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801 Cameron Drive, Big Bear Lake, CA 92315
$825,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
2
baths
1,850
sqft
Built in
1956
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.
Features & Amenities
Interior
- Laundry:
- Inside
- A/C:
- Central Forced Air
- Heating:
- Forced Air Unit
- Fireplace:
- FP in Living Room
Exterior
- Pool:
- None
- Parking:
- Parking spaces: 1
Construction
- General:
- 2 Story
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- California Regional MLS
- County:
- San Bernardino
Lot
- Zoning:
- 0308182010000
- View:
- City Lights
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- California Regional MLS
This listing courtesy of:
InvestorsAlly Realty, Ralph Liu
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Big Bear Lake, CA
Housing
- Number of Units
- 8,633
- Median Home Value
- $385,062
- Median Rent
- $858
43.90% of housing units are renter occupied.
74.75% are vacant.
Commute
- Car
-
42.76%
- Public Transportation
-
0.00%
- Walk to Work
-
3.46%
- Work from Home
-
53.28%
- Other
-
0.50%
The median travel time to work is 9 minutes.
People
- Population
- 4,763
- Median Age
- 39.30
- Median Household Size
- 2.53
Education
- High School
-
23.93%
- Associate’s Degree
-
10.79%
- Bachelor’s Degree
-
17.54%
- Graduate Degree
-
12.19%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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