908 Pine Knot Avenue
Big Bear, CA, 92315 $ 2,250,000
Baths0.0 Sq 5,036 Monthly Estimate*
$ 15,717
Studio
for $2,250,000. This 5,036 square foot home was built in 1979 on a lot size of 2.01.
Introducing a rare and exceptional opportunity in the heart of Big Bear Lake nine private cabins with a priceless hotel/motel license, encompassing two R3 zoned parcels spanning just over 2 acres of land. Situated in a prime location, this property offers a serene and quiet setting, just three blocks south of The Village, providing guests with the perfect retreat to relax and immerse themselves in the natural beauty of the area.Nestled amidst wooded surroundings on a tranquil street, this property stands out as a unique offering in Big Bear Lake, providing a peaceful and serene atmosphere unlike most other hotels in the area. With the potential for development, including the addition of more units, this property presents an exciting opportunity for growth. While current approvals are not in place, the development potential offers a promising prospect for expansion and enhancement.Currently fully operational, this property is an ideal opportunity for an owner-operator, boutique hotel, corporate retreat, or full-time rentals. The exceptional unit mix, coupled with the ample open space and frontage on Pine Knot Avenue, Cameron Court, and Cameron Drive, presents an attractive canvas for growth and diversification.With its unbeatable location and exceptional potential, this property is a rare find in Big Bear Lake. Don't miss the chance to own this remarkable investment that offers a perfect blend of tranquility, development potential, and prime positioning. Explore the endless possibilities that await with this extraordinary property. This property is currently operating with a hotel/motel license, offering the flexibility to add additional retail operations, making it an ideal investment opportunity. With eight vacation rental keys, an office featuring a reception area, and an onsite laundry facilities equipped with multiple machines. Two cabins set up as 1 bedroom, 1 bath. Five cabins set up as 2 bedroom, 1 bath. One cabins is a 2-story Gambrel style with 2 bedrooms and 2 baths. One cabin is set as an office and reception area with laundy room at the rear of the lower level and the manager's apartment above with 1 bedroom, 1 bath. Additionally, the property benefits from the presence of an exceptional full-time manager, ensuring that operations run smoothly and guests receive top-notch service throughout their stay. Financial details are available upon request with a signed NDA. Don't miss the chance to explore the endless possibilities presented by this remarkable collection of cabins in the heart of Big Bear Lake.
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FeaturesGeneralInterior Features Ceiling Fan(s) Cathedral Ceiling(s)
Heating Fireplace(s)
Cooling Wall/Window Unit(s)
Possession Negotiable Close of Escrow
Zoning R-3
Construction Materials Wood Siding
Year Built 1979
View Creek/Stream Park/Greenbelt Trees/Woods Mountain(s)
Levels Multi/Split
Community Features Lake
Accessibility Other
County San Bernardino
Net Operating Income 144541.0
Insurance Expense 10486.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Big Bear
Buyer Agent Compensation 2.50
Entry Location Ground Level - no steps
View Y/N Yes
Senior Community Y/N No
MLS Area Big Bear Area
Lot Size Square Feet 87745.0
Street Name Pine Knot
Spa Features Bath
Land Lease Y/N No
Electric Expense 8676.0
Current Financing Trust Deed
Trash Expense 2415.0
Water Sewer Expense 5604.0
Additional Parcels Y/N Yes
Standard Status Active
Buyer Agent Compensation Type %
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InteriorFlooring Tile Laminate Carpet
Kitchen Appliances Electric Cooktop None Refrigerator Gas Range Microwave
Fireplace Features Fire Pit
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Street Suffix Avenue
Laundry Features Stackable Washer Included Dryer Included Individual Room
Total Baths 0
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ExteriorParking Features Uncovered Circular Driveway None Guest Parking Space
Water Source Public
Inclusions Everything on site is negotiable as it's a fully operational short term rental business with a motel license.
Lot Size Area 87745.0
Foundation Details Slab Pillar/Post/Pier
Spa Yes
Building Area Total 5036.0
Lot Dimensions 584x150
Lot Size Acres 2.01
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded FeaturesList ByJohn SeffkerListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $15,717
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Big Bear, CA
Average List Price $1,500,000
Percent of Sale Price 33%
About Big Bear, CA 14,187 Population
28% Since 2002
$ 46,973 Median Income
44.61 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/3/2024 | $2,250,000 | | Listed Price |