758 Elm Street, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 3 bath
758 Elm Street
Big Bear Lake, California 92315
Property Price
SUMMARY
Analysis of 758 Elm Street, Big Bear Lake, California 92315 reveals a Fairly Priced Property with a current list price of $550,000 aligned with the estimated $550,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Big Bear Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 758 Elm Street Subject | $550,000* List Price | 4 | 3 | 1,846 | $298 | - |
A 42668 Sonoma Drive Sold | $639,900 | 4 | 4 | 1,822 | $351 | 0.3 mi |
B 381 Santa Clara Boulevard Sold | $680,000 | 5 | 2 | 2,216 | $307 | 0.5 mi |
C 43213 Sand Canyon Road Sold | $449,000 | 3 | 2 | 1,408 | $319 | 1.0 mi |
D 879 Waldstrasse Way Sold | $705,000 | 3 | 2 | 2,004 | $352 | 0.6 mi |
E 42520 Sonoma Dr Active | $399,900 List Price | 4 | 2 | 1,316 | $304 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1943, this property has undergone extensive and recent renovations, particularly in the kitchen and bathrooms. The main kitchen features upgraded granite countertops, newer stainless steel appliances, and modern white cabinetry. All bathrooms appear to be recently updated with contemporary vanities, fixtures, and tiling. The property boasts new-looking wood-look laminate flooring throughout, modern lighting, and mini-split AC units for efficient climate control. The detached guest house also features a modern kitchenette and updated bathroom. While not newly built, the property is move-in ready with a cohesive, updated aesthetic, aligning well with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7600, living area = 1846.
- High Income & Versatility Potential
The detached guest house with its own bedroom, bath, and kitchenette, along with a converted garage, offers significant short-term rental income potential, flexible guest accommodations, or dedicated workspace options.
- Prime Recreational Location
Strategically located in Lower Moonridge, the property is just minutes from key attractions like Bear Mountain, the golf course, and the new zoo, making it highly desirable for vacationers and outdoor enthusiasts.
CONSRISKS & DEFICIENCIES
- Property Age & Potential Maintenance
Built in 1943, the property's age may imply a need for ongoing maintenance or updates to older systems and infrastructure, potentially incurring future costs.
- Recent Price Adjustments
Multiple price reductions from the original list price suggest potential market resistance or an initial overvaluation, which could influence perceived value or future appreciation.
- Varying Local School Performance
For potential full-time residents, the mixed ratings of local schools (some with lower scores) might be a consideration, despite the property's appeal as a vacation destination.
About 758 Elm Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1943
- Lot Size
- 7,600 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Big Bear Lake Unified Schools
Big Bear Elementary School
Grades K-6 • 1.9 mi
Baldwin Lane Elementary School
Grades K-6 • 2.6 mi
Big Bear Middle School
Grades 7-8 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 3.0 | 2.0 | 55% |
| Square foot | 1,846 | 1,733 | 57% |
| Lot Size | 7,600 | 8,167 | 43% |
| Price | $550.0K | $647.0K | 38% |
| Price per sq ft | $298 | $392 | 10% |
| Built year | 1943 | 1977 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 311 | 215 | 80% |
Pricing History
Listed for Sale
Oct 10, 2025
$550,000
$599,998
-8% Price Drop
Initial Listing
Price Change
Sep 13, 2025
$599,998
Initial Listing
Price Change
Apr 30, 2025
$649,998
Initial Listing