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908 Pine Knot Ave

BIG BEAR LAKE, CA 92315
  • $1,999,000
  • STATUS: Active
  • ON SITE: 133 Days
  • MLS #: 24-387529
UPDATED: 38 min ago
$1,999,000
  • 15
    BEDS
  • 2.01
    ACRES
  • 11
    BATHS
  • 0
    1/2 BATHS
  • 5,036
    SQFT
  • $397
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

Description

These cabins generated $955,000 in bookings since Aug 2020 with virtually no advertising. Imagine what you could do if you tried. A rare & exceptional opportunity in the heart of Big Bear Lake just THREE BLOCKS from the Village with a priceless hotel/motel license. The lot encompasses just over two acres of land on two R3 zoned parcels in a prime location. This property offers a serene and quiet setting, providing guests w/the perfect retreat to relax & immerse themselves in the natural beauty of the area. Nestled amidst wooded surroundings on a tranquil street, unlike most other hotels in the area which are on busy streets. With the potential for development, including the addition of more units, this property presents an exciting opportunity for growth. While current approvals are not in place, the development potential offers a promising prospect for expansion and enhancement. With the potential for development, including the addition of more units, this property presents an exciting opportunity for growth. While current approvals are not in place, the development potential offers a promising prospect for expansion and enhancement. Currently fully operational, this property is an ideal opportunity for an owner-operator, boutique hotel, corporate retreat, or full-time rentals. The exceptional unit mix, coupled with the ample open space and frontage on Pine Knot Avenue, Cameron Court, and Cameron Drive, presents an attractive canvas for growth and diversification.With its unbeatable location and exceptional potential, this property is a rare find in Big Bear Lake. Don't miss the chance to own this remarkable investment that offers a perfect blend of tranquility, development potential, and prime positioning. Explore the endless possibilities that await with this extraordinary property. This property is currently operating with a hotel/motel license, offering the flexibility to add additional retail operations, making it an ideal investment opportunity. With eight vacation rental keys, an office featuring a reception area, and an onsite laundry facilities equipped with multiple machines. Two cabins set up as 1 bedroom, 1 bath. Five cabins set up as 2 bedroom, 1 bath. One cabins is a 2-story Gambrel style with 2 bedrooms and 2 baths. One cabin is set as an office and reception area with laundy room at the rear of the lower level and the manager's apartment above with 1 bedroom, 1 bath. Additionally, the property benefits from the presence of an exceptional full-time manager, ensuring that operations run smoothly and guests receive top-notch service throughout their stay. Financial details are available upon request with a signed NDA. Don't miss the chance to explore the endless possibilities presented by this remarkable collection of cabins in the heart of Big Bear Lake.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-09-12T23:42:57.677. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.kwcoachellavalley.com/homes/150160530
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908 Pine Knot Ave BIG BEAR LAKE, CA 92315

