Description
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.
Details
| MLS # | IG26220636 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 10 |
| Listing Provided By | ARROWHEAD PREMIER PROPERTIES | Brian L. Cohen |
Features
| SQ Feet | 6,022 |
|---|---|
| Story(s) | 3 |
| Units | 13 |
| Building(s) | 2 |
| Acreage | 0.29 |
Interior
| Cooling | Zoned |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Range |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | Paved |
Parking
| Parking Features | Asphalt, Driveway Level, Paved |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Septic Type Unknown |
|---|
Location
| Community Features | Dog Park, Hiking, Mountainous, Near National Forest |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Cedar Glen |
| Zip Code | 92321 |
| Area | 287 Arrowhead Area |
| Community Name | Cedar Glen (CEDG) |
| Listing VS Median (in Cedar Glen (CEDG)) | |
Price: $1,400,000 low | high Med: $412,950 sqft: 6,022 low | high Med: 987 $ / sqft: $232 low | high Med: $419 On site: 10 low | high Med: 89 | |
Market Activity 92321
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Cedar Glen |
| Zip Code | 92321 |
| Area | 287 Arrowhead Area |
| Community Name | Cedar Glen (CEDG) |
| Listing VS Median (in Cedar Glen (CEDG)) | |
Price: $1,400,000 low | high Med: $412,950 sqft: 6,022 low | high Med: 987 $ / sqft: $232 low | high Med: $419 On site: 10 low | high Med: 89 | |
