This property has just completed a major overhaul renovation. It is like a brand new modern style luxury home now, "completely furnished" and ready to rent! The living space has increased from 1,100 sq ft to a total of 1,850 sq ft now. It has a total of 3 bedrooms, 4 beds and 2 bathrooms. The original garage has been transformed into a playroom. A new covered carport has been built. There is also a concrete shower stand, a hot tub on the lower deck and a BBQ grill on the upper deck. The entire house is permitted to sleep 9 people now. The main value of the house is in its golden location. It is within a stone throw from the fancy restaurants and popular bars, saloons, fast food outlets and shops on Village Dr and Pine Knot Avenue, i.e. the very heart of the Big Bear Village. It commands a very high rental rate from various short term rental sites. The arbitrage opportunity is that it needs to accumulate some rental income track records for the newly approved large 9-guest, 3-bedroom capability to obtain a good bank loan and to increase the sales price. It was not able to do that during the renovation construction period and the previous much limited capacity. So a good property manager or somebody who is already familiar with Airbnb rental management can simply increase the property value by putting in some adequate marketing efforts without even having to put in any more renovation investment money or buying furniture after the purchase.
|
DAYS ON MARKET
|
121
|
LAST UPDATED
|
10/15/2024
|
|
YEAR BUILT
|
1956
|
COMMUNITY
|
Big Bear Area
|
|
GARAGE SPACES
|
1.0
|
COUNTY
|
San Bernardino
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
| School District |
Bear Valley Unified |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
Big Bear Area |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Central |
| HOA DUES |
0 |
| INTERIOR |
Bedroom on Main Level |
| LOT |
5810 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| WATER |
Public |
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Listed with InvestorsAlly Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/31/24 6:33 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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