$1,120,000

449 Georgia Street, Big Bear Lake 92315

5

Beds

5

Baths

1,970

Square feet

16,390

Lot Size

Listing Agent
Joseph Ferraro - RE/MAX BIG BEAR

This property offers an exceptional location near Big Bear Blvd, within walking distance to Big Bear Village and the Lake. Just 1.3 miles from Bear Mountain and Snow Summit Resorts, the Mountain Transit Shuttle is conveniently 400 feet away. In 2001, prior ownership made substantial improvements, including sewer mainline and asphalt replacement. Under the current owner, Cabins 1-4 have been meticulously updated with new paint, mini-split units, plumbing enhancements, and more. Cabin #3, with an active STR license, generates an average monthly income of $3500 and is fully renovated, with furnishings seamlessly transferring to the new owner. Unit #5, previously undergoing unpermitted work, was tagged by the city and cannot be used as a residential rental due to setbacks. However, there's potential for remodeling it into an "accessory building" for other units, such as a laundry facility, game room, storage lockers, or a building manager's office. Current zoning permits adding one more unit to the parcel, ideally in the spacious open area at the rear. This presents a unique opportunity for the new owner to construct their mountain cabin, with flexibility for short-term or long-term rental. In essence, the Georgia Bear Mountain Hideaway, with mature trees and updated cabins, is a prime property offering potential for investors or families seeking a mountain retreat. With income opportunities and expansion potential, this property holds promise for its new owner.

Facts & Features

MLS® # EV23220680
Price $1,120,000
Bedrooms 5
Bathrooms 5.00
Full Baths 5
Square Footage 1,970
Lot Size 16,390
Year Built 1924
Type Residential
Sub-Type Quadruplex
Status Active
# Of Units 5

Community Information

Address 449 Georgia Street
Area 289 - Big Bear Area
City Big Bear Lake
County San Bernardino
Zip Code 92315

Amenities

Utilities Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Parking Asphalt
Garages Asphalt
View Mountain(s), Neighborhood
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Features All Bedrooms Down
Heating Fireplace(s), Zoned
Cooling Wall/Window Unit(s)
Has Basement No
Fireplace Yes
Fireplaces Living Room
# of Stories 1
Stories One

Exterior

Lot Description 2-5 Units/Acre, Back Yard, Street Level
Roof Composition

School Information

District Bear Valley Unified

Additional Information

Date Listed December 2nd, 2023
Days on Market 195
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJoseph Ferraro
OfficeRE/MAX BIG BEAR

Listing Map

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