40241 Big Bear,Big Bear Lake, CA 92315
Big Bear Lake, CA 92315
Description
Hillcrest Lodge is a well-located multifamily investment property in the heart of Big Bear Lake, one of Southern California’s most established and supply-constrained mountain resort markets. The property is currently operated as long-term, month-to-month residential rentals and consists of 13 rentable units plus an on-site manager’s unit, distributed across four separate buildings featuring a unique blend of independent cabin-style units and apartment-style layouts. The unit mix includes one-bedroom units with kitchens, two-bedroom units with kitchens, and studio units with and without kitchens, allowing flexibility to serve a broad and diverse tenant base. Several units are fully detached, offering enhanced privacy and livability, while a two-story building provides efficient apartment-style configurations. Originally built in 1960, the property sits on an approximately 21,636 square foot lot with a total building area of approximately 5,526 square feet. Big Bear Lake benefits from strong year-round demand driven by winter skiing, summer lake activities, hiking, outdoor recreation, and seasonal events, attracting visitors and residents from the Greater Los Angeles region. Limited land availability and development constraints further support long-term value appreciation and stability. Hillcrest Lodge is well-suited for multifamily investors, owner-operators, or 1031 exchange buyers seeking a diversified unit mix and long-term investment potential in a premier mountain resort market.Buyer to verify all information related to the listing and do their own due diligence .....
Details
| MLS # | AR26011002 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 225 |
| Listing Provided By | CBD Investment Inc. | Henry Liu |
Features
| SQ Feet | 5,526 |
|---|---|
| Story(s) | 1 |
| Units | 13 |
| Building(s) | 4 |
| Acreage | 0.50 |
Exterior
| Lot Features | Eleven To Fifteen Units Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Mountainous |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Big Bear Lake |
| Zip Code | 92315 |
| Area | 289 Big Bear Area |
| Listing VS Median (in 92315) | |
Price: $1,800,000 low | high Med: $591,950 sqft: 5,526 low | high Med: 1,486 $ / sqft: $326 low | high Med: $405 On site: 225 low | high Med: 94.5 | |
Market Activity 92315
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Big Bear Lake |
| Zip Code | 92315 |
| Area | 289 Big Bear Area |
| Listing VS Median (in 92315) | |
Price: $1,800,000 low | high Med: $591,950 sqft: 5,526 low | high Med: 1,486 $ / sqft: $326 low | high Med: $405 On site: 225 low | high Med: 94.5 | |
