
Big Bear Lake, California 92315
This Duplex Residential Income property is a Strong Value Opportunity, listed at $449,999—positioned well below the $456,816 Fair Market Value by 1.5%. This valuation gap offers $6,817 in Instant Equity. With a Good Condition Rating and recent capital improvements including a 2023 Roof Replacement, this asset provides immediate cash flow via existing month-to-month tenants. Its prime corner lot location ensures high rental demand, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in Big Bear Lake.
Property is move-in ready.
While originally built in 1947, the property has undergone significant recent renovations and system upgrades that place it in the 'Good' category. Key updates include a new roof (2023), a new shared water heater (2024), and a heater for Unit A (2021). Unit B's kitchen was remodeled in 2015, and Unit A features modern flooring and refreshed bathrooms. The property is well-maintained, functional, and move-in ready with modern aesthetics.
Situated on a desirable corner lot in the heart of Big Bear Lake, this property offers exceptional proximity to ski resorts, the lake, and village amenities, ensuring high demand for both long-term and short-term rentals.
The property features significant recent upgrades including a full roof replacement in 2023, a new shared water heater in 2024, and exterior paint in 2019, reducing immediate maintenance costs for the investor.
Both units are currently occupied by long-term tenants on month-to-month leases, providing a turnkey investment with immediate cash flow and the flexibility to renegotiate terms or occupy one unit.
The property is serviced by a single electrical meter for both units, which complicates utility billing and may result in higher owner-paid expenses compared to sub-metered properties.
Originally built in 1947, the property's age may present ongoing maintenance challenges associated with older plumbing and structural components despite recent cosmetic and major system updates.
Fantastic investment opportunity in the heart of Big Bear Lake ~ Situated on a desirable corner lot, this versatile DUPLEX offers income potential and an unbeatable mountain location just minutes from shopping, dining, hiking trails, the lake, ski resorts, and all of Big Bear’s year-round attractions. Whether you’re looking to expand your investment portfolio, live in one unit while generating rental income from the other, or secure a mountain property with long-term upside, this property checks all the boxes ~ Unit A offers approximately 750 sq. ft. with 2 bedrooms and 1 bathroom and has seen numerous updates in recent years, including a heater installed in 2021, updated tile countertops, new disposal, new flooring in the kitchen and laundry room, refreshed bathroom flooring, replaced bathroom subfloor, and newer toilets ~ Unit B features approximately 500 sq. ft. with 1 bedroom and 1 bathroom and includes a remodeled kitchen completed in 2015 with updated counters, cabinets, fan, and tile flooring, along with updated bathroom tile flooring ~. Major property improvements provide added value and peace of mind, including a full roof replacement in 2023, new shared water heater installed in 2024, and exterior paint completed in 2019. Property is serviced by one electrical meter for both units ~ Both units are currently occupied by long-term tenants on a month to month lease while in the process of selling, creating the potential for immediate rental income from day one ~ Buyer to create future lease terms, confirm square footage, permitted uses, and current City of Big Bear Lake short-term rental regulations ~ Rarely does an opportunity come available in such a prime central location with close proximity to Big Bear’s most popular destinations ~ Whether for investment, personal use, or future development of your mountain real estate portfolio, this is an opportunity you won’t want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
| Baths | - | - | 0% |
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| Lot Size | - | - | 0% |
| Price | - | - | 0% |
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| Built year | 1947 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 20, 2026
$449,999
Initial Listing
May 23, 2023
$560,000
Public Record
Mar 26, 2021
$330,000
Public Record
Sep 23, 2013
$125,000
Public Record
Feb 2, 2010
$180,000
Public Record