Description

Location Location Location. By the lake this beautifully remodeled inside & out themed cabins. Residentially zoned, short-term rental Lodge steps from Big Bear Lake. 5 unit Lodge offering a mix of 3 1-bed/1-bath units 1 2-bed/1-bath unit & 1 3-bed/1-bath unit. All units are separate single family homes/cabins with separate meters and 2 or more parking spaces per each unit. One unit has a washer/dryer in it. Larger laundry facility to be added to a separate storage area on lot. Based on the location, the units are occupied 98% of the year with primarily short term tenants allowing a new owner the flexibility to develop larger units with an additional Wedding & Retreat business. This property sits on a corner lot, one block to the lake with a flat half acre lot with multiple trees throughout. Location is everything! Three blocks to Big Bear Lake Village, less than a mile to Snow Summit Ski Resort, half block to Big Bear Blvd. Within walking distance to lake, village, multiple restaurants & shops, Ski Beach Park & Dog Park. This makes for an ideal location for All Seasons Short Term Rental Business along with Weddings & Retreats. 2021 Gross Income $284,756. Net Income for four cabins is $232,590 with a 6.2% Cap rate. Adding additional Net income with the fifth cabin will be $347,756. with a 9.27% Cap rate. Wedding & Retreat Business will add an additional Net income of $138,000 with a total Net Income of $438,590. Pro Forma Cap rate is 11.7%. Great Investment opportunity to own and run three businesses or have as a family compound. All furnishings included. No permanent tenants or leases. Perfect for short or long term rentals.