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Key Details
Sold Price $925,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV23172357
Sold Date 01/25/24
HOA Y/N No
Year Built 1950
Lot Size 0.433 Acres
Property Description
Situated near the heart of Big Bear Lake is a unique opportunity to own this 8 unit lodge! Just minutes to the Big Bear Lake Village, Marinas, Ski Resorts, and shopping! This 8 unit lodge is comprised of two duplex style units and 4 stand alone cabins offering over 30 beds making it great for large groups or individual unit rentals. Recent upgrades throughout the property and a proven income resulting in a 7% +/- cap rate for 2022. Heated driveway and the outdoor seating area with horseshoes and a firepit are just a couple of the attributes that make this property desirable. Property will come fully furnished with the ability for the new owner to step in and continue conducting business. Currently one unit is occupied by on site manager. Don't let this opportunity get by!
Location
State CA
County San Bernardino
Area 289 - Big Bear Area
Rooms
Other Rooms Living Quarters
Interior
Fireplace No
Laundry Inside, Laundry Room
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Composition
Building
Lot Description 2-5 Units/Acre, Trees
Story 2
Water Public
Additional Building Living Quarters
Others
Tax ID 0307197060000
Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, Fannie Mae, Freddie Mac, Government Loan, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, Fannie Mae, Freddie Mac, Government Loan, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with MICHAEL KREUZ • RE/MAX BIG BEAR
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