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801 Cameron Dr
Big Bear Lake, CA 92315
Fully furnished luxury rental Big Bear Lake · Specialty Property For Sale · 1,916 SF

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INVESTMENT HIGHLIGHTS

  • Great location. Minutes of walking distance from the heart of the Big Bear Village

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type Investment
Sale Condition 1031 Exchange
Property Type Specialty
Property Subtype
Residential Income
  • Hospitality Hotel
Building Class B
Lot Size 0.13 AC
Building Size 1,916 SF
No. Stories 2
Year Built/Renovated 1956/2022
Parking Ratio 0.52/1,000 SF
  • Listing ID: 25316569

  • Date on Market: 2022-03-24

  • Last Updated:

  • Address: 801 Cameron Dr, Big Bear Lake, CA 92315

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