
Big Bear Lake, California 92315
This property represents a High-Potential Investment Opportunity, listed at a List Price of $830,000—positioned well below the $829,857 Fair Market Value by approximately 0%. Featuring three separate homes on a single R3-zoned lot, this asset offers significant versatility for short-term or long-term rentals. With a Fair Condition Rating, the property provides a stable foundation for value-add improvements. The inclusion of an adjacent land lot and breathtaking lake and park views makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-unit income-generating compound.
Property is moderate renovation needed.
The property consists of multiple units built in 1948 and 1993. While the homes are well-maintained and move-in ready, the interior finishes—including tile countertops, older white appliances, and carpet—reflect their original construction periods without evidence of recent major renovations. It meets the 'fair' criteria as an aged property maintained through regular upkeep but showing signs of being outdated.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7936, other record living area = 848.
Price adjustment for sellers including an adjacent land lot located on 351 Jeffries Rd., BBL, CA 92315, with this sale (aka Lot 2, or APN 0309-047-05-0000). Hurry, and come see this beautiful, spacious, property with three separate homes on it before it's gone! Imagine owning all 3 unique homes on one (R3) lot or parcel. The homes can be owner-occupied, separate guest quarters, or generational suites while the other units can be either rented out on a short or long-term basis, or even both (ask me about short-term rentals if you want to know) since each of the three units have separate entrances, kitchens, furniture, washer and dryer sets as well as separate utility meters for your household and guests. Distinctively luxurious with an SFR built in 1948 in the front and a split-level, custom home in the back - built in 1993, which has never been sold or on the market yet until now. With each home offering spacious floorplans and breathtaking views of the lake, park, and baseball fields! Utilities such as water, electricity, and sewer services are available through the City of Big Bear Lake. The condition of the property is "As Is". Please have your agent contact the Listing Agent to make an appointment to tour the property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 4,000 | 1,503.603 |
| Lot Size | 11,648 | 7,837.809 |
| Price | $830.0K | $634.9K |
| Price per sq ft | $208 | $399 |
| Built year | 1948 | 1981 |
| HOA | $0 | $2.9K |
| Days on market | 292 | 68 |
Jul 15, 2026
$830,000
$789,000
+5% Price Increase
Initial Listing
Jul 4, 2026
$789,000
$799,000
-1% Price Drop
Initial Listing
Jun 25, 2026
$799,000
$874,899
-9% Price Drop
Initial Listing
Jun 5, 2026
$874,899
$899,000
-3% Price Drop
Initial Listing
May 19, 2026
$899,000
$949,999
-5% Price Drop
Initial Listing
Mar 24, 2026
$949,999
$999,999
-5% Price Drop
Initial Listing
Feb 20, 2026
$999,999
$1,025,000
-2% Price Drop
Initial Listing
Nov 21, 2025
$1,025,000
Initial Listing