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Map
$790,238*
●
Commercial -
Off Market
16218 Mil Potrero Highway
Pine Mtn Club, CA 93222
Studio
0 Bath
$485,000 - $591,000
Reference Base Price*
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
8 Unit Commercial Office Building fully rented bringing in $4,200
monthly with 8.00% cap rate, very low maintenance with business
tenants (real estate , internet co. & contractor), most with long
term leases. Located in popular Pine Mountain Club, approx. 1
1/2 hours north of Hollywood & Los Angeles, area showing
signs of new build growth, price increases & popularity for
surrounding cabin homes, the annual festivals, events, golf,
tennis, hiking & the changing seasons. Building was
previously featured in TV Series with open contract for possible
future filming (buyer to verify), also sits off the main highway
entering community (high visibility) front & back parking, next to
gas station, local market & sports bar. Improvements made,
new roof, new windows & laminated floors in some units.
Building has 2 meters, some skylights, a small loft, stone
fireplace, bathrooms & end unit with own shower. Amazing views from
building to mountains, golf course, small lake & club house.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1973
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 31, 2019 | No longer available | - | |
No longer available | |||
Apr 26, 2019 | Price Decreased |
$538,950
↓ $20K
(3.6%)
|
|
Price Decreased | |||
Mar 21, 2019 | Listed | $559,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
3
Beds
2
Baths
1,890 ft²
$304/ft²
$575,000
Feb 22, 2024
-
$1,988/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/21/2020
|
|
Loft
|
-
|
-
|
$377,000
Loft
-
|
-
-
|
-
|
-
|
03/21/2019
|
|
Studio
|
-
|
-
|
$559,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
About Pine Mountain Club
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