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1025 E Big Bear Blvd, Big Bear City, California 92314, Big Bear City, 92314 - bed, bath

1025 E Big Bear Blvd, Big Bear City, California 92314 home-pic-0
ACTIVE$599,000
1025 E Big Bear Blvd, Big Bear City, California 92314
0Bed
0Bath
3,254Sqft
7,193Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Income Potential: This is an income-generating 3-unit property (triplex), offering significant rental revenue opportunities for investors.
Top Cons:
Age and Condition Disparity: The front unit, built in 1960, is significantly older than the 1990 duplex and lacks mention of recent renovations, suggesting potential for higher maintenance or upgrade costs.

Compared to the nearby listings

Price:$599.0K vs avg $491.9K (+$107,050)50%
Size:3,254 sqft vs avg 2,329 sqft50%
Price/sqft:$184 vs avg $22950%

More Insights

Built in 1990 (35 years old).
Condition: The property consists of multiple units, with the main duplex extensively remodeled in 2019, which is 5 years ago. This renovation included newly tiled bathrooms and new kitchen cabinets, aligning with the 'Good' criteria for properties extensively renovated within 5 to 15 years. The visible bathrooms in the images are modern and appear to be in excellent condition. The wood ceilings are a desirable feature. However, some elements like the pink carpet in the living area appear dated, and the condition of the separate front unit (built in 1960 with no mentioned renovations) is unknown and likely older, preventing an 'Excellent' overall rating. The renovated portions are move-in ready with no immediate major renovations required.
Year Built
1990
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$184
HOA
-
Days on market
-
Sold On
-
MLS number
CV25068737
Home ConditionGood
Features
Good View:
Deck
View-

About this home

Presenting a Golden Opportunity to increase your Real Estate portfolio with this income generating 3 unit property. The two structures are comprised of a large 2-storey duplex and a separate front unit that could be 1 bedroom or a studio. The upstairs unit is 3 bedroom, 2 full bath plus a gathering or game room with a brick fireplace and separate laundry /mudroom. Downstairs is 2 bedrooms, 1 bath, with laundry facility. The blue duplex was extensively remodeled in 2019 with newly tiled bathrooms, new kitchen cabinets, and wood ceilings. The front unit was built in 1960. There are multiple options for usage- create your own compound with a multi-generational, multi-family living arrangement, or rent out one or two units. The adjacent 7193 square foot lot is also available for $69,900- and it adds a parklike setting to the property. Convenient, easy access to local markets and schools. Seller is motivated and may carry paper short term to a qualified buyer.

Condition Rating
Good
The property consists of multiple units, with the main duplex extensively remodeled in 2019, which is 5 years ago. This renovation included newly tiled bathrooms and new kitchen cabinets, aligning with the 'Good' criteria for properties extensively renovated within 5 to 15 years. The visible bathrooms in the images are modern and appear to be in excellent condition. The wood ceilings are a desirable feature. However, some elements like the pink carpet in the living area appear dated, and the condition of the separate front unit (built in 1960 with no mentioned renovations) is unknown and likely older, preventing an 'Excellent' overall rating. The renovated portions are move-in ready with no immediate major renovations required.
Pros & Cons

Pros

Strong Income Potential: This is an income-generating 3-unit property (triplex), offering significant rental revenue opportunities for investors.
Flexible Usage Options: The multi-unit configuration provides versatility for multi-generational living, owner-occupancy with rental income, or a full investment property.
Recent Major Renovations: The two-story duplex was extensively remodeled in 2019, including new tiled bathrooms, kitchen cabinets, and wood ceilings, enhancing its appeal and reducing immediate capital expenditure.
Motivated Seller & Financing: The seller is motivated and may offer short-term owner financing to a qualified buyer, presenting a unique and attractive purchasing option.
Expansion/Value-Add Opportunity: An adjacent 7193 sqft lot is available for purchase, offering potential for expansion, increased privacy, or future development.

Cons

Age and Condition Disparity: The front unit, built in 1960, is significantly older than the 1990 duplex and lacks mention of recent renovations, suggesting potential for higher maintenance or upgrade costs.
Increased Management Complexity: Operating a triplex involves managing multiple tenants, leases, and maintenance requests, which can be more demanding than a single-family property.
Additional Cost for Full Lot Potential: Realizing the full 'park-like setting' or expansion potential requires an additional $69,900 investment for the adjacent lot, which is not included in the listed price.

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