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1017 Greenway Dr - RARE BEAUTIFUL TRIPLEX IN BIG BEAR 3 Unit Apartment Building Offered at $934,814 CAD at a 8.98% Cap Rate Big Bear City, CA 92314

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INVESTMENT HIGHLIGHTS

  • ONE OF THE FEW MULTIFAMILY OFFERINGS IN BIG BEAR AREA
  • HAVE A VACATION HOME IN BIG BEAR FOR FREE!!
  • RESERVE ONE UNIT FOR YOURSELF AND HAVE YOUR TENANTS PAY YOUR MORTGAGE AND EXPENSES
  • VERY FEW MULTIFAMILY PROPERTIES WERE EVER BUILT IN BIG BEAR! DUE LACK OF SUPPLY, YOU HAVE A HUGE APPRECIATING PROPERTY!!!!!

EXECUTIVE SUMMARY

This gem is a rare find in the Big Bear Area! The Big Bear area has very few multifamily that were ever built, or consequently existing. Therefore, due to there always being a lack of supply, you're virtually guaranteed that this investment will always appreciate rapidly!
This offering is a triplex consisting of three 2 bedroom 1 bath units.
When you look at the exterior of this triplex, it looks exquisitely charming.
The beauty here, is that you can buy these units, leave one unit reserved for you/family/friends, and then the other two tenants will make your mortgage payment. So you can have a vacation home for your family/friends throughout the year, and it costs you little to nothing!!!
The owner has taken great pride of ownership in these units! And they have been maintained and upgraded. Amenities include upgraded kitchens including appliances and cabinetry, new flooring, forced cool and wall heating, and freshly painted inside and out.
There are laundry hook ups in each unit!
Existing rents are lower than market but month to month and can be brought up to market. Please see rent roll including actual rents, market rents, and a nearby rent comp attached in the MARKETING PACKAGE attached above.

This offering is a GREAT BUY! Please see a nearby triplex comp in MARKETING PACKAGE attached. It's three 2 beds 1 baths like us. IT SOLD FOR $720,000!! AND WE'RE ASKING $675,000!!!
When you look at the pictures, you can see just how nice the triplex is, inside and out.
Also, this complex is on a large lot, and according to the county, one can add two ADU's if they wish.
All units have separately metered gas and electric that the tenants sign up and pay for.
This is a rare opportunity to have a lovely vacation home, where you can entertain your family and friends at little to no monthly costs. And create precious memories for years to come!! And if you look back on the history of multifamily offerings and sales, there's been only three in the last 10 years!!! This is truly a great rare opportunity!!!

PROPERTY FACTS

Price $934,814 CAD
Price Per Unit $311,605 CAD
Sale Type Investment
Cap Rate 8.98%
Gross Rent Multiplier 9.38
No. Units 3
Property Type Multifamily
Building Size 2,100 SF
No. Stories 2
Year Built/Renovated 1978/2025

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 3 - -
  • Listing ID: 38181069

  • Date on Market: 2025-10-23

  • Last Updated:

  • Address: 1017 Greenway Dr, Big Bear City, CA 92314

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