13-Unit Multifamily Property in Big Bear Lake 40241 Big Bear Blvd 13 Room Hotel Big Bear Lake, CA 92315 $2,500,110 CAD ($192,316 CAD/Room) 6.20% Cap Rate

Hillcrest Lodge is a well-located multifamily investment property situated 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, spread across four separate buildings. The layout features a unique combination of independent cabin-style units and apartment-style residences. Unit mix includes one-bedroom units with kitchens, two-bedroom units with kitchens, and studio units with and without kitchens, providing flexibility to accommodate a 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 is located 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 tourism, attracting residents and visitors from the Greater Los Angeles region. Limited land availability and development constraints further support long-term value stability and appreciation. 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.