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439 Jeffries Road, Big Bear Lake, California 92315, Big Bear Lake, 92315 - bed, bath

439 Jeffries Road, Big Bear Lake, California 92315 home-pic-0
ACTIVE$850,000
439 Jeffries Road, Big Bear Lake, California 92315
0Bed
0Bath
1,720Sqft
8,745Lot

Price Vs. Estimate

The estimated value ($700,020.445) is $149,979.555 (17%) lower than the list price ($850,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8745, living area = 1720.
Top Cons:
Property Age and Potential for Older Infrastructure: Built in 1947, the property, particularly the detached SFR, may have aging systems or components that could require significant future capital expenditures.

Compared to the nearby listings

Price:$850.0K vs avg $640.0K (+$210,050)74%
Size:1,720 sqft vs avg 1,724 sqft50%
Price/sqft:$494 vs avg $39679%

More Insights

Built in 1947 (78 years old).
Condition: The property, built in 1947, presents a mixed condition. While the listing states that four studio units have been 'fully rehabbed' with modern flooring, kitchens, bathrooms, and windows, the detached 2-bed, 2-bath single-family residence (SFR) shows significant signs of age. The SFR kitchen, as seen in the images, features dated white tile countertops, worn cabinets, and an older gas range, indicating it has not undergone a recent comprehensive renovation. Other areas of the SFR also show older carpet and basic light fixtures. Although the studio units likely contribute to a better overall condition, the property's age and the visibly outdated elements in the main SFR unit, particularly the kitchen, prevent it from achieving a 'Good' rating. The property is functional and maintained, but the older components show signs of being outdated and would require minor updates or repairs to meet modern standards across all units.
Year Built
1947
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$494
HOA
-
Days on market
-
Sold On
-
MLS number
WS25127357
Home ConditionFair
Features
Good View: Lake, Mountain(s), Neighborhood, Trees/Woods
Deck
ViewLake, Mountain(s), Neighborhood, Trees/Woods

About this home

Charming 5-Unit Investment Opportunity in Prime Big Bear Lake We’re proud to present The Jeffries Apartments, a rare and well-positioned five-unit multifamily investment in the heart of Big Bear Lake, just east of the bustling intersection of Big Bear Blvd and Main Street. Operating at a 5.7% CAP rate, this income-producing property offers both stability and upside in one of Southern California’s top year-round vacation destinations. Built in 1947, the property features one detached 2-bed, 2-bath single-family residence and four fully rehabbed studio units, all situated on a generous 8,745 SF lot. Each studio has been thoughtfully updated with modern flooring, kitchens, bathrooms, and windows, offering turnkey appeal to renters and low maintenance for owners. Additional highlights include six on-site parking spaces, a shared laundry room, and strong rental demand thanks to the area's tourism-driven economy. With Big Bear’s endless outdoor recreation—from skiing and snowboarding in the winter to hiking, fishing, and biking in the summer—this property offers investors a unique opportunity in a high-demand, lifestyle-driven market. Drive by only—please do not disturb tenants.

Condition Rating
Fair
The property, built in 1947, presents a mixed condition. While the listing states that four studio units have been 'fully rehabbed' with modern flooring, kitchens, bathrooms, and windows, the detached 2-bed, 2-bath single-family residence (SFR) shows significant signs of age. The SFR kitchen, as seen in the images, features dated white tile countertops, worn cabinets, and an older gas range, indicating it has not undergone a recent comprehensive renovation. Other areas of the SFR also show older carpet and basic light fixtures. Although the studio units likely contribute to a better overall condition, the property's age and the visibly outdated elements in the main SFR unit, particularly the kitchen, prevent it from achieving a 'Good' rating. The property is functional and maintained, but the older components show signs of being outdated and would require minor updates or repairs to meet modern standards across all units.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8745, living area = 1720.
Income-Generating Multi-Unit Property: The property comprises five units (one 2-bed, 2-bath SFR and four studios), offering diversified rental income streams in a high-demand market.
Prime Tourist Destination Location: Strategically located in Big Bear Lake, a top year-round vacation destination, ensuring strong rental demand driven by tourism and outdoor recreation.
Solid Capitalization Rate: Operating at a 5.7% CAP rate, the property demonstrates a healthy return on investment with stated stability and potential for upside.
Recently Updated Studio Units: Four of the five units have been fully rehabbed with modern flooring, kitchens, bathrooms, and windows, offering turnkey appeal and reduced immediate maintenance.
Tenant-Friendly Amenities & Views: Includes six on-site parking spaces, a shared laundry room, and desirable views (Lake, Mountains, Trees/Woods), enhancing tenant attraction and retention.

Cons

Property Age and Potential for Older Infrastructure: Built in 1947, the property, particularly the detached SFR, may have aging systems or components that could require significant future capital expenditures.
Restricted Property Access for Buyers: The 'drive by only' instruction limits comprehensive pre-purchase inspections and due diligence, potentially obscuring unseen issues or deferred maintenance.
Discrepancy with Estimated Value: The listing price is 15% above the property's estimated value, which may indicate aggressive pricing or require a strong justification for the premium.

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