For Sale
$995,000

449 Georgia StBig Bear Lake, CA 92315

Five-unit mountain retreat, renovated.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional five-unit multifamily property in Big Bear Lake, CA, presents a compelling investment opportunity. Located at 449 Georgia St, this 0.38-acre property is conveniently situated near Big Bear Blvd, Big Bear Village, the lake, and major ski resorts (Bear Mountain and Snow Summit, both within 1.3 miles). A Mountain Transit Shuttle stop is just 400 feet away. The property includes five one-story buildings, constructed in 1924 and extensively renovated in 2023. Four units boast recent upgrades, including new paint (interior and exterior), updated plumbing, modern mini-split HVAC systems, improved electrical systems, new handrails, and enhanced exterior lighting. One unit (Cabin #3) has an active short-term rental (STR) license and historically generated approximately $3,500 in monthly income. All furnishings in Cabin #3 convey with the sale. A transferable RTI permit allows for the addition of an exterior door and hot tub to Cabin #3, further increasing rental potential. Unit #5 has unpermitted work and cannot be used as a residential rental

Highlights

  • Exceptional five-unit multifamily investment opportunity in Big Bear Lake, CA.
  • Located on a 0.38-acre lot near Big Bear Blvd, Big Bear Village, the lake, and major ski resorts.
  • Five one-story buildings, renovated in 2023, with four units featuring recent upgrades (new paint, plumbing, HVAC, electrical, and lighting).
  • One unit (Cabin #3) has an active STR license with approx. $3,500 monthly income and conveys fully furnished.
  • Transferable permit allows for exterior door and hot tub addition to Cabin #3.
  • Unit #5 has unpermitted work and is not currently rentable.

Property Details for 449 Georgia St

Property type
Residential income homes, Apartment buildings
Class
B
Year Built/Renovated
1924/2023
Buildings
5
Stories
1
Lot Size (sq. ft)
16,553 SF
Units
5

Location Insight

City
Big Bear Lake
County
San Bernardino
State
California
Latitude
34.2444109
Longitude
-116.900259
449 Georgia St, Big Bear Lake, California

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449 Georgia St
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