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Listed by Brian L. Cohen • Arrowhead Premier Properties
$ 1,298,000
Est. payment | /mo
6 Beds
6 Baths
4,606 SqFt
$ 1,298,000
Est. payment | /mo
6 Beds
6 Baths
4,606 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,606 sqft
Price per Sqft $281
MLS Listing ID 32601016
Bedrooms 6
Construction Status Resale
Year Built 1942
Property Sub-Type Multi Family
Land Area 4606
Property Description
Located in the San Bernardino Mountains between Lake Arrowhead and Big Bear, this property is licensed and registered as MOTEL in the County of San Bernardino however, operates as multi-family. Units mostly consist of individual 1 bedroom/1 bathroom cabins and all units are currently rented month-to-month. Originally building in the 1940's this property consists of 1 main house with 3 bedroom and 2.5 bathrooms, there is an attached office and 2 attached studio units below, plus 5 stand-alone cabins. For additional revenue, there is a coin-op laundry on site. This sits on a large street-to-street property with room for expansion. All units are well maintained with updates and are currently rented and property is professionally managed. Live in the main house and enjoy the revenue from the units to cover your living expenses or operate as a nightly motel. Great Cash Flow - Lots of potential. Easy commuter location on Hwy 330 and close to SkyPark at Santa's Village and Snow Valley Skiing.
Location
State CA
County San Bernardino
Area Running Springs
Interior
Heating Forced Air, Wall Furnace
Fireplace No
Exterior
Parking Features Four or more Spaces, Parking Space(s)
Street Surface Paved
Road Frontage City Street
Building
Entry Level One
Level or Stories One
Construction Status Resale
Others
Tax ID 0295-174-72-0000
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Nearby Locations
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Annette Contreras
Partner Lic# 01945568