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    2726 View Drive Running Springs, CA 92382

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    Claim this Listing
    New
    For Sale
    $1,298,000

    Commercial/Residential - Running Springs, CA

    Property size:
    5,000 SF
    Lot size:
    28,370.00 Acres
    Price / SF:
    $259/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 3:06 am

    Property Features for 2726 View Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    HT/RS-10M
    Bedrooms
    10
    Bathrooms
    10
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    9
    Interior features
    None
    Exterior features
    Community Features Included: Mountainous, Gentle Sloping, Lot 20000-39999 Sqft
    Appliances
    Range, Range - Gas, Refrigerator
    Standard status
    Active
    APN
    0295174720000
    Size
    5,000 SF
    Lot size
    28,370.00 Acres

    Utilities

    Heating system
    Central, Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1942
    Floors in Building
    1
    Number of units
    8
    Flooring type
    Tile, Vinyl, Wood
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Brian L. Cohen
    Brian L. Cohen

    Listing agent Brian L. Cohen License #02106052

    Listing office ARROWHEAD PREMIER PROPERTIES 28200 Hwy 189, N160, Lake Arrowhead, CA

    Listing date May 7, 2026

    MLS# IG26099536 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Licensed motel property operating as multi‑family with potential for nightly rentals or owner‑occupied living with rental income.
    • Great cash flow from currently rented units with professional property management in place.
    • Located between Lake Arrowhead and Big Bear, close to Hwy 330, SkyPark at Santa's Village, and Snow Valley Skiing.
    • Includes a 3‑bedroom main house, attached office and studio units, and 5 stand‑alone cabins.
    • Large street‑to‑street lot with room for expansion.
    • Coin‑operated laundry on‑site for additional revenue.

    Overview

    Running Springs Multifamily/Motel Opportunity

    Located in the San Bernardino Mountains, between Lake Arrowhead and Big Bear, this property is licensed and registered as a motel in the County of San Bernardino, but currently operates as a multi-family rental. Constructed in the 1940s, the property includes one main house with 3 bedrooms and 2.5 bathrooms, an attached office, and two attached studio units below, plus five stand-alone cabins. Most units consist of individual 1-bedroom, 1-bathroom cabins, and all are rented month-to-month. A coin-operated laundry is available on site for additional revenue. Situated on a large street-to-street lot, there is room for expansion. All units are well-maintained with updates, currently rented, and professionally managed. The property offers the option to live in the main house while generating revenue from the other units or to operate as a nightly motel. Located on Highway 330, it provides an easy commute and is close to SkyPark at Santa's Village and Snow Valley Skiing. The property size is approximately 5000 square feet on a lot of about 0.65 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Similar Places Nearby

    • Giant Oaks Lodge — 32180 Hilltop Blvd, Running Springs, CA 92382
    • Bear Dance Cabin — 2773 Preston Dr, Running Springs, CA 92382
    • Mountain Cowboy Cabin Stay — Valley View Dr, Running Springs, CA 92382
    • The Cottages — 31518 Hilltop Blvd, Running Springs, CA 92382
    • Sherwood Arms Motel — 32075 Holiday Ln, Running Springs, CA 92382

    Map

    City
    Running Springs
    County
    San Bernardino
    State
    California
    Longitude
    -117.089
    Latitude
    34.1964

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    FAQs

    What type of property is this?
    Motel - Multifamily property with motel license in Running Springs, CA.
    Where is this motel located?
    The property is located at 2726 View Drive Running Springs, CA.
    What is the asking price?
    The asking price for this property is $1,298,000.
    What are key features of this property?
    This property features: Licensed motel property operating as multi‑family with potential for nightly rentals or owner‑occupied living with rental income.; Great cash flow from currently rented units with professional property management in place.; Located between Lake Arrowhead and Big Bear, close to Hwy 330, SkyPark at Santa's Village, and Snow Valley Skiing.
    (909) 336-2800
    We can help!
    Listing Contact
    Brian L. Cohen
    Brian L. Cohen
    Real Estate License ID: 02106052
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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