$ 825,000
801 Cameron Drive Big Bear Lake, CA 92315
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Listed by Ralph Liu • InvestorsAlly Realty
$ 825,000
Est. payment | /mo
3 Beds
2 Baths
1,850 SqFt
$ 825,000
Est. payment | /mo
3 Beds
2 Baths
1,850 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,850 sqft
Price per Sqft $445
MLS Listing ID NP-24135433
Bedrooms 3
Full Baths 2
Year Built 1956
Lot Size 5,810 Sqft
Property Description
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.
Location
State CA
County San Bernardino
Interior
Heating Central
Cooling Central Air
Fireplaces Type Living Room
Laundry Inside
Exterior
Garage Spaces 1.0
Pool None
Community Features Fishing, Hiking, Mountainous, Valley, Watersports
View Y/N Yes
View City Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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Marissa Buss & Danny Lambert
Lic# 01770909 | 01834114