801 Cameron Drive, Big Bear Lake, CA 92315

$825,000 Asking Price

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

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.

Similar Homes

Message

Interested in this home?

Request more information: