
Running Springs, California 92382
This Mixed-Use Mountain Asset is a High-Potential Investment Opportunity, listed at $405,000—positioned well below the $423,700 Fair Market Value by 4%. This valuation gap offers $18,700 in Instant Equity. Featuring a Mint Condition Rating and Mixed-Use Zoning, the property includes a 7,000+ SF adjacent lot and an active short-term rental permit. This versatile layout is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a live/work setup with immediate income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31255 Outer Highway 18 S Subject | $396,000* List Price | 2 | 2 | 1,387 | $292 | - |
A 31120 Mountain Oak Sold | $385,000 | 3 | 3 | 1,867 | $206 | 0.2 mi |
B 30941 Glen Oak Sold | $420,000 | 3 | 2 | 1,725 | $243 | 0.4 mi |
C 30951 Glen Oak Sold | $415,000 | 4 | 2 | 1,949 | $213 | 0.4 mi |
D 31349 Deer Lick Sold | $467,500 | 3 | 2 | 1,886 | $248 | 0.5 mi |
E 1823 Nob Hill Drive Sold | $455,000 | 4 | 3 | 1,860 | $245 | 0.6 mi |
F 31124 All View Drive Sold | $362,000 | 3 | 1 | 1,440 | $251 | 0.2 mi |
G 30906 Live Oak Sold | $355,000 | 2 | 2 | 1,296 | $274 | 0.4 mi |
H 31308 Firwood Sold | $399,000 | 3 | 2 | 1,480 | $270 | 0.2 mi |
I 2595 Sunset Drive Active | $439,000 List Price | 3 | 3 | 1,882 | $233 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1967, the property has been recently restored and features newer flooring, furnace, central AC, and appliances. The interior shows modern kitchen and bath updates, and the systems have been upgraded to meet current standards, making it a mint-condition, move-in ready home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7442, living area = 1809.
The property features rare zoning for both residential and commercial use, offering incredible flexibility for a live/work setup, boutique business, or a full-time mountain retreat.
Currently operating as an active short-term rental with a transferable permit, this property provides immediate revenue potential in a highly visible, recognizable location.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1809, other record living area = 1449. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The prominent Highway 18 frontage provides excellent business visibility but results in significant road noise, which may deter buyers seeking a quiet, secluded mountain environment.
The 1967 A-frame architecture, while iconic, typically features steep staircases and unconventional loft spaces that may present accessibility challenges or limit functional living area for some families.
Set along iconic Highway 18 in Running Springs, this unforgettable 1967 A-frame blends mountain character, income potential, and rare mixed-use flexibility into one standout opportunity. Lovingly restored and full of personality, the property is zoned for both residential and commercial use—opening the door to a wide range of possibilities, from a full-time mountain retreat to a boutique business venture or live/work setup. Newer flooring, furnace, central AC, appliances and more. With incredible highway frontage and undeniable vibes, this is the kind of property locals instantly recognize. The striking three-story design delivers dramatic architecture and a thoughtfully updated interior. Currently operating as an active short-term rental, the home offers immediate income potential with a transferable permit in one of the mountain community's most visible locations. The upper two levels operate as one unit, which boasts a decorative Malm fireplace, level entry main floor bedroom and bath, plus loft space. The flexible ground floor features it's own level entry (in addition to an interior staircase) and half bath with excellent potential for a future ADU, guest quarters, studio or office. Included in the sale is a 7000SF+ adjacent lot, adding even more opportunity, privacy, parking, or future expansion potential. Whether you’re dreaming of opening a design-forward storefront, creative studio, cafe, vacation rental, or simply owning one of the mountain’s most recognizable homes, this property delivers a rare combination of style, visibility, and versatility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,387 | 1,677 |
| Lot Size | 7,442 | 6,600 |
| Price | $396.0K | $385.9K |
| Price per sq ft | $286 | $274 |
| Built year | 1967 | 1973 |
| HOA | $0 | $208 |
| Days on market | 41 | 89 |
Jun 29, 2026
$396,000
$405,000
-2% Price Drop
Initial Listing
Jun 11, 2026
$405,000
Initial Listing
Apr 30, 2021
$280,000
Public Record