449 Georgia St Big Bear Lake, CA 92315
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.