
Big Bear Lake, California 92315
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well above the $713,831 Fair Market Value by -25%. Featuring a 5-bedroom, 3-bath layout with an attached studio apartment and a private deck, the home offers significant rental income potential. Given its Condition Rating of 5, the property requires a comprehensive interior renovation to modernize its 1983 finishes. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a value-add strategy to maximize returns in the Big Bear market.
Property is extensive renovation needed.
Built in 1983 (40+ years old) with no recorded renovations. Interior photos show original wood paneling, dated linoleum flooring, and aging appliances, indicating the home needs a full rehab to meet modern standards.
The inclusion of an attached studio apartment provides significant flexibility for multi-generational living or a potential rental opportunity to offset mortgage costs.
With 5 bedrooms and 3 full baths, this property offers ample space for large families or high-occupancy vacation rental use in a popular resort market.
The property features scenic views of the hills, mountains, and surrounding woods, capturing the essential aesthetic of the Big Bear Lake area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7500, other record lot size in square feet = 8800. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Built in 1983, the home may require updates to its interior finishes and mechanical systems to align with contemporary luxury standards and buyer expectations.
The listing description provides minimal detail regarding recent capital improvements or the current condition of the interior, requiring more extensive due diligence from buyers.
Location Location Location!!! This incredible 5 Bedroom 3 Full Bath Home is waiting for your Family. The attached studio apt. gives options for Family Member or Rental Opportunity! Do Not Go On Property Owner Has Dogs
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 2,012 | 1,448 | 69% |
| Lot Size | 7,500 | 7,700 | 45% |
| Price | $899.0K | $580.0K | 78% |
| Price per sq ft | $447 | $396 | 70% |
| Built year | 1983 | 1977 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 212 | 1% |
May 1, 2026
$899,000
Initial Listing
Sep 15, 1999
$235,000
Public Record
Aug 16, 1994
$190,000
Public Record