33064 Arrowbear, Running Springs, California 92382, Running Springs, 92382 - 1 bed, 1 bath
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Running Springs, California 92382
This Turnkey Short-Term Rental Asset is listed at $274,900, representing a strategic acquisition near its $244,670 Fair Market Value. The property features a Mint Condition Rating following a comprehensive renovation and includes a private spa, mountain views, and a deck. Most notably, it delivers a Proven Income Stream of $44,000 annually with a transferable permit and sits on three separate lots for future expansion. Located in the Rim of the World district, this is an elite opportunity for Short-Term Rental Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33064 Arrowbear Subject | $274,900* List Price | 1 | 1 | 518 | $472 | - |
A 32871 Cougar Lane Sold | $246,900 | 2 | 1 | 660 | $374 | 0.3 mi |
B 2478 Elko Active | $249,000 List Price | 1 | 1 | 441 | $565 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1970, the property has undergone a comprehensive recent renovation (under 5 years) as evidenced by the modern kitchen with butcher block counters, updated black appliances, and a fully remodeled bathroom with contemporary tile and gold-tone fixtures. The interior features updated flooring and a turnkey 'mountain escape' aesthetic, meeting the criteria for mint condition with no immediate maintenance required.
This property is a turnkey short-term rental generating over $44,000 in annual revenue, featuring a transferable permit and a fully established local maintenance team.
The sale includes three separate lots (27, 28, and 29), providing a generous 6,613 sqft footprint that offers rare privacy and significant potential for future development.
Fully renovated with contemporary finishes and sold fully furnished, the home includes a private spa and mountain views that maximize its appeal in the vacation rental market.
At just 518 square feet with a 1-bedroom, 1-bathroom configuration, the property's small footprint may limit its appeal to full-time residents or larger groups.
Originally built in 1970, the property may require more frequent maintenance and structural oversight typical of older mountain homes, despite its recent cosmetic updates.
INCREDIBLE INVESTMENT OPPORTUNITY – FULLY TURNKEY SHORT-TERM RENTAL. Stop looking for potential and start collecting cash flow. This beautifully renovated mountain escape in Arrowbear, CA, isn’t just a home; it’s a high-performing asset. Currently operating as a successful short-term rental, this property averages over $44,000 in annual revenue, offering an exceptional return in a high-demand vacation market. This property shows proven performance; Consistently net-positive year-over-year with earnings report available in the supplements. A seamless transition for any buyer; Sold fully furnished with all appliances, furniture and spa included. It even has Permit Advantage; Currently holding an active STR permit easily transferable to new owners. Additionally, its modern updates renovated with a contemporary design aesthetic help maximize appeal directly to renters. Step inside to a bright, open layout featuring stylish finishes and functional "cabin charm" that guests love. The private outdoor spa is the ultimate selling point for guests after a day of hiking or skiing. Whether you are looking for a high-performing investment or a personal retreat, this property checks every box. To ensure a seamless transition, the seller can provide a full contact list of their local team, including: A Professional Cleaning Crew, Dedicated Spa/Hot Tub Maintenance, Pest Control Services, Maintenance & Utilities Contacts. In addition, this property includes three lots. The house itself is on lot 29. Lots 27 and 28 makeup the backyard space. Giving the new owner the opportunity and potential to use each lot however they desire. Seller Note: This property is only being offered due to a professional relocation out of state. Don’t miss this rare chance to own a design-forward, income-generating mountain home in the heart of Arrowbear.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 7% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 518 | 1,246 | 2% |
| Lot Size | 6,613 | 7,200 | 41% |
| Price | $274.9K | $355.0K | 16% |
| Price per sq ft | $531 | $284 | 96% |
| Built year | 1970 | 1972 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 211 | 1% |
Apr 6, 2026
$274,900
$279,900
-2% Price Drop
Initial Listing
Mar 27, 2026
$279,900
Initial Listing
Aug 11, 2023
$231,000
Public Record
Mar 18, 2004
$85,000
Public Record