Listing Broker: ARROWHEAD PREMIER PROPERTIES
Listing Agent: Brian L. Cohen
DRE #01954054: 02106052
909-336-2800
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.
| Listing Id: | IG26220636 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Lot Size Acres: | 0.291 |
| Waterfront?: | No |
| Subdivision: | Cedar Glen (Cedg) |
| Year Built: | 1945 |
| Additional Parcels Description: | 0331134350000 |
| Appliances: | GasRange |
| Basement Yn: | No |
| Building Area Units: | SquareFeet |
| Common Walls: | TwoCommonWallsOrMore |
| Cooling: | Zoned |
| Electric Expense: | $13,822 |
| Entry Level: | 1 |
| Fireplace Features: | SeeRemarks |
| Fireplace?: | Yes |
| Fuel Expense: | 5503.0 |
| Gross Scheduled Income: | $171,536 |
| Heating: | WallFurnace |
| Levels: | ThreeOrMore |
| Listing Contract Date: | 2026-10-08 |
| Lot Features: | Paved |
| Lot Size Area: | 12675.0 |
| Lot Size Source: | Assessor |
| Net Operating Income: | $78,818 |
| Number Of Separate Electric Meters: | 1 |
| Number Of Separate Water Meters: | 1 |
| Number Of Units Leased: | 12 |
| Parking Features: | Asphalt, DrivewayLevel, Paved |
| Property Attached?: | Yes |
| State Or Province: | CA |
| Tenant Pays: | None |
| Total Actual Rent: | $13,831 |
| Trash Expense: | $7,321 |
| Water Source: | Public |
| Property Sub Type Additional: | Apartment |
| Country Subdivision: | 06071 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06071:0331126460000 |
| List Price: | $1,400,000 |
|---|---|
| Property Sub Type: | Apartment |
| Association Fee: | $0 |
| Lot Size Square Feet: | 12,675.0 |
| City: | Cedar Glen |
| County Or Parish: | San Bernardino |
| Postal Code: | 92321 |
| Number Of Units Total: | 13 |
| Accessibility Features: | None |
| Building Area Total: | 6022.0 |
| Common Interest: | CommunityApartment |
| Community Features: | DogPark, Hiking, Mountainous, NearNationalForest |
| Cooling?: | Yes |
| Directions: | Hwy 173 to Hook Creek Rd, Right on Lyons |
| Elevation Units: | Feet |
| Entry Location: | 1 |
| Garage Spaces: | 0.0 |
| Heating?: | Yes |
| Insurance Expense: | $8,645 |
| Laundry Features: | WasherHookup |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, CashToNewLoan, Conventional, OwnerWillCarry, PrivateFinancingAvailable |
| Lot Size Acres: | 0.291 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | 287 - Arrowhead Area |
| Number Of Buildings: | 2 |
| Number Of Separate Gas Meters: | 1 |
| Operating Expense: | $92,717 |
| Original List Price: | $1,400,000 |
| Other Expense: | $16,283 |
| Parcel Number: | 0331126460000 |
| Parking Total: | 15 |
| Pool Features: | None |
| Possession: | CloseOfEscrow |
| Postal City: | CEDAR GLEN |
| Roof: | Composition |
| Sewer: | SepticTypeUnknown |
| Special Listing Conditions: | Standard |
| Stories Total: | 3 |
| Water Sewer Expense: | $4,771 |
| Year Built Source: | Assessor |
| Current Price: | $1,400,000.00 |
| Record Signature: | -1,983,391,183 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 11, 2026. 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.
California Regional Multiple Listing Service, Inc. data last updated on October 11, 2026 01:17 AM - PT
Property Last Updated: October 11, 2026 01:17 AM - PT
