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41307 Park Avenue, Big Bear Lake, California 92315, Big Bear Lake, 92315 - bed, bath

41307 Park Avenue, Big Bear Lake, California 92315 home-pic-0
ACTIVE$1,050,000
41307 Park Avenue, Big Bear Lake, California 92315
0Bed
0Bath
3,972Sqft
11,648Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Triplex: Comprises three distinct dwelling units on a single R3 zoned lot, offering significant rental income potential or flexible multi-generational living arrangements.
Top Cons:
Substantial Price Reduction: A significant price drop from the original $1.4M to $1.05M may signal initial overpricing or a lack of market demand, potentially raising buyer concerns.

Compared to the nearby listings

Price:$1.05M vs avg $775.0K (+$275,000)50%
Size:3,972 sqft vs avg 2,892 sqft50%
Price/sqft:$264 vs avg $27050%

More Insights

Built in 1948 (77 years old).
Condition: This triplex features a mix of construction years (1948 and 1993). While the property appears well-maintained overall, the interior finishes, particularly in the kitchens and bathrooms, reflect a dated aesthetic, likely from renovations around the 1993 construction period or earlier. The kitchens have functional stainless steel appliances but dark cabinetry and older-style countertops. Bathrooms are clean but feature older vanities and tiled shower/tub combos. Flooring is a mix of wood, laminate, and tile, and some light fixtures (e.g., track lighting, dated ceiling fans) are also outdated. The property is aged but maintained, requiring minor cosmetic updates to align with current market trends and buyer preferences.
Year Built
1948
Close
-
List price
$1.05M
Original List price
$1.4M
Price/Sqft
$264
HOA
-
Days on market
-
Sold On
-
MLS number
SW24230197
Home ConditionFair
Features
Good View: Park/Greenbelt, Lake, Trees/Woods
Deck
ViewPark/Greenbelt, Lake, Trees/Woods

About this home

3 unique homes (a triplex) on one (R3) lot. Luxury living at its best! Investor’s Dream with two, never been listed before (custom-built in 1993), split-level homes behind the main SFR built 1948 that also hasn’t been on the market in over 30 years! These individual houses boast spacious floorplans, breathtaking lake & park views, and a scenic forest-scape! All 3 homes are on one lot, but don't miss this opportunity to also purchase the adjoining vacant lots 2 and 3,which can also be bought (with additional amounts for the land) as one large estate for unobstructed views of Big Bear Lake! Utilities are available through the city. The address to the adjacent two parcels for sale are 341 Jeffries Rd., Big Bear Lake, CA 92315, and 351 Jeffries Rd., Big Bear Lake, CA 92315. 0309-031-01-0000 Has a Triplex or (3) dwelling structures with separate entrances on this APN (original SFR built in 1948 and the two-story duplex or commercial condo flat was built in 1993). ***If you'd like to schedule an appointment with your agent or the Listing Agent if you don't have one, the sellers request at least a day's notice in advance. They may be able to have the property ready to view on the weekends from 1 to 4 p.m. but again, please contact the agents listed above with at least 2 hours to a day's notice earlier to schedule accordingly - thank you!***

Condition Rating
Fair
This triplex features a mix of construction years (1948 and 1993). While the property appears well-maintained overall, the interior finishes, particularly in the kitchens and bathrooms, reflect a dated aesthetic, likely from renovations around the 1993 construction period or earlier. The kitchens have functional stainless steel appliances but dark cabinetry and older-style countertops. Bathrooms are clean but feature older vanities and tiled shower/tub combos. Flooring is a mix of wood, laminate, and tile, and some light fixtures (e.g., track lighting, dated ceiling fans) are also outdated. The property is aged but maintained, requiring minor cosmetic updates to align with current market trends and buyer preferences.
Pros & Cons

Pros

Income-Generating Triplex: Comprises three distinct dwelling units on a single R3 zoned lot, offering significant rental income potential or flexible multi-generational living arrangements.
Exceptional Scenic Views: Boasts breathtaking views of Big Bear Lake, surrounding parkland, and a scenic forest-scape, enhancing property value and appeal.
Investment & Expansion Potential: Marketed as an 'Investor's Dream' with the unique opportunity to acquire adjacent vacant lots for creating a larger estate with potentially unobstructed lake views.
Newer Custom-Built Units: Two of the three homes were custom-built in 1993 and are being listed for the first time, suggesting more modern construction and potentially well-maintained condition.
Spacious & Flexible Living: Individual homes feature spacious floorplans, offering comfortable living spaces and versatility for various tenant or owner needs.

Cons

Substantial Price Reduction: A significant price drop from the original $1.4M to $1.05M may signal initial overpricing or a lack of market demand, potentially raising buyer concerns.
Age Disparity & Maintenance Concerns: The oldest unit dates back to 1948, which could imply older infrastructure, potential deferred maintenance, and a need for updates compared to the newer 1993 units.
Limited Showing Access: Restricted showing availability, requiring advance notice and specific weekend hours, could deter potential buyers and prolong market time.

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