Turnkey Duplex Investment
229 E Big Bear BLVD Big Bear City, CA 92314
New
For Sale
$499,999
Fully refurbished duplex offers two separately metered 1-bedroom units with fenced backyards and parking for 6–7 vehicles.
Property Size1,400 SF
Price / SF$357.14
Days on Market6
Property Features for 229 E Big Bear BLVD
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi Family
Building Details
Year Built
1940
Listing Agency:
Century 21 Masters
(760) 662-9170
Listed By:
Anthony Rezendes · License #01015322
(760) 662-9170
Source:
Exitrealty
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 29 at 6:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Masters
Investment Insights
Based on property information with market context.
This turnkey duplex features two 1-bedroom, 1-bath units with open-concept living, dining, and kitchen layouts. Each unit includes a river rock fireplace with a built-in entertainment niche. Interior updates include newer carpeting, wood-look laminate flooring, updated cabinetry and countertops, tile showers with glass enclosures, updated toilets, fresh interior and exterior paint, and select stainless steel appliances. Major improvements reported include updated dual-pane windows and a roof described as a 40-year roof in excellent condition.
The property includes freshly slurry-coated parking and separate fenced backyards for each unit. Gas and electric service are separately metered, with one water meter and separate shut-off valves. Parking is described as accommodating 6–7 vehicles.
The duplex is described as move-in ready and income-ready, with a strong rental history noted in the remarks and flexibility for different owner-occupant or rental use preferences.
The property includes freshly slurry-coated parking and separate fenced backyards for each unit. Gas and electric service are separately metered, with one water meter and separate shut-off valves. Parking is described as accommodating 6–7 vehicles.
The duplex is described as move-in ready and income-ready, with a strong rental history noted in the remarks and flexibility for different owner-occupant or rental use preferences.
Key Highlights
- Fully refurbished duplex built in 1940 with two 1‑bedroom, 1‑bath units.
- Each unit is approximately 700± SF and features an open‑concept living, dining, and kitchen area.
- Recent updates include newer carpeting, wood‑look laminate flooring, updated cabinetry and countertops, and tile showers with glass enclosures.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.7k | $15.48 |
| − Vacancy | −$1.3k | −$0.91 |
| EGI | $20.4k | $14.57 |
| − OpEx | −$6.1k | −$4.37 |
| NOI | $14.3k | $10.20 |
1,400 SF · lease $15.48/SF/yr · vacancy 5.89% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.0K
$178.5K – $238.0K
NOI $14,277 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$177.1K
$154.9K – $206.6K
NOI $12,394 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$295.3K
$258.4K – $344.5K
NOI $20,672 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully refurbished duplex offers two separately metered 1-bedroom units with fenced backyards and parking for 6–7 vehicles.
Where is this duplex located?
The property is located at 229 E Big Bear BLVD Big Bear City, CA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Fully refurbished duplex built in 1940 with two 1‑bedroom, 1‑bath units.; Each unit is approximately 700± SF and features an open‑concept living, dining, and kitchen area.; Recent updates include newer carpeting, wood‑look laminate flooring, updated cabinetry and countertops, and tile showers with glass enclosures.
