman

๐—ง๐—ฒ๐—ฎ๐—บ: Lucrum Real Estate Group

We are thrilled to announce our latest closing of this value-added fourplex in Big Bear Lake, CA. Lucrum represented the Buyer in this transaction who was motivated to purchase this asset as part of his plan for completing his 1031 Exchange into a property with more income-producing potential in a better location.

The units are townhome style offering significant rental upside potential and the location is outstanding being just steps to Big Bear Village and right down the street from the lake! With a superb unit mix, comprised of all 2 bedroom and 1.5 bath units, prime location, and value-added potential this investment is sure to be on the rise in cash flow and equity after our client implements and executes his improvement plan.

By working together and collaborating consistently with our client we were able to overcome the challenge of securing an excellent 1031 Exchange property within the required timeline. With the cooperation of the entire team and by earning the Sellerโ€™s trust, we were able to get our client under contract and secure the best financing available for a happy ending to this story!

Thank you to our clients for a sacred business relationship and all who assisted with this tremendous sale!

We love helping our clients accomplish their goals and improve their lives. Contact us and be a part of our next real estate success story!!!

By: Lucrum
August 4, 2021

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