Hotel with Multiple
40504 Big Bear Blvd, Big Bear Lake, CA 92315
For Sale
New
$4,099,000
Lodging inventory includes hotel rooms, cabins, a studio, and manager’s quarters.
Property Size25,126 SF
Lot Size0.87 Acres
Price / SF$163.14
Days on Market3
Property Features for 40504 Big Bear Blvd
General Information
Standard status
Size
Lot size
Property subtype
Amenities
swimming pool
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Big Bear Lake Arrowhead
Listed By:
Daniel Easterby · License #01261409
(909) 375-0081
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Big Bear Lake Arrowhead
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Investment Insights
Based on property information with market context.
This Big Bear Lake hospitality property combines 18 hotel rooms with several additional lodging and support spaces. Improvements include a separate four-bedroom cabin, a manager’s office with an attached cabin and kitchen, a studio, four individual cabins, and a storage outbuilding. A concrete and plaster swimming pool is also on site. The three parcels contain approximately 38,065 square feet of land and approximately 25,126 square feet of reported habitable space. Seller information dates the original development to circa 1926.
Big Bear Marina is approximately 0.2 miles away, The Village is approximately 0.3 miles away, and Alpine Slide at Magic Mountain is approximately 0.4 miles away. The property is located on Big Bear Boulevard in Big Bear Lake.
Big Bear Marina is approximately 0.2 miles away, The Village is approximately 0.3 miles away, and Alpine Slide at Magic Mountain is approximately 0.4 miles away. The property is located on Big Bear Boulevard in Big Bear Lake.
Key Highlights
- 18 hotel rooms
- Four‑bedroom cabin, manager’s quarters with attached cabin and kitchen, studio, and four individual cabins
- Three parcels totaling approximately 38,065 sq ft of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,540
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,150,800
$3.2M
Cap Rate 7%
$2,250,571
$2.3M
Cap Rate 9%
$1,750,444
$1.8M
Market Conditions
NOI Build-Up for 25,126 SF
Gross rent
$376.9K $15.00/SF
− Vacancy
−$45.2K −$1.80/SF
EGI
$331.7K $13.20/SF
− OpEx
−$174.1K −$6.93/SF
NOI
$157.5K $6.27/SF
Area
San Bernardino County, CA
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,150,800
Cap Rate 7%
$2,250,571
Cap Rate 9%
$1,750,444
Alternative Uses
Best Use
Hotel Hospitality
$2.25M
$1.97M – $2.63M
NOI $157,540 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.30M
$4.64M – $6.18M
NOI $370,997 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
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Business Placement
Demographics for 92315, CA
5,148
Population
9,861
Households
0.5
Avg Household Size
51
Median Age
34%
College-Educated
92%
High-School Grad
29.4 sq mi
ZIP Area
175
Density / Sq Mi
$79,293
Median Household Income
$43,778
Median Earnings
$1,278
Median Rent
$538,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Lodging inventory includes hotel rooms, cabins, a studio, and manager’s quarters.
Where is this hotel located?
The property is located at 40504 Big Bear Blvd Big Bear Lake, CA.
What is the asking price?
The asking price for this property is $4,099,000.
What are key features of this property?
This property features: 18 hotel rooms; Four‑bedroom cabin, manager’s quarters with attached cabin and kitchen, studio, and four individual cabins; Three parcels totaling approximately 38,065 sq ft of land
