801 Cameron Drive, Big Bear Lake, CA 92315
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Listed Price :
$800,000
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Beds :
3
-
Baths :
2
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Property Size :
1,850 sqft
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Year Built :
1956
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.
Interior Features
| Bedroom Information |
| Bedrooms |
3 |
| Bathroom Information |
| Bathrooms |
2 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
801 Cameron Drive |
| City |
Big Bear Lake |
| State |
CA |
| Zip |
92315 |
| County |
San Bernardino |
| Listing Agent |
Ralph Liu DRE #01342940 |
| Courtesy Of |
InvestorsAlly Realty |
| List Price |
$800,000 |
| Status |
Hidden |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
1,850 |
| Lot Size |
5,810 |
| Year Built |
1956 |
Listing information courtesy of: Ralph Liu, InvestorsAlly Realty. *Based on information from the Association of REALTORS/Multiple Listing as of May 2nd, 2024 at 7:09 AM 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.
