
Lake Arrowhead, California 92352
This Multi-Generational Mountain Home presents a High-Potential Investment Opportunity, listed at $480,000—positioned above the $404,663 Fair Market Value by 18%. While priced as a premium, the property offers significant utility through its separate lower-level entrance, ideal for rental income or extended family. Featuring a Fair Condition Rating and classic mountain charm, the home provides a solid foundation for value-add renovations. Located near Lake Arrowhead Elementary, this versatile asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1415 Golden Rule Lane Subject 3 bd · 2 ba · 1,488 sqft · $272 | $480,000* List Price | 3 | 2 | 1,488 | $272 | - |
A 1341 Calgary Drive Sold 3 bd · 2 ba · 1,204 sqft · $328 · 0.3 mi | $395,000 | 3 | 2 | 1,204 | $328 | 0.3 mi |
B 28935 Banff Sold 3 bd · 2 ba · 1,712 sqft · $227 · 0.3 mi | $389,000 | 3 | 2 | 1,712 | $227 | 0.3 mi |
C 1308 Sequoia Active 4 bd · 2 ba · 1,704 sqft · $357 · 0.1 mi | $609,000 List Price | 4 | 2 | 1,704 | $357 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968, this property is well over 50 years old but has received partial updates, placing it in the 'Fair' category. The kitchen features functional but dated cabinetry and countertops likely from a 15-25 year old renovation. While the water heater appears relatively modern, the HVAC system and utility room show signs of age with exposed insulation and unfinished surfaces. The interior retains original 1960s wood paneling and the exterior driveway shows significant cracking, indicating a need for cosmetic and system updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7150, living area = 1488.
The lower level features a separate entrance, kitchen space, and bathroom, providing a turnkey opportunity for rental income or a private guest suite.
The interior showcases classic cabin aesthetics with vaulted wood ceilings, exposed beams, and a wall of windows that flood the living space with natural light.
Built in 1968, the property may require updates to its original systems and finishes to meet modern energy efficiency and aesthetic standards.
The three-level floor plan necessitates frequent use of stairs, which may be a challenge for buyers seeking accessibility or a more cohesive single-level flow.
Welcome to this beautiful mountain home nestled in the peaceful community of Lake Arrowhead! Full of character and cabin-style charm, this spacious home features impressive wood beams, warm natural finishes, and an inviting mountain atmosphere. The main level offers two bedrooms and a full bathroom, along with a spacious living room showcasing a beautiful wood ceiling and a wall of windows that fills the home with natural light. The open kitchen flows into the living area and provides access to the balcony, where you can relax and take in the gorgeous mountain views. The third level features a large private suite and loft, providing even more space for a home office, additional sleeping area, or retreat. The lower level offers added versatility with its own separate entrance, bathroom, and kitchen space. This area provides excellent potential for extended family, guests, a private living space, or possible rental income. For buyers looking for an investment opportunity, the separate lower-level setup may offer the potential to generate passive income while occupying the rest of the home. Whether you're searching for a full-time residence, mountain getaway, multi-generational home, or property with investment potential, this unique Lake Arrowhead home offers plenty of possibilities. Conveniently located near schools, the lake, mountain recreation, shopping, dining, and everything the Lake Arrowhead lifestyle has to offer. Come experience the woodsy, country atmosphere and make this mountain home your own!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades K-5 • 7.0 mi
Grades K-5 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,488 | 1,979.061 |
| Lot Size | 7,150 | 10,277.399 |
| Price | $480.0K | $643.6K |
| Price per sq ft | $323 | $338 |
| Built year | 1968 | 1978 |
| HOA | $0 | $614 |
| Days on market | 19 | 91 |
Oct 5, 2026
$480,000
Initial Listing
May 6, 2014
$198,000
Public Record
Oct 29, 2009
$180,000
Public Record
Jun 26, 2001
$146,000
Public Record