31861 Hollow Way, Running Springs, California 92382, Running Springs, 92382 - 3 bed, 2 bath
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Running Springs, California 92382
Analysis of 31861 Hollow Way, Running Springs, California 92382 is currently available with a list price of $375,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Running Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1972 (54 years old) with no documented renovations in the last 30-50 years. The kitchen and bathrooms appear original or significantly dated, and the interior shows signs of heavy wear and deferred maintenance. While currently functional as a duplex, the property requires a comprehensive rehab of cosmetic finishes and likely aging systems to meet modern safety and market standards.
As a dual-unit residential income property, this duplex offers a flexible investment strategy, allowing an owner to occupy one unit while generating rental income from the other or leasing both for maximum cash flow.
Ideally situated between Lake Arrowhead and Big Bear and close to downtown Running Springs, the property is perfectly positioned to attract both long-term residents and seasonal vacationers.
Both units feature rare ground-level entries and ample parking, complemented by desirable architectural elements such as vaulted ceilings, a fireplace, and expansive outdoor decking.
The shared basement laundry area may be perceived as a drawback for tenants seeking complete privacy or the convenience of in-unit hookups.
Built in 1972, the property may require near-term capital improvements or modernization to meet contemporary aesthetic standards and ensure the reliability of older systems.
Here is an amazing investment opportunity, located in beautiful Running Springs. Close to downtown shopping & dining. Located between Lake Arrowhead & Big Bear. This is an exceptional duplex featuring a 2-bedroom 1 bath unit, and a 1-bedroom 1 bath unit. Each unit has ground level entry and parking. Larger unit features a fireplace, vaulted ceilings, 2 bedrooms & 1 full bath, all on one level. Also, there are 2 large decks, one deck is accessible from both bedrooms. The smaller unit is also a single level unit, with 1 bedroom & a full bathroom. There is a semi fenced yard and a large storage shed on the property. The basement laundry area is accessible for both units. Central heat and gas water heaters are also in basement. Ample parking for both units in front & back of property. This a perfect place to live in one & rent out the other, or rent both units out for additional income. Don't miss this chance to own this unique duplex.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,434 | 2,160 |
| Lot Size | 4,400 | 6,400 |
| Price | $375.0K | $465.0K |
| Price per sq ft | $262 | $215 |
| Built year | 1972 | 1979 |
| HOA | $0 | $0 |
| Days on market | 13 | 134 |
Jul 9, 2026
$375,000
Initial Listing
Feb 25, 2019
$250,000
Public Record
Oct 19, 2016
$160,000
Public Record
Sep 9, 2010
$122,000
Public Record