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758 Elm Street, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 3 bath

758 Elm Street, Big Bear Lake, California 92315 home-pic-0
ACTIVE$550,000
758 Elm Street, Big Bear Lake, California 92315
4Beds
3Baths
1,846Sqft
7,600Lot

Price Vs. Estimate

The estimated value ($550,000) is $0 (0%) lower than the list price ($550,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Income Potential: The detached guest house with its own bedroom, bath, and kitchenette, along with a converted garage, offers exceptional opportunities for short-term rental income or multi-generational living.
Top Cons:
Advanced Age of Construction: Built in 1943, the property's age suggests potential for older infrastructure and systems, which may require future maintenance or upgrades.

Compared to the nearby listings

Price:$550.0K vs avg $637.5K ($-87,450)37%
Size:1,846 sqft vs avg 1,738 sqft57%
Price/sqft:$298 vs avg $3957%

More Insights

Built in 1943 (82 years old).
Condition: Despite being built in 1943, this property has undergone significant and tasteful renovations, making it move-in ready. The description highlights an upgraded kitchen with granite and newer appliances, and the images confirm a modern aesthetic with new-looking laminate/LVP flooring, fresh paint, and updated light fixtures throughout the main living areas and loft. The detached guest house features a very clean and modern kitchenette with white shaker cabinets, a light countertop, and contemporary open shelving. A modern mini-split AC unit is visible, indicating updated climate control. While the visible components are in excellent condition and meet current quality standards, the original build year of 1943 suggests that not all major systems (e.g., plumbing, electrical beyond visible devices) may have been fully replaced within the last 5 years, aligning it more closely with an extensive renovation within the 5-15 year timeframe rather than a brand-new construction or full gut renovation.
Year Built
1943
Close
-
List price
$550K
Original List price
$650K
Price/Sqft
$298
HOA
-
Days on market
-
Sold On
-
MLS number
IG25095288
Home ConditionGood
Features
Good View: Neighborhood, Trees/Woods
Deck
ViewNeighborhood, Trees/Woods

About this home

This one’s got that Big Bear charm that’s hard to find—and even harder to replicate. 758 Elm is a unique setup in Lower Moonridge, sitting on a wide, private lot. Ample parking for even an RV! You’re just minutes to Bear Mountain, the golf course, the new zoo, and everything else that makes this part of town a rental hot spot. Inside the main house, you’ve got 3 beds and 2 bath, including a large loft that works great as a flex space—office, bedroom, or second lounge. The living room has a classic rock fireplace, and the kitchen’s been upgraded with granite and newer appliances. It’s clean, functional, and feels like a true mountain getaway. What really sets this one apart? The detached guest house. It’s got its own bedroom, bath, and kitchenette—perfect for maximizing short-term rental income, hosting friends and family, or creating a private workspace. The converted garage adds even more flexibility—use it as a game room, bunkhouse, or secure storage between guest stays. Whether you're looking for a high-performing STR or a second home with serious upside, this property delivers. The charm won’t be beat, and there’s nothing cookie-cutter about it.

Nearby schools

2/10
Big Bear Elementary School
Public,•K-6•1.9mi
4/10
Baldwin Lane Elementary School
Public,•K-6•2.6mi
3/10
Big Bear Middle School
Public,•7-8•1.6mi
6/10
Big Bear High School
Public,•9-12•2.9mi
Condition Rating
Good
Despite being built in 1943, this property has undergone significant and tasteful renovations, making it move-in ready. The description highlights an upgraded kitchen with granite and newer appliances, and the images confirm a modern aesthetic with new-looking laminate/LVP flooring, fresh paint, and updated light fixtures throughout the main living areas and loft. The detached guest house features a very clean and modern kitchenette with white shaker cabinets, a light countertop, and contemporary open shelving. A modern mini-split AC unit is visible, indicating updated climate control. While the visible components are in excellent condition and meet current quality standards, the original build year of 1943 suggests that not all major systems (e.g., plumbing, electrical beyond visible devices) may have been fully replaced within the last 5 years, aligning it more closely with an extensive renovation within the 5-15 year timeframe rather than a brand-new construction or full gut renovation.
Pros & Cons

Pros

High Income Potential: The detached guest house with its own bedroom, bath, and kitchenette, along with a converted garage, offers exceptional opportunities for short-term rental income or multi-generational living.
Prime Tourist Location: Strategically located in Lower Moonridge, minutes from major attractions like Bear Mountain, the golf course, and the zoo, making it a highly desirable 'rental hot spot'.
Unique Charm & Flexible Layout: Boasts a rare 'Big Bear charm' with a classic rock fireplace, a large flexible loft, and a converted garage, providing versatile living and entertainment spaces.
Upgraded Kitchen & Ample Parking: Features an upgraded kitchen with granite and newer appliances, complemented by ample parking, including space for an RV, enhancing functionality and convenience.
Private & Spacious Lot: Situated on a wide, private 7600 sqft lot, offering a desirable sense of seclusion and outdoor space in a popular mountain community.

Cons

Advanced Age of Construction: Built in 1943, the property's age suggests potential for older infrastructure and systems, which may require future maintenance or upgrades.
Significant Price Reductions: Multiple price drops from the original list price of $649,998 to $550,000 indicate potential initial overvaluation or challenges in market appeal at higher price points.
Modest Views & Mixed School Performance: The property offers 'Neighborhood, Trees/Woods' views rather than more sought-after panoramic vistas. Additionally, some local school ratings are relatively low, which could be a consideration for certain buyers.

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