903 W Rainbow, Big Bear City, California 92314, Big Bear City, 92314 - 1 bed, 2 bath
903 W Rainbow
Big Bear City, California 92314
Property Price
SUMMARY
Analysis of 903 W Rainbow, Big Bear City, California 92314 reveals a property with a current list price of $449,000, which is 19% above the estimated $375,629 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Big Bear City 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 |
|---|---|---|---|---|---|---|
★ 903 W Rainbow Subject | $449,000* List Price | 1 | 2 | 679 | $553 | - |
A 777 W Aeroplane Sold | $317,500 | 2 | 1 | 652 | $487 | 0.2 mi |
B 936 Nana Active | $499,000 List Price | 2 | 1 | 938 | $532 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1947, these two studio cabins have undergone extensive, high-quality renovations within the last 5 years, meeting the criteria for excellent condition. The property features brand-new kitchens with high-end appliances and under-cabinet lighting, fully remodeled bathrooms, luxury vinyl flooring, and modern systems including mini-splits, tankless water heaters, and an EV charger. With new paint, composite decking, and updated fixtures throughout, the property is in turnkey condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Versatility
The property features two separate, fully renovated studio cabins with individual utility meters, offering exceptional potential for rental income, a multi-generational setup, or a private guest retreat.
- Turnkey Modern Upgrades
Both units boast high-end finishes including new kitchens, mini-split systems, tankless water heaters, and an EV charger, ensuring a move-in-ready experience with minimal immediate capital expenditure.
- Premium Outdoor Amenities
Situated on a spacious 5,000 sq. ft. corner lot, the property includes a dry sauna, fire-pit, and horse-shoe pits, significantly enhancing its appeal as a vacation destination or weekend getaway.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5000, other record lot size in square feet = 2500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 679, other record living area = 371.
- Compact Living Dimensions
With both units being studios under 400 square feet, the limited interior space may restrict the pool of potential buyers or long-term tenants seeking more traditional bedroom layouts.
- Historical Structure Limitations
Originally constructed in 1947, the property may possess inherent architectural constraints or aging infrastructure typical of mid-century mountain cabins despite the extensive surface renovations.
About 903 W Rainbow
A rare opportunity to own 2 beautifully renovated studio cabins on a spacious corner lot in the heart of Big Bear City. Each of these cabins are uniquely upgraded to enhance your living space, inside and out, and provide the perfect blend of charm, comfort, and versatility. Both units have new kitchens with high quality appliances and under cabinet lighting, fully remodeled baths, luxury vinyl flooring, built-in storage, mini-splits, tankless water heaters, new paint inside and out, composite decking and new rain gutters. Unit #903 has 375 sq.ft with a customized corner fireplace, new washer/dryer combo unit, new "Dutch" style front door and a new upstairs loft area which is currently used as a sleeping loft (not included in the living sq.ft). Unit 901 has 318 sq.ft with a custom entertainment center and closet, built in electric fireplace, up-and-down window shades, and built-in USB ports. Situated on 2 parcels totalling 5000 sq.ft, the newly landscaped, nicely treed lot is adorned with soft exterior lighting, new picket fencing, landscape rock, fire-pit and horse-shoe pits. There's plenty of room to park 3-4 cars or an RV/boat in either of the 2 separate driveways - one for each unit. Plus, there are 2 large storage sheds, an outdoor dry sauna and an EV Charger outlet. Both studio cabins have their own gas and electric meters, and they both come mostly furnished. Whether you’re looking for an income property, a weekend retreat, or multi-unit living, this property is truly a turnkey, one-of-a-kind property and ready to enjoy or generate income from day one.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 3% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 679 | 1,376 | 6% |
| Lot Size | 5,000 | 7,228 | 33% |
| Price | $449.0K | $428.2K | 53% |
| Price per sq ft | $661 | $337 | 98% |
| Built year | 1947 | 1979 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 220 | 1% |
Pricing History
Listed for Sale
Feb 28, 2026
$449,000
Initial Listing
Sold
Apr 9, 2024
$350,000
Public Record
Sold
Oct 30, 2018
$235,000
Public Record
Sold
Feb 6, 2017
$195,000
Public Record
Sold
May 23, 2001
$78,000
Public Record