908 Pine Knot AVE, Big Bear, CA 92315 - MLS#24387529

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$1,700,000

Est. payment - /mo

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15 BD

11 BA

5,036 SqFt

Price Dropped by $299K

908 Pine Knot AVE Big Bear, CA 92315

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Mason Frakes

mason@masonfrakesrealestategroup.com +1(805) 260-4860

UPDATED:

11/28/2024 03:44 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,036 sqft

Price per Sqft $337

MLS Listing ID 24387529

Bedrooms 15

HOA Y/N No

Year Built 1979

Lot Size 2.014 Acres

Property Description

Major Reduction!! 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.

Location

State CA

County San Bernardino

Area 289 - Big Bear Area

Zoning R-3

Rooms

Other Rooms Shed(s)

Interior

Interior Features Ceiling Fan(s), Cathedral Ceiling(s)

Heating Fireplace(s)

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile

Fireplaces Type Wood Burning

Inclusions Everything on site is negotiable as it's a fully operational short term rental business with a motel license.

Fireplace Yes

Appliance Electric Cooktop, Gas Range, Microwave, Refrigerator, Dryer, Washer

Laundry Laundry Room, Stacked

Exterior

Exterior Feature Fire Pit

Parking Features Circular Driveway, Guest, One Space, Uncovered

View Y/N Yes

View Park/Greenbelt, Lake, Mountain(s), Creek/Stream, Trees/Woods

Accessibility None

Porch Rear Porch, Covered, Front Porch, See Remarks

Total Parking Spaces 16

Building

Story 2

Entry Level Multi/Split

Foundation Pillar/Post/Pier, Slab

Sewer Other

Water Public

Level or Stories Multi/Split

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 0308251080000

Acceptable Financing Cash, Owner May Carry, Trust Deed

Listing Terms Cash, Owner May Carry, Trust Deed

Financing Cash,Private

Special Listing Condition Standard

Lease Land No

Listed by John Seffker • Compass

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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Mason Frakes

908 Pine Knot AVE Big Bear, CA 92315

Mason Frakes

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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908 Pine Knot AVE