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42651 La Placida Avenue, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath

42651 La Placida Avenue, Big Bear Lake, California 92315 home-pic-0
ACTIVE$565,000
42651 La Placida Avenue, Big Bear Lake, California 92315
3Beds
2Baths
1,113Sqft
7,500Lot

Price Vs. Estimate

The estimated value ($533,191.03) is $31,808.97 (5%) lower than the list price ($565,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential / Multi-Generational Living: The property features two separate homes on one lot, offering significant potential for rental income, guest accommodations, or multi-generational living arrangements.
Top Cons:
Historic Property Age: Built in 1920, the property is over a century old, which may imply the need for significant updates to plumbing, electrical systems, insulation, and general modernization to meet contemporary standards and efficiency.

Compared to the nearby listings

Price:$565.0K vs avg $637.5K ($-72,450)39%
Size:1,113 sqft vs avg 1,714 sqft25%
Price/sqft:$508 vs avg $39683%

More Insights

Built in 1920 (105 years old).
Condition: Despite being built in 1920, this property has undergone significant and tasteful renovations, making it move-in ready. The kitchen features modern dark shaker-style cabinets, stainless steel appliances (range, microwave, refrigerator), updated countertops, and a mosaic tile backsplash, complemented by recessed lighting. The flooring throughout includes updated wood laminate in living areas and large format tile in the kitchen/laundry, all in good condition. The laundry area also shows newer white shaker cabinets and modern front-loading washer/dryer. The exterior of both cabins appears well-maintained with fresh wood siding and decks. While no bathroom images were provided, the visible updates in other key areas suggest a well-cared-for home that has been extensively renovated within the last 10-20 years, ensuring functionality and comfort.
Year Built
1920
Close
-
List price
$565K
Original List price
$625K
Price/Sqft
$508
HOA
-
Days on market
-
Sold On
-
MLS number
IG25026087
Home ConditionGood
Features
Good View: Neighborhood, Trees/Woods
Deck
Spa
ViewNeighborhood, Trees/Woods

About this home

***Lease Option Available*** Lower Moonridge opportunity awaits in beautiful Big Bear Lake! This property features two separate homes on a spacious 7,500 square foot lot, offering endless possibilities for income potential or multi-generational living. Each home is designed for comfort and convenience. The main home features 2 bedrooms and the additional unit has one bedroom, providing ample space for relaxation and daily living. Inside, you’ll find a welcoming living area and a functional kitchen. The second home adds versatility to this property, allowing for rental income, guest accommodations, or a private additional space. Located in the heart of Big Bear Lake, this property is just a stone's throw from the serene forest, local zoo, Bear Mountain Ski Resort, and a nearby golf course, making it a perfect base for adventure and relaxation alike. Wonderful tranquil mountain setting! Whether you're an investor seeking rental income or looking for a property with room for extended family, this dual-home setup is a rare find. Embrace the mountain lifestyle with this exceptional property!

Nearby schools

2/10
Big Bear Elementary School
Public,•K-6•2.1mi
4/10
Baldwin Lane Elementary School
Public,•K-6•2.4mi
3/10
Big Bear Middle School
Public,•7-8•1.8mi
6/10
Big Bear High School
Public,•9-12•2.7mi
Condition Rating
Good
Despite being built in 1920, this property has undergone significant and tasteful renovations, making it move-in ready. The kitchen features modern dark shaker-style cabinets, stainless steel appliances (range, microwave, refrigerator), updated countertops, and a mosaic tile backsplash, complemented by recessed lighting. The flooring throughout includes updated wood laminate in living areas and large format tile in the kitchen/laundry, all in good condition. The laundry area also shows newer white shaker cabinets and modern front-loading washer/dryer. The exterior of both cabins appears well-maintained with fresh wood siding and decks. While no bathroom images were provided, the visible updates in other key areas suggest a well-cared-for home that has been extensively renovated within the last 10-20 years, ensuring functionality and comfort.
Pros & Cons

Pros

Income Potential / Multi-Generational Living: The property features two separate homes on one lot, offering significant potential for rental income, guest accommodations, or multi-generational living arrangements.
Prime Big Bear Lake Location: Situated in 'Lower Moonridge' and the 'heart of Big Bear Lake,' it boasts excellent proximity to the forest, local zoo, Bear Mountain Ski Resort, and a golf course, appealing to outdoor enthusiasts.
Dual-Home Configuration: The unique setup of two distinct homes (2-bedroom main, 1-bedroom additional unit) provides rare versatility and broadens its appeal to various buyer profiles.
Spacious Lot Size: A generous 7,500 square foot lot offers ample outdoor space, privacy, and potential for further landscaping or outdoor amenities.
Flexible Purchase Option: The availability of a 'Lease Option' provides a flexible purchasing pathway, potentially attracting a wider range of buyers who may not qualify for traditional financing immediately.

Cons

Historic Property Age: Built in 1920, the property is over a century old, which may imply the need for significant updates to plumbing, electrical systems, insulation, and general modernization to meet contemporary standards and efficiency.
Recent Price Reductions & Valuation Discrepancy: Multiple price reductions from the original list price and a current list price slightly above the estimated market value ($565,000 vs. $547,743) suggest potential market resistance or initial overpricing.
Lower-Rated Local Schools: Some nearby elementary and middle schools have lower ratings (2-3 out of 10), which could be a deterrent for families prioritizing highly-rated public education.

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