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Property profile & analytics
OFF-MARKET
Residential income homes

449 Georgia St Big Bear Lake, CA 92315

0.38 ac lot Built 1924
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Residential income homes
Year built 1924
Lot 0.38 ac (16,553 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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