  • Price: $1,999,000
  • Status: Active
  • On Site: 133 Days
  • Updated: 38 min ago
  • MLS #: 24-387529
15
Beds
11
Baths
0
½ Baths
2.01
Acres
5,036
SQFT
$397
$/SQFT
1979
Built
Neighborhood:
Big Bear Area
County:
San Bernardino
Area:
Big Bear Area
Property Description
These cabins generated $955,000 in bookings since Aug 2020 with virtually no advertising. Imagine what you could do if you tried. A rare & exceptional opportunity in the heart of Big Bear Lake just THREE BLOCKS from the Village with a priceless hotel/motel license. The lot encompasses just over two acres of land on two R3 zoned parcels in a prime location. This property offers a serene and quiet setting, providing guests w/the perfect retreat to relax & immerse themselves in the natural beauty of the area. Nestled amidst wooded surroundings on a tranquil street, unlike most other hotels in the area which are on busy streets. With the potential for development, including the addition of more units, this property presents an exciting opportunity for growth. While current approvals are not in place, the development potential offers a promising prospect for expansion and enhancement. With the potential for development, including the addition of more units, this property presents an exciting opportunity for growth. While current approvals are not in place, the development potential offers a promising prospect for expansion and enhancement. Currently fully operational, this property is an ideal opportunity for an owner-operator, boutique hotel, corporate retreat, or full-time rentals. The exceptional unit mix, coupled with the ample open space and frontage on Pine Knot Avenue, Cameron Court, and Cameron Drive, presents an attractive canvas for growth and diversification.With its unbeatable location and exceptional potential, this property is a rare find in Big Bear Lake. Don't miss the chance to own this remarkable investment that offers a perfect blend of tranquility, development potential, and prime positioning. Explore the endless possibilities that await with this extraordinary property. This property is currently operating with a hotel/motel license, offering the flexibility to add additional retail operations, making it an ideal investment opportunity. With eight vacation rental keys, an office featuring a reception area, and an onsite laundry facilities equipped with multiple machines. Two cabins set up as 1 bedroom, 1 bath. Five cabins set up as 2 bedroom, 1 bath. One cabins is a 2-story Gambrel style with 2 bedrooms and 2 baths. One cabin is set as an office and reception area with laundy room at the rear of the lower level and the manager's apartment above with 1 bedroom, 1 bath. Additionally, the property benefits from the presence of an exceptional full-time manager, ensuring that operations run smoothly and guests receive top-notch service throughout their stay. Financial details are available upon request with a signed NDA. Don't miss the chance to explore the endless possibilities presented by this remarkable collection of cabins in the heart of Big Bear Lake.
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Cross Streets Village Drive Entry Location Ground Level - no steps Exterior Construction Wood Siding Garage Structures Total 0 Levels Multi/Split Lot Description 2-4 Lots Lot Size Area 87745 Other Structures Accessory BldgsBarn/StableShed(s) Parking Garage Circular DrivewayParking for GuestsParking for Guests - OnsiteParking SpaceUncovered Patio Features Porch - FrontPorch - RearOther - See RemarksCovered Porch Pool Description Room For Pool YN No Roof Asphalt Spa Bath Tub Spa YN Yes Style Cabin Tennis Court Room For Tennis YN No Total Parking 16 View Description Creek/StreamGreen BeltTree TopTrees/WoodsLakeMountains View YN Yes Water Frontage None

Interior Features

Bathroom Features Shower Over TubShower StallTub With Jets Common Walls Detached/No Common Walls Cooking Appliances Cooktop - ElectricGas/Electric RangeMicrowave Cooling Wall/Window Den No Dining Room No Equipment Ceiling FanDryerMicrowaveGas Dryer HookupRange/OvenRefrigeratorStackable W/D HookupWasher Family Room No Fireplace Rooms Wood BurningFire Pit Flooring LaminateTileCarpet Foundation Details Pillar/Post/PierSlab Heating FireplaceHot Water Circulator Interior Features Cathedral-Vaulted Ceilings Laundry RoomLaundry Area Laundry Equipment Own Rooms Barn Water Heater Features Multi-TankGas

Property Features

ADACompliance No Alley YN No Assessed Total Value 413871 Disability Access None Disclosures EasementsOwner Has R.E. LicenseOwner Is Listing AgentProperty ReportAs Is Electric Expense 8676.00 Gross Income 235725 Gross Operating Income 235725 Inclusions Everything on site is negotiable as it's a fully operational short term rental business with a motel license. Insurance Expense 10486.00 Land Lease Type Fee Like Units1 5 Like Units2 1 Like Units3 2 Like Units4 1 Management Expense 33000.00 Net Operating Income 144541.00 Number Of Buildings 9 Number Of Units 9 Owner Pays GasWaterElectricityGardenerOther Rent Control YN No Sale Type Standard Security Features None Sewer In StreetOn Site Source Living Area Appraiser Source Lot Size Area Assessor Source Lot Size Dimensions Other Total Annual Expense 91184 Trash Expense 2415.00 Type Of Units Detached Water District Water Expense 5604.00 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning R-3

Listing provided courtesy of John Seffker DRE#01250360 of Compass: .


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-09-12T23:42:57.677. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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39-575 Washington Street, Suite #105
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