Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

13

Building size

6,022 sqft

Lot size

12,675 sqft

Year built

1945

Stories

3

Garage spaces

0

Heating

Wall Furnace

Cooling

Zoned

Pool

None

Status

Active

Days on market

0

MLS #

248200119

About this property

13-Unit Income Property – Investment Opportunity in Lake Arrowhead! Excellent opportunity to acquire a 13-unit multifamily income property conveniently located near Cedar Glen shopping and dining, and just minutes from Lake Arrowhead Village. Situated on two separate parcels, this property offers a good ROI. Features 11 studio apartments, one 1-bedroom unit, and one 2-bedroom unit, offering a diverse unit mix and attractive rental income potential. Some of the units have been updated with modern improvements, including luxury vinyl plank flooring, quartz countertops, fresh interior paint, and other upgrades. The property offers convenient, level parking and easy access to nearby shopping, restaurants, and recreational amenities. With established rental income and opportunities to further increase revenue through continued improvements and rental adjustments, this property presents an attractive investment opportunity in the desirable Lake Arrowhead mountain community. Rare opportunity to own a 13-unit income-producing property with upside potential! Contact the listing agent for additional information, including on rental income, operating expenses, and investment details.

Location

29180 Lyon

Cedar Glen, San Bernardino, CA, 92321