FOR SALE0.46 ACRES
Listed by Irene Olsen, Vylla Home, Inc., (562) 480-9884
401 Knight Ave
Big Bear Lake, CA 92315
40 Beds
25 Baths
3,400 sqft (on 0.46 acres)
- 40 Beds
- 25 Baths
- 3,400 sqft (on 0.46 acres)
40 Beds
25 Baths
3,400 sqft
(on 0.46 acres)
Local Information
© Google
-- mins to
Commute Destination
Description
LOCATION LOCATION LOCATION. This Cap Rate is unheard of. Location is everything in Big Bear Lake to Succeed... One block to the lake, This beautifully remodeled inside & out themed cabins. Residentially zoned, short-term rental Lodge steps from Big Bear Lake. 5 unit Lodge offering a mix of 3 1-bed/1-bath units 1 2-bed/1-bath unit & 1 3-bed/1-bath unit. All units are separate single family detached homes with separate meters and 2 or more parking spaces per each home. One home has a washer/dryer in it. A larger laundry facility to be added to a separate storage area on lot. Based on the location, the units are occupied 98% of the year allowing a new owner the flexibility to develop larger homes & or more homes with an additional Wedding & Retreat business. This property sits on a corner lot, one block to the lake with a flat half acre lot with multiple trees throughout. Location is everything! Three blocks to Big Bear Lake Village, less than a mile to Snow Summit Ski Resort, half block to Big Bear Blvd. Within walking distance to lake, village, multiple restaurants & shops, Ski Beach Park & Dog Park. This makes for an ideal location for All Seasons Short Term or Long Term Rental Business along with A Weddings & Retreats Business if you choose. ***ALL HOMES WILL BE PROVIDED VACANT IF BUYER CHOOSES.*** 2021Gross Income $284,756. Net Income for four cabins is $232,590 with a 11.6% Cap rate. Adding additional Net income with the fifth cabin will be and additional $75,000 in income bringing it to $307,590. with a 15.4% Cap rate. Wedding & Retreat Business will add an additional Net income of $138,000 with a total Net Income for property of $445,590. Pro Forma Cap rate is 22.3%. Great Investment opportunity to own and run three businesses or have as a family compound. All furnishings included less some personal items. No permanent tenants or leases. Perfect for short or long term rentals.
Home Highlights
Parking
No Info
Outdoor
Patio
A/C
Heating only
HOA
None
Price/Sqft
$544
Listed
128 days ago
Home Details for 401 Knight Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 40Number of Bathrooms: 25 |
Appliances & Utilities Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available, Water ConnectedAppliances: Barbecue, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater, Disposal, RangeDisposalLaundry: Common Area,Gas Dryer Hookup,In Kitchen,Stackable,Washer HookupMicrowaveRefrigerator |
Heating & Cooling Heating: Wall FurnaceNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Wall Furnace |
Fireplace & Spa Spa: NoneNo Spa |
Gas & Electric Electric: Electricity - On PropertyHas Electric on Property |
Windows, Doors, Floors & Walls Window: Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Insulated Windows, ScreensDoor: Insulated Doors, Mirrored Closet Door(s), Panel Doors, Sliding DoorsFlooring: Carpet, Laminate, Vinyl, WoodCommon Walls: No Common Walls |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: One, TwoEntry Location: GroundFloors: Carpet, Laminate, Vinyl, Wood |
View Has a ViewView: Mountain(s), Trees/Woods |
Security Security: Smoke Detector(s) |
Exterior Features |
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Exterior Home Features Roof: Flat TilePatio / Porch: PatioFencing: Average Condition, Wood, FencedExterior: Lighting, Rain GuttersFoundation: RaisedNo Private Pool |
Parking & Garage No CarportNo GarageParking: Boat |
Pool Pool: None |
Frontage Waterfront: LakeRoad Frontage: City StreetRoad Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 128 |
Property Information |
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Year Built Year Built: 1947 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: QuadruplexStructure Type: Patio HomeArchitecture: Cottage |
