29182 Lyon Drive, Lake Arrowhead, CA 92321

$1,950,000
List Price
$1,950,000
MLS#
IV23021484
Status
ACTIVE
Type
Multifamily

Property Description

Fully-repositioned, rehabbed and stabilized 12-unit investment opportunity that is nestled in mountains less than 5-minutes from the Lake. The layout consist of 2-Buildings, a House with 3 Bedrooms and 2.5 Bath that is fully rehabbed for a high-end personal vacation home or AIRBNB type rental. The other is an 11-unit Building consisting cozy Studios with 1 bathroom. The Units are leases to long term tenants, but can also be used as Short-Term Vacation rentals, there is no other types of properties like this that allow Short-Term Rentals, this is an Allowed Non-Conforming USE that makes this a true Treasure. This is a great fit for your 1031 Exchange situation for anyone who wants to upgrade in Asset Class, with low CAPEX

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Golden California, MANUEL MARQUEZ.