449 Georgia StBig Bear Lake, CA 92315

Property Details for 449 Georgia St

Year built

1924

Lot size

0.38 AC

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional five-unit multifamily property in Big Bear Lake, CA, presents a compelling investment opportunity. Located at 449 Georgia St, this 0.38-acre property is conveniently situated near Big Bear Blvd, Big Bear Village, the lake, and major ski resorts (Bear Mountain and Snow Summit, both within 1.3 miles). A Mountain Transit Shuttle stop is just 400 feet away. The property includes five one-story buildings, constructed in 1924 and extensively renovated in 2023. Four units boast recent upgrades, including new paint (interior and exterior), updated plumbing, modern mini-split HVAC systems, improved electrical systems, new handrails, and enhanced exterior lighting. One unit (Cabin #3) has an active short-term rental (STR) license and historically generated approximately $3,500 in monthly income. All furnishings in Cabin #3 convey with the sale. A transferable RTI permit allows for the addition of an exterior door and hot tub to Cabin #3, further increasing rental potential. Unit #5 has unpermitted work and cannot be used as a residential rental

Location Insight

City

Big Bear Lake

County

San Bernardino

State

California

Latitude

34.2444

Longitude

-116.9

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