Building Construction Materials: Wood SidingNot a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Condition: Turnkey, Updated/RemodeledParcel Number: 0309044300000 |
Price & Status |
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Price List Price: $1,850,000Price Per Sqft: $544 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Big Bear Lake |
Agent Information |
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Listing Agent Listing ID: OC23181970 |
Building |
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Building Area Building Area: 3400 Square Feet |
Community |
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Community Features: Biking, BLM/National Forest, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Horse Trails, Park, Watersports, Mountainous, Rural, Sidewalks, Storm Drains, Street LightsNot Senior Community |
HOA |
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Association for this Listing: California Regional MLSNo HOAHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 0.46 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: None |
Rental |
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FurnishedNo Rent Control |
Miscellaneous |
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Mls Number: OC23181970Attribution Contact: 714-717-0912 |
Additional Information |
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BikingBLM/National ForestCurbsDog ParkFishingGolfHikingLakeHorse TrailsParkWatersportsMountainousRuralSidewalksStorm DrainsStreet Lights |
Last check for updates: about 13 hours ago
Listing Provided by: Irene Olsen DRE #01938608, (714) 717-0912
Vylla Home, Inc.
Originating MLS: California Regional MLS
Source: CRMLS, MLS#OC23181970
Price History for 401 Knight Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 09/30/2023 | $1,850,000 | Listed For Sale | CRMLS #OC23181970 |
| 02/14/2023 | ListingRemoved | CRMLS #OC22072988 | |
| 12/09/2022 | $2,499,000 | PriceChange | CRMLS #OC22072988 |
| 11/15/2022 | $2,250,000 | Listed For Sale | CRMLS #OC22072988 |
| 09/15/2022 | ListingRemoved | CRMLS #OC22072988 | |
| 08/31/2022 | $2,250,000 | PendingToActive | CRMLS #OC22072988 |
| 08/22/2022 | $2,100,000 | Contingent | CRMLS #OC22072988 |
| 08/06/2022 | $2,100,000 | PriceChange | CRMLS #OC22072988 |
| 07/29/2022 | $2,349,000 | PriceChange | CRMLS #OC22072988 |
| 07/24/2022 | $2,499,000 | PriceChange | CRMLS #OC22072988 |
| 07/09/2022 | $3,499,000 | PriceChange | CRMLS #OC22072988 |
| 04/11/2022 | $3,750,000 | Listed For Sale | CRMLS #OC22072988 |
| 03/14/2019 | $220,000 | Sold | N/A |
| 01/13/2019 | $1,750,000 | Listed For Sale | Agent Provided |
| 04/05/2017 | $400,000 | Sold | Big Bear AOR #2161788 |
| 02/09/2017 | $399,900 | Pending | Agent Provided |
| 02/09/2017 | $399,900 | Listed For Sale | Agent Provided |
| 09/15/2016 | $399,900 | ListingRemoved | Agent Provided |
| 09/09/2016 | $399,900 | Listed For Sale | Agent Provided |
| 04/22/2005 | $430,000 | Sold | N/A |
| 07/26/2004 | $260,000 | Sold | N/A |
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Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | $9,328 |
| Assessment | $458,988 |
Home facts updated by county records
Comparable Sales for 401 Knight Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.45 | Multi-Family Home | $440,000 | 10/24/23 | 3 | 2 | 1,394 | |
1.40 | Multi-Family Home | $750,000 | 02/29/24 | 6 | 6 | 1,368 | |
1.43 | Multi-Family Home | $585,000 | 08/17/23 | 4 | 4 | 1,863 | |
1.54 | Multi-Family Home | $925,000 | 08/01/23 | 8 | 6 | 1,115 | |
1.82 | Multi-Family Home | $547,000 | 06/29/23 | 2 | 2 | 1,008 | |
1.92 | Multi-Family Home | $500,000 | 04/01/24 | 4 | 2 | 2,128 | |
2.89 | Multi-Family Home | $579,000 | 08/09/23 | 6 | 4 | 2,400 | |
4.01 | Multi-Family Home | $770,000 | 06/02/23 | 9 | 6 | 3,036 | |
3.73 | Multi-Family Home | $460,000 | 09/26/23 | 4 | 2 | 1,560 |
What Locals Say about Big Bear Lake
- Leslienafie
- Resident
- 4mo ago
"Generally the people are friendly and the lifestyle includes lots of outdoor activities and fun things to do and places to go. "
- Ginterjordan
- Resident
- 3y ago
"Dogs are normally welcome yes. I feel like I see dogs a lot up here, and usually have a firm place in the community."
