Fantastic opportunity! This home is located on Big Bear Blvd on a 10,000 SF commercial lot. The property currently generates $1600 per month income. The home is a 2 bedroom 2 bath and the separated office space up front has an office, meeting room, 1/2 bathroom and has a pellet stove. They are currently separate units, but could be easily combined to increase the size of the residence to a 3 bedroom, office, 2.5 bath. There is also a 2 car "stacked" attached garage. The entire property has been updated / upgraded recently and is in good condition. Seller has permits and has been recently appraised. If you are looking for a home with a commercial exposure, this is it. Based on the current rents, the cap rate at this asking price is 7.71%. The single family residence is considered as a legal-nonconforming use due to the commercial zoning.
Original Listing