401 Knight Avenue, Big Bear Lake, CA 92315
-
Listed Price :
$1,649,967
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Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1947
Property Description
HUGE PRICE REDUCTION!!! Unbeatable Investment Opportunity in Big Bear Lake! LOCATION, LOCATION, LOCATION!
This is a rare chance to own a prime piece of real estate in the heart of Big Bear Lake with an unheard-of Cap Rate. Just one block from the lake, this newly remodeled property offers exceptional potential for both short-term and long-term rental income, as well as a venue for weddings and retreats.
Property Highlights: 5 Unit Property: Offering a mix of three 1-bed/1-bath units, one 2-bed/1-bath unit, and one 3-bed/1-bath unit.
Separate Single Family Detached Homes: Each with separate meters and 2+ parking spaces.
Laundry Facilities: One unit with its own washer/dryer and plans for a larger shared laundry facility in a separate storage area on the lot.
Ideal Corner Lot: Flat half-acre lot with multiple trees, just one block from the lake.
Proximity to Attractions: Three blocks to Big Bear Lake Village
Less than a mile to Snow Summit Ski Resort
Half a block to Big Bear Blvd
Walking distance to the lake, village, multiple restaurants, shops, Ski Beach Park, and Dog Park
Investment Potential: With a 98% occupancy rate, this property offers flexibility for development, including expanding to larger homes or additional units. The location is perfect for a thriving short-term or long-term rental business, weddings, and retreats.
Key Features: All units will be delivered vacant at the buyer's discretion.
Fully furnished (excluding some personal items).
No permanent tenants or leases, ensuring a seamless transition for new ownership.
This property is perfect as a family compound, rental business, or event venue. Don’t miss out on this great investment opportunity in one of Big Bear Lake’s most desirable locations!
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Carpet, Laminate, Vinyl, Wood |
| Interior Information |
| Features |
Beamed Ceilings, Ceiling Fan(s), Copper Plumbing Partial, Furnished, High Ceilings, In-Law Floorplan, Living Room Deck Attached, Open Floorplan, Storage, Wood Product Walls |
| Cooling Type |
None |
Listing Information
| Address |
401 Knight Avenue |
| City |
Big Bear Lake |
| State |
CA |
| Zip |
92315 |
| County |
San Bernardino |
| Listing Agent |
Irene Olsen DRE #01938608 |
| Courtesy Of |
Vylla Home, Inc. |
| List Price |
$1,649,967 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
20,160 |
| Year Built |
1947 |
Listing information courtesy of: Irene Olsen, Vylla Home, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jun 19th, 2024 at 2:55 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
