33064 Arrowbear, Running Springs, California 92382, Running Springs, 92382 - 1 bed, 1 bath
Loading property details...
Running Springs, California 92382
This property presents a High-Potential Investment Opportunity with a List Price of $264,900—positioned well below the $267,347 Fair Market Value by 0.9%. This turnkey Single Family Residence features a Mint Condition Rating and currently generates over $44,000 in annual revenue. With a transferable STR permit, a private outdoor spa, and a unique three-lot configuration, this asset is optimized for immediate cash flow. It is an ideal acquisition for Buy-and-Hold Investors or passive income seekers looking for a proven, design-forward mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33064 Arrowbear Subject | $264,900* List Price | 1 | 1 | 518 | $516 | - |
A 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.
Although built in 1970, the property has undergone a comprehensive modern renovation with a contemporary design aesthetic. It is in mint, turnkey condition, featuring updated interior finishes, modern tile work, and is currently operating as a high-performing short-term rental with no maintenance required.
Operating as a successful turnkey short-term rental with over $44,000 in annual revenue and a transferable permit, offering immediate cash flow for investors.
The property includes three separate lots, providing an unusually large 6,613 sqft outdoor space with significant potential for future use or development.
Fully renovated with a contemporary design and sold fully furnished with a private spa, this home is perfectly positioned to attract high-end vacation renters.
At just 518 square feet with one bedroom and one bathroom, the small footprint limits the property's appeal to larger families or groups.
While beautifully renovated, the original 1970 structure may require ongoing attention to older infrastructure and insulation common in mountain properties of this era.
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 | 5% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 518 | 1,251 | 2% |
| Lot Size | 6,613 | 7,200 | 41% |
| Price | $264.9K | $360.0K | 10% |
| Price per sq ft | $511 | $293 | 96% |
| Built year | 1970 | 1972 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 211 | 1% |
May 27, 2026
$264,900
Initial Listing
Aug 11, 2023
$231,000
Public Record
Mar 18, 2004
$85,000
Public Record