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.
NP22049599
Single Family, 2 Story
3
San Bernardino
2 Full
1956
0.1334
Acres
Public
2
Public Sewer
1,850
Sq. Ft.
Yes
- 1
space
School Information
Bear Valley Unified
Bathrooms
2
Total:2
Detailed Room Information
- Bedroom(s)
- Main Level: 1, Total: 3
- Laundry
- Electric Dryer Hookup,Gas Dryer Hookup
- Kitchen
- Galley Kitchen
Interior Features
- Appliances
- Gas Cooktop,Gas Oven,Gas Range,Microwave,Dryer
- Cooling
- None
- Heating
- Gas Heat. .
- Common Walls
- No Common Walls
- Fireplaces
- Living Room.
- Additional Interior Features
- Galley Kitchen
Exterior / Lot Features
- Parking
- 1 Garage Spaces. 1 Parking Spaces. 0 Covered Parking Spaces.
- Pool Description
- None
- Lot View
- City
- Additional Exterior/Lot Features
- 0-1 Unit/Acre.
Financial Considerations
0308182010000
Cash, Conventional, Owner May Carry
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