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    42268 Moonridge Rd Big Bear Lake, CA 92315

    For Sale
    $1,900,000

    Profitable Big Bear Lake motel, 12 keys, renovated 2022.

    Property size:
    5,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 12-key motel nestled in Big Bear Lake, California. The property, known as Goldmine Lodge, boasts a charming Western theme and is situated on a spacious, nearly one-acre lot (43,560 sq ft) in a tranquil wooded area, yet conveniently located near Big Bear Blvd, Bear Mountain Ski Resort, and the zoo. The 5,936 square foot property features two buildings, each two stories high, and includes a separate, two-bedroom manager's house, offering additional rental income potential. The motel itself offers a mix of rooms with king or queen beds, and family-sized suites with one or two bedrooms, accommodating 20-30 guests. Many units are equipped with kitchenettes featuring microwaves, refrigerators, ranges, and ovens. The property underwent a significant renovation in 2022, transforming it from a dilapidated state to its current condition. Ample parking is available on-site. The property's location offers easy access to restaurants, grocery stores, hospitals, and other amenities. The expansive grounds provide opportunities for corporate events, weddings, or further expansion. This fee-simple ownership presents a rare chance to acquire a well-maintained, profitable hospitality business in a prime Big Bear Lake location. Built in 1965, the property is zoned for motel use (APN: 2328-213-19-0000). The asking price is $1,900,000 ($320.08/sq ft).

    Property Features for 42268 Moonridge Rd

    General Information

    Property type
    Motels
    Square Feet
    5,936 SF

    Building Details

    Year Built/Renovated
    1965/2022
    Buildings
    2
    Stories
    2

    HighLights

    • Absentee‑owned motel with significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Big Bear Lake
    County
    San Bernardino
    State
    California
    Longitude
    -116.8798764
    Latitude
    34.2429775

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    FAQs

    What type of property is this?
    Motel - Profitable Big Bear Lake motel, 12 keys, renovated 2022.
    Where is this motel located?
    The property is located at 42268 Moonridge Rd Big Bear Lake, CA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Absentee-owned motel with significant upside potential.; ;
    Request Owner's contact information
    42268 Moonridge Rd Big Bear Lake, CA 92315
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    Realmo Value Estimation

    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.

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    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.

    Alternative use

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

    More about this property
    42268 Moonridge Rd Big Bear Lake, CA 92315
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