877 Tulip Ln Big Bear Lake, CA 92315
- Hospitality properties
- 5,304 SF
Current Use by Public Records
- Hospitality properties
Property Details for 877 Tulip Ln
- Year built
- 1949
- Property size
- 5,304 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 10-unit hospitality property in Big Bear Lake, CA, presents a compelling investment opportunity. Located at 877 Tulip Ln, 92315, this 5,304 square foot lodge sits on a 21,780 square foot lot and boasts a mix of unit types, including seven one-bedroom, one-bathroom units with full kitchens, one studio unit with a hot tub, and one two-bedroom, one-bathroom unit with a full kitchen. Additionally, a non-conforming office unit with a full kitchen and bathroom is included. Two cabins underwent a complete renovation in November 2023, enhancing their appeal and potential rental income. All units feature heating, air conditioning, stoves, and refrigerators, with most including full kitchens. The property's prime location offers easy access to local attractions such as The Village, Big Bear Mountain, Snow Summit, and various restaurants and shops. Built in 1949, this property offers a strong base for an owner/user or value-add/redevelopment strategy. The asking price is $2,300,000, translating to $433.63 per square foot. The property includes 1.89 parking spaces per 1,000 square feet and is suitable for a 1031 exchange. This is an ideal investment for those seeking a stable, long-term hospitality venture in a desirable location. The property comprises two separate Assessor's Parcel Numbers (APNs) and consists of nine short-term rental (STR) units and one office suite.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Big Bear Lake
- County
- San Bernardino
- State
- California
- Longitude
- -116.931
- Latitude
- 34.2367
