Lakeview Horizon

Big Bear Lake, CA 92315714 Paine Rd.

Property Type: Multifamily/Residential
Sold/Closed

Details

  • Price: $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/Closed
  • Property Type: Multifamily/Residential
  • Zoning: N/A
  • Building Class: N/A
  • APN/Parcel ID: 0308-101-48-0000
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Property Description

714 Paine Rd. is a townhome style comprised of 2 duplexes with 2 beds & 1.5 bath with jacuzzi tub for potential vacation rental use (to verify with the city).​ The building construction is of wood frame with a pitched roof, painted stucco exterior with a panel accent.​ Development was completed in 1988 with a total of 3,360 building square feet on a 12,123 square foot lot.​

The place is spacious and consist of 2 duplexes.​ One 2+2 unit will be delivered vacant in original condition.​ This could be a great owner-user unit or can be remodeled and rented for maximum rent.​ Common area amenities include on-site parking, non-covered parking, laundry room, front yard & side yard. Unit amenities include central air conditioning, stoves, dishwasher, garbage disposer and plenty of closet / storage space. General property improvements include attic, insulation, ventilation, water supply for toilet, tub and faucet.

Aesthetically, 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! The structure has impressive frontage providing for attractive curb appeal. This is truly a pride of ownership property and an excellent investment opportunity.

714 Paine Rd is located in Big Bear Lake. It sits on the banks of fish-filled Big Bear Lake. It’s known for Bear Mountain ski resort, with its terrain parks and learner slopes, and family-friendly Snow Summit ski resort. Boutiques, gift shops and restaurants line the streets of Big Bear Lake Village, the commercial area. Surrounding the city, the rugged San Bernardino National Forest has mountain trails.

Property Highlights

  • Potential Owner-User Investment Opportunity
  • 2 beds & 1.5 bath with jacuzzi tub for potential vacation rental use (to verify with the city)
  • Concrete Parking
  • Excellent Unit Mix
  • Just minutes from convenience store , restaurants, bakery, pub and MARTA bus stop.
  • Excellent cash on cash return with rental upside potential

 

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA License: 01402283 Download Bio

Mathew Gates Freedman

PartnerCommercial Real Estate Sales
818.585.6888 matt@lucrumre.com CA License: 01487954 Download Bio

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Once you schedule a call, you’ll have taken the first step to getting the representation you deserve.

23975 Park Sorrento Suite 110
Calabasas, CA 91302