Charming 5-Unit Investment Opportunity in Prime Big Bear Lake

We’re proud to present The Jeffries Apartments, a rare and well-positioned five-unit multifamily investment in the heart of Big Bear Lake, just east of the bustling intersection of Big Bear Blvd and Main Street. Operating at a 5.7% CAP rate, this income-producing property offers both stability and upside in one of Southern California’s top year-round vacation destinations. Built in 1947, the property features one detached 2-bed, 2-bath single-family residence and four fully rehabbed studio units, all situated on a generous 8,745 SF lot.

Each studio has been thoughtfully updated with modern flooring, kitchens, bathrooms, and windows, offering turnkey appeal to renters and low maintenance for owners. Additional highlights include six on-site parking spaces, a shared laundry room, and strong rental demand thanks to the area’s tourism-driven economy. With Big Bear’s endless outdoor recreation—from skiing and snowboarding in the winter to hiking, fishing, and biking in the summer—this property offers investors a unique opportunity in a high-demand, lifestyle-driven market. Drive by only—please do not disturb tenants.