- L_garcia_84
- Visitor
- 3y ago
"Very calm and relaxing and lots of stores and restaurants love s the area got another visit and many more times"
- Gerri E.
- Resident
- 4y ago
"ever one is very nice and most dogs are well train and everybody pick up dog poop and most of the dogs have licence so get lost"
- Capricehome
- Resident
- 4y ago
"Lots of dog owners walking around friendly streets I’m near moonridge and happy dog owners but also lots of coyotes "
- Suzanne B.
- Resident
- 4y ago
"Weather to walk in and good streets for their dogs to walk on. Friendly neighbors and all other owners have their pet on a leash to lessen the chance of problems "
- Sqrlbite
- Resident
- 4y ago
"my neighbors and neighborhood are awesome!! close to the village and less than 2 miles from the grocery stores and dollar store. Also close to Bear & Summit mountains for skiing,hiking and all year long activities. Quite and no light pollution so you can see all the beautiful stars!! We get kids occasionally with vaykay weekenders, but all in all its just a great place to live with Bear Lake a block away!!"
- Mates042884
- Resident
- 4y ago
"Lots of open areas, hiking trails and paths to walk your dog. This is a town in the middle of a forest, you must be wary of coyotes."
- Kay H.
- Visitor
- 5y ago
"They are absolutely beautiful views no matter where you are staying on big Bear Lake. Being my first time I have no complaints as the water is beautiful the community is kind and there’s plenty to do, winter or summer. Looking forward to a return trip this winter!"
- Mates042884
- Resident
- 5y ago
"Small 4 season resort town, great people, lots of outdoor recreation, two ski slopes, a lake, hiking, biking and wonderful place to live!"
- Lauraanneramirez16
- Resident
- 5y ago
"everyone is usually too themselves and there aren't a lot of college student too cause problems and usually people r pretty nice towards you and help the best they can with what you need...there havent usually been any problems however getting a decently priced permanent rental is hard without having a huge deposit especially harder too find pet friendly places "
- Susie F.
- Resident
- 6y ago
"i have lived in my home for 3 years. im the only full time resident. but do know several of the other home owners. very nice people in big bear lake"
- Big B. L. L.
- 9y ago
"Big Bear is so beautiful! There is so much to do. Ski/Board, water ski, rock climb, hike, relax and enjoy nature!"
- GREGAWERVEY
- 9y ago
"WALKABLE, BIKEABLE FAMILY FRIENDLY AREA-ON THE LAKE."
- christopherefelix
- 9y ago
"This area is mostly second home and vacation rentals. The village and shopping are less than five miles away, but Mammoth bought the ski and golf course. Rumor has it that golf course a block and a half away may soon become a village of it;s own. With dining, shopping, hotels and bars. The zoo will be moving as soon as they raise enough funds and will be three to four blocks from the entrance! Property values in this area should go up with the new developments."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Irene Olsen, Vylla Home, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
401 Knight Ave, Big Bear Lake, CA 92315 is a 40 bedroom, 25 bathroom, 3,400 sqft multi-family built in 1947. This property is currently available for sale and was listed by CRMLS on Sep 30, 2023. The MLS # for this home is MLS# OC23181970.