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449 Georgia St Big Bear Lake, CA 92315

For Sale
$995,000

Five-unit mountain retreat, renovated.

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional five-unit multifamily property in Big Bear Lake, CA, presents a compelling investment opportunity. Located at 449 Georgia St, this 0.38-acre property is conveniently situated near Big Bear Blvd, Big Bear Village, the lake, and major ski resorts (Bear Mountain and Snow Summit, both within 1.3 miles). A Mountain Transit Shuttle stop is just 400 feet away. The property includes five one-story buildings, constructed in 1924 and extensively renovated in 2023. Four units boast recent upgrades, including new paint (interior and exterior), updated plumbing, modern mini-split HVAC systems, improved electrical systems, new handrails, and enhanced exterior lighting. One unit (Cabin #3) has an active short-term rental (STR) license and historically generated approximately $3,500 in monthly income. All furnishings in Cabin #3 convey with the sale. A transferable RTI permit allows for the addition of an exterior door and hot tub to Cabin #3, further increasing rental potential. Unit #5 has unpermitted work and cannot be used as a residential rental

Property Features for 449 Georgia St

General Information

Property type
Multifamily properties
Class
B
Lot Size
16,553 SF

Building Details

Year Built/Renovated
1924/2023
Buildings
5
Stories
1
Units
5

HighLights

  • Exceptional five‑unit multifamily investment opportunity in Big Bear Lake, CA.
  • Located on a 0.38‑acre lot near Big Bear Blvd, Big Bear Village, the lake, and major ski resorts.
  • Five one‑story buildings, renovated in 2023, with four units featuring recent upgrades (new paint, plumbing, HVAC, electrical, and lighting).
  • One unit (Cabin #3) has an active STR license with approx. $3,500 monthly income and conveys fully furnished.
  • Transferable permit allows for exterior door and hot tub addition to Cabin #3.
  • Unit #5 has unpermitted work and is not currently rentable.
Property Profile Location Intelligence

Current Use by Public Records

Residential income homes

Map

City
Big Bear Lake
County
San Bernardino
State
California
Longitude
-116.900259
Latitude
34.2444109

FAQs

What type of property is this?
Multifamily property - Five-unit mountain retreat, renovated.
Where is this multifamily property located?
The property is located at 449 Georgia St Big Bear Lake, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Exceptional five-unit multifamily investment opportunity in Big Bear Lake, CA.; Located on a 0.38-acre lot near Big Bear Blvd, Big Bear Village, the lake, and major ski resorts.; Five one-story buildings, renovated in 2023, with four units featuring recent upgrades (new paint, plumbing, HVAC, electrical, and lighting).
More about this property
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