449 Georgia St Big Bear Lake, CA 92315
- Residential income homes
- 0.38 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 449 Georgia St
- Year built
- 1924
- Lot size
- 0.38 lot acres
- Property type
- Residential income homes
- Property subtype
- Apartment buildings
Description
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Big Bear Lake
- County
- San Bernardino
- State
- California
- Longitude
- -116.9
- Latitude
- 34.2444
