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439 Jeffries Rd

5 Unit Apartment Building $1,274,306 CAD ($254,861 CAD/Unit) 5.09% Cap Rate Big Bear Lake, CA 92315

Executive Summary

We are pleased to present the Jeffries Apartments a charming, bread and butter five (5) unit multifamily investment opportunity located in Prime Big Bear Lake just east of the intersection of Big Bear Blvd and Main St. Operating at 13.14 GRM and a 5.09% CAP rate, the property was built in 1947, consists of one (1) Two Bedroom Two Bath detached Single Family Residential and four (4) Studios, and is situated on a 8,745 SF lot. All the Studios have been rehabbed with updated flooring, kitchens, bathrooms, windows, and more. Further, there are a total of 6 parking spaces towards the rear of the property along with an on-site laundry room. Big Bear Lake is a year round destination for those living in Southern California as well as tourists alike. The town features a variety of dining and shopping options and recreational activities: skiing, snowboarding, fishing, hiking, mountain biking, etc. DRIVE BY ONLY. PLEASE DO NOT SET FOOT ON PROPERTY OR DISTURB TENANTS.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $1,274,306 CAD
Price Per Unit $254,861 CAD
Sale Type Investment
Cap Rate 5.09%
Gross Rent Multiplier 13.14
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.20 AC
Building Size 1,720 SF
No. Stories 2
Year Built 1947
Parking Ratio 3.49/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 1 $2,977 CAD -
Studios 4 $1,400 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0309-048-13
Land Assessment
$140,436 CAD (2024)
Improvements Assessment
$360,319 CAD (2024)
Total Assessment
$500,755 CAD (2024)
  • Listing ID: 33284767

  • Date on Market: 2024-09-24

  • Last Updated:

  • Address: 439 Jeffries Rd, Big Bear Lake, CA 92315

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