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801 Cameron Drive

Big Bear Lake, CA 92315
  • $800,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: NP24087673
UPDATED: 120 min ago
$800,000
  • 3
    BEDS
  • 0.13
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,850
    SQFT
  • $432
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1956
County:

School Ratings & Info

School District:
Listing Agent(s): Ralph Liu of InvestorsAlly Realty (888-388-5432)


Description

This property has just completed a major overhaul renovation. It is like a brand new modern style luxury home now, "completely furnished" and ready to rent! The living space has increased from 1,100 sq ft to a total of 1,850 sq ft now. It has a total of 3 bedrooms, 4 beds and 2 bathrooms. The original garage has been transformed into a playroom. A new covered carport has been built. There is also a concrete shower stand, a hot tub on the lower deck and a BBQ grill on the upper deck. The entire house is permitted to sleep 9 people now. The main value of the house is in its golden location. It is within a stone throw from the fancy restaurants and popular bars, saloons, fast food outlets and shops on Village Dr and Pine Knot Avenue, i.e. the very heart of the Big Bear Village. It commands a very high rental rate from various short term rental sites. The arbitrage opportunity is that it needs to accumulate some rental income track records for the newly approved large 9-guest, 3-bedroom capability to obtain a good bank loan and to increase the sales price. It was not able to do that during the renovation construction period and the previous much limited capacity. So a good property manager or somebody who is already familiar with Airbnb rental management can simply increase the property value by putting in some adequate marketing efforts without even having to put in any more renovation investment money or buying furniture after the purchase.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-22T23:29:40.8. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/150106566
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801 Cameron Drive Big Bear Lake, CA 92315

  • Price: $800,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 120 min ago
  • ID#: NP24087673
3
Beds
2
Baths
0
½ Baths
0.13
Acres
1,850
SQFT
$432
$/SQFT
1956
Built
Neighborhood:
289 - Big Bear Area
County:
San Bernardino
Area:
289 - Big Bear Area
School District:
Bear Valley Unified
Property Description
This property has just completed a major overhaul renovation. It is like a brand new modern style luxury home now, "completely furnished" and ready to rent! The living space has increased from 1,100 sq ft to a total of 1,850 sq ft now. It has a total of 3 bedrooms, 4 beds and 2 bathrooms. The original garage has been transformed into a playroom. A new covered carport has been built. There is also a concrete shower stand, a hot tub on the lower deck and a BBQ grill on the upper deck. The entire house is permitted to sleep 9 people now. The main value of the house is in its golden location. It is within a stone throw from the fancy restaurants and popular bars, saloons, fast food outlets and shops on Village Dr and Pine Knot Avenue, i.e. the very heart of the Big Bear Village. It commands a very high rental rate from various short term rental sites. The arbitrage opportunity is that it needs to accumulate some rental income track records for the newly approved large 9-guest, 3-bedroom capability to obtain a good bank loan and to increase the sales price. It was not able to do that during the renovation construction period and the previous much limited capacity. So a good property manager or somebody who is already familiar with Airbnb rental management can simply increase the property value by putting in some adequate marketing efforts without even having to put in any more renovation investment money or buying furniture after the purchase.
Exterior Features

Attached Garage YN No Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No View Lake View YN Yes

Interior Features

Appliances Dryer Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Heating Central Heating YN Yes Main Level Bathrooms 1 Main Level Bedrooms 1

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingHikingLake Garage YN Yes Land Lease YN No Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-22T23:29:40.8. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Ralph Liu of InvestorsAlly Realty (888-388-5432)