801 Cameron Drive, Big Bear Lake, CA 92315

  • $800,000
801 Cameron Drive, Big Bear Lake, CA 92315
For Sale
801 Cameron Drive, Big Bear Lake, CA 92315
801 Cameron Drive, Big Bear Lake, CA 92315
  • $800,000

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.

Listing Provided By:
InvestorsAlly Realty
(949-371-9139)

  • Address 801 Cameron Drive, Big Bear Lake, CA
  • City Big Bear Lake
  • State/county California
  • Zip/Postal Code 92315
  • Area 289 - Big Bear Area

Details

Updated on May 23, 2024 at 2:58 pm
  • Property ID: NP24087673
  • Price: $800,000
  • Property Size: 1850 sqft
  • Land Area: 5810 sqft
  • Bedrooms: 3
  • Bathrooms: 2
  • Year Built: 1956
  • Property Type: Single Family Home
  • Property Status: For Sale

Additional details

  • Garage Spaces: 1.00
  • Full Bathrooms: 2
  • Original Price: 800000.00
  • Cooling: None
  • Fireplace: 1
  • Fireplace Features: Living Room
  • Heating: Central
  • Sewer: Public Sewer
  • Stories: 2
  • View: Lake
  • Water: Public

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