221 E Big Bear, Big Bear City, California 92314, Big Bear City, 92314 - 3 bed, 7 bath
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Big Bear City, California 92314
This Value-Add Multi-Unit Asset represents a rare triplex opportunity in Big Bear City, currently listed at $499,999. Positioned relative to a $351,542 Fair Market Value, the property’s long-term value is anchored by its high-demand location near Snow Summit and Bear Mountain Ski Resort. Featuring a Condition Rating of 4, the 1950s construction offers scenic Mountain Views and an expansive 10,000-square-foot lot, though it requires modernization of its compact units to maximize rental yields. Situated within the Bear Valley Unified district, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage multiple income streams in a premier year-round recreation hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 221 E Big Bear Subject | $499,999* List Price | 3 | 7 | 1,306 | $269 | - |
A 229 E Big Bear Boulevard Sold | $384,900 | 0 | 0 | 1,404 | $274 | 0.0 mi |
B 720 E Big Bear Active | $425,000 List Price | 0 | 0 | 1,500 | $283 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this triplex is aged but appears maintained through regular upkeep. The interiors feature outdated wood paneling, vintage kitchen cabinetry, and older appliances that show signs of significant depreciation. While functional and currently habitable, the property requires modernization of its kitchens, bathrooms, and likely its major systems to meet contemporary standards.
As a rare triplex in Big Bear City, this property offers significant flexibility for owner-occupants to house-hack or for investors to generate multiple streams of rental income.
Ideally situated just minutes from Big Bear Lake, Snow Summit, and Bear Mountain, the location ensures high demand from seasonal tourists and outdoor enthusiasts.
The generous 10,000-square-foot lot paired with scenic mountain views provides a spacious outdoor environment that is highly desirable in a mountain resort community.
Built in 1950, the property may require significant capital expenditures for modernizing systems, improving energy efficiency, or addressing deferred maintenance.
With only 1,306 total square feet divided among three units, the individual living spaces are quite small, which may limit the pool of long-term tenants or affect rental rates.
Rare multi-unit opportunity in the heart of Big Bear City. This 221 E Big Bear Blvd triplex features separate units, offering flexibility for owner-occupants or investors seeking a property with multiple living spaces. Enjoy the convenience of living in one unit while the others are rented, or explore long-term rental possibilities, all subject to local regulations and buyer verification. Located just minutes from Big Bear Lake and popular ski resorts including Snow Summit and Bear Mountain Ski Resort, this property puts residents and renters close to year-round recreation, shopping, and dining. Opportunities like this in Big Bear City are rare, and the property’s versatility makes it an attractive addition to an investment portfolio or a unique mountain living option. Buyer to verify all property information, zoning, permits, and potential rental use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1950 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 9, 2026
$499,999
$550,000
-9% Price Drop
Initial Listing
Mar 11, 2026
$550,000
Initial Listing