21
Map
$1,400,000
●
Condo -
For Sale
29180 Lyon
Cedar Glen, CA 92321
4 Beds
3 Baths
6,022 Ft²
$6,875
Est. Monthly
About This Property
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.
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.
Unit Size
6,022 Ft²
Days on Market
24 days
Land Size
0.29 acres
Price per sqft
$232
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 24 days ago (CRMLS #IG26220636)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2026 | Listed by ARROWHEAD PREMIER PROPERTIES | $1,400,000 | |
| Listed by ARROWHEAD PREMIER PROPERTIES | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: Asphalt, Paved, DrivewayLevel
Interior Details
Full Bathrooms: 3
Appliances: Gas Range
Laundry Features: Washer Hookup
Has Fireplace
Fireplace Features: See Remarks
Exterior Details
Has Property Attached
Square Footage: 6022
Year Built Source: Assessor
Year Built: 1945
Building Area Total: 6022
Levels: Three Or More
Building Area Units: Square Feet
Pool Features: None
Lot Features: Paved
Lot Size Area: 12675
Lot Size Units: Square Feet
Lot Size Acres: 0.291
Lot Size Square Feet: 12675
Tax Lot: 33
Water Source: Public
Utilities Details
Cooling Type: Zoned
Heating Type: Wall Furnace
Sewer : SepticTypeUnknown
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Building Info
About Lake Arrowhead
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Brian L. Cohen, ARROWHEAD PREMIER PROPERTIES
Last Updated: 24 days ago
Data Source: CRMLS, MLS# IG26220636
Last Updated: 24 days ago
Data Source: CRMLS, MLS# IG26220636
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