27376 Alpen, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 2 bath
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27376 Alpen
Lake Arrowhead, California 92352
ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
2Baths
1,784Sq Ft
10,440Lot Size
Property Price
LIST PRICE$460,000
EST. MARKET VALUE
$459,608
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $498,486 Fair Market Value by 0%. While the property is priced at market, its Fair Condition Rating and vintage 1966 infrastructure offer significant upside for forced appreciation through modernization. The 10,440 sq. ft. lot and 4-bedroom layout provide excellent utility for rental demand or long-term holding. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through value-add renovations in a prime mountain location.
Estimated Market Value
$459,608
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27376 Alpen Subject | $460,000* List Price | 4 | 2 | 1,784 | $258 | - |
A 27352 Alpen Drive Sold | $375,000 | 4 | 2 | 1,470 | $255 | 0.1 mi |
B 27300 Bernina Sold | $435,000 | 3 | 2 | 1,422 | $306 | 0.2 mi |
C 27486 Oakwood Sold | $495,000 | 4 | 3 | 1,725 | $287 | 0.8 mi |
D 27495 Cedarwood Sold | $510,000 | 4 | 3 | 1,926 | $265 | 0.9 mi |
E 1268 Aleutian Drive Sold | $470,000 | 4 | 2 | 2,119 | $222 | 0.5 mi |
F 1294 Kodiak Drive Sold | $537,500 | 3 | 3 | 2,222 | $242 | 0.6 mi |
G 1181 Voltaire Sold | $570,000 | 4 | 3 | 2,010 | $284 | 1.0 mi |
H 815 Zurich Drive Active | $476,000 List Price | 3 | 3 | 1,652 | $288 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1966, this property is well-maintained but significantly dated, featuring original wood paneling, older carpeting, and 1980s-style wallpaper and bathroom vanities. While functional and livable, the kitchen, bathrooms, and major systems likely exceed 20-30 years in age and require modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10440, living area = 1784.
- Prime Location & Accessibility
Situated in the desirable Arrowhead Woods with lake rights, the property is located on a county-maintained road near Tavern Bay and Blue Jay, ensuring reliable year-round access and easier snow removal.
- Ample Parking & Lot Size
The generous 10,440 sq. ft. lot provides exceptional parking capacity, including dedicated space for a boat, which is a highly sought-after feature for Lake Arrowhead residents and vacationers.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Vintage Infrastructure
Built in 1966, the property may require significant updates to its mechanical systems, insulation, or cosmetic finishes to meet modern energy efficiency and design standards.
- Modest School Ratings
The assigned elementary schools carry lower performance ratings (3 and 4), which may be a drawback for families prioritizing high-ranking educational districts.
About 27376 Alpen
Discover the charm of mountain living in this spacious 1,784 sq. ft. home, ideally located just moments from the lake, Blue Jay, and Tavern Bay. Situated on a generous 10,440 sq. ft. lot on a county-maintained road, this 4-bedroom home offers the perfect blend of comfort, convenience, and mountain character. Inside, you'll find soaring vaulted wood-beamed ceilings, a warm, inviting interior, and a versatile floor plan designed to accommodate family and guests alike. Two cozy fireplaces create the perfect setting for relaxing after a day on the lake or those chilly evenings, while the loft/game room provides additional space for entertaining or recreation. Outside, the expansive lot offers plenty of parking, including room for a boat, making it easy to enjoy all that Lake Arrowhead has to offer. Whether you're looking for a full-time residence, weekend retreat, or vacation home, this mountain getaway is ideally located near shopping, dining, and year-round outdoor recreation.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 10,440 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 1.7 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 5.8 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 7.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,784 | 2,015.827 |
| Lot Size | 10,440 | 10,163.827 |
| Price | $460.0K | $655.9K |
| Price per sq ft | $258 | $341 |
| Built year | 1966 | 1980 |
| HOA | $0 | $544 |
| Days on market | 49 | 78 |
Pricing History
Listed for Sale
Aug 7, 2026
$460,000
$500,000
-8% Price Drop
Initial Listing
Price Change
Jul 22, 2026
$500,000
Initial Listing
Sold
Sep 5, 2002
$220,000
Public Record
Sold
Nov 27, 2000
$192,500
Public Record
Sold
Jan 28, 1999
$131,000
Public Record
Sold
Jan 29, 1996
$131,000
Public Record