
Big Bear Lake, California 92315
This Income-Generating Multi-Unit Property represents a Strong Value Opportunity, listed at $925,000—positioned slightly above the $881,104 Fair Market Value. Despite the premium, the property features a Condition Rating of 2, reflecting a comprehensive, high-end remodel completed within the last two years. With five fully furnished units, a prime location near the lake and ski resorts, and modern cabin aesthetics, this asset is optimized for immediate rental operations. It is an ideal acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking a turnkey, high-demand tourist asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 560 Edgemoor Road Subject | $925,000* List Price | 0 | 0 | 2,395 | $366 | - |
A 40565 Big Bear Active | $739,000 List Price | 0 | 0 | 2,504 | $295 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1963, the property has undergone a full remodel within the past two years, bringing it to an excellent, virtually new condition. The images confirm state-of-the-art, fully equipped kitchens with modern cabinets, countertops, stylish subway tile backsplashes, and new appliances (including a retro-style Galanz refrigerator). Bathrooms are also fully updated with new tiling, fixtures, and modern flooring. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
The property features five fully furnished units (one 2-bedroom, four 1-bedroom), offering significant rental income potential, ideal for investors or those seeking a multi-family setup in a high-demand tourist area.
Strategically located in the heart of Big Bear Lake, it's just steps from the lake and marinas, a short walk to The Village, and under ten minutes from both ski resorts, ensuring year-round appeal and high demand from visitors.
Fully remodeled within the past two years, the property boasts state-of-the-art, fully equipped kitchens and a modern cabin aesthetic, minimizing immediate maintenance needs and enhancing guest appeal.
Despite a recent remodel, the property was originally built in 1963, meaning the underlying structure and some systems could be over 60 years old, potentially leading to unforeseen maintenance or upgrade needs beyond cosmetic improvements.
Managing five individual units, especially as fully furnished vacation rentals, demands significant time and effort for cleaning, maintenance, guest services, and turnover, which could be a burden for an owner or require substantial management fees.
While described as 'Mixed Use' and ideal for getaways, operating five rental units in a residential area like Big Bear Lake may involve specific zoning, permitting, and short-term rental regulations that require careful investigation and compliance.
Welcome to the Blue Bear Lodge! Fully remodeled within the past two years, this exceptional property offers five fully furnished units. Unit 1 features two bedrooms, one bathroom, a spacious living room with a fireplace, a dining room, and a kitchen. Units 2-5 each include one bedroom, one bathroom, a cozy living room with a fireplace, and a kitchen. Ideally located in the heart of Big Bear Lake, the Blue Bear Lodge is just steps from the lake and marinas, a short walk to The Village, and under ten minutes from both ski resorts. With state-of-the-art, fully equipped kitchens, a modern cabin aesthetic, a newly constructed driveway, an enhanced outdoor area, and a fire pit, this is the ultimate Big Bear getaway, no matter the season!
No exterior & parking available.
No sensitive facilities data found.
May 16, 2026
$925,000
$995,000
-7% Price Drop
Initial Listing
Jan 6, 2025
$995,000
Initial Listing