UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Cedar Glen (Cedg)
MLS Listing ID IG26220636
HOA Y/N No
Year Built 1945
Lot Size 0.291 Acres
Property Sub-Type Apartment
Property Description
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
State CA
County San Bernardino
Area 287 - Arrowhead Area
Interior
Heating Wall Furnace
Cooling Zoned
Fireplaces Type See Remarks
Fireplace Yes
Appliance Gas Range
Laundry Washer Hookup
Exterior
Parking Features Asphalt, Driveway Level, Paved
Pool None
Community Features Dog Park, Hiking, Mountainous, Near National Forest
Roof Type Composition
Accessibility None
Total Parking Spaces 15
Private Pool No
Building
Lot Description Paved
Story 3
Entry Level Three Or More
Sewer Septic Type Unknown
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 0331126460000
Energy Description 5503.0
Acceptable Financing Cash, Cash to New Loan, Conventional, Owner Will Carry, Private Financing Available
Listing Terms Cash, Cash to New Loan, Conventional, Owner Will Carry, Private Financing Available
Special Listing Condition Standard
MORTGAGE CALCULATOR
NEARBY SCHOOL & BUSINESS
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