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+19092149009
Keller Williams Realty
29180 Lyon, Cedar Glen, CA 92321
- $1,400,000
- List Price
- $1,400,000
- Status
- ACTIVE
- MLS#
- IG26220636
- Year Built
- 1945
- Lot Size
- 12,675
- Acres
- 0.29
- Lot Location
- Paved
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Three Or More Levels
- Neighborhood
- Cedar Glen (Cedg)
Property 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.
Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Fireplace Description
- See Remarks
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Zoned
- Roof
- Composition
- Sewer
- Septic Type Unknown
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 13
- Gross Scheduled Income
- $171,536
- Operating Expense
- 92717
Listing courtesy of Listing Agent: Brian L. Cohen (brian@cohen-realty.com) from Listing Office: ARROWHEAD PREMIER PROPERTIES.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.