908 Pine Knot Avenue
Big Bear Lake, CA 92315
$1,700,000
Price
15
Beds
11
Baths
5,036 Sq. Ft.
$338 / Sq. Ft.
5,036
Sq. Ft.
$338
per Sq. Ft.
Listed By Compass
Active Under Contract
Listed By Compass
Active Under Contract
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...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.
Listing Agent
![John Seffker]()
john.seffker@compass.comP: (323)-816-6033
Property Details for 908 Pine Knot Avenue
Water Front
None
ZoningR-3
StyleCabin
Cross StreetsVillage Drive
Accessibility FeaturesNone
Parcel Number0308251080000
Total Units9.0
Living Area5036
LISTING UPDATED: 12/22/2024 08:47 AM
Property Details for 908 Pine Knot Avenue
| Status | Active Under Contract |
|---|---|
| MLS # | 24-387529 |
| Days on Market | 269 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1979 |
| Lot Size | 2.01 AC / 87,745 SF |
| County | San Bernardino County |
Building Information for 908 Pine Knot Avenue
Stories2Residences-Year Built1979Building Size-Lot Size2.01 AC / 87,745 SF
Property Information for 908 Pine Knot Avenue
Community / Development
Community / Development
- Tax Mello Roos: No
- Number Of Units: 9
- Senior Community: No
- Management Company Name: Big Bear Village Cabins
Structure Info
Structure Info
- Year Built Source: Vendor Enhanced
- Number Of Stories: 2
- Number Of Buildings: 9
- Type Of Units: Detached
- View: Yes
- View Description: Creek/Stream, Green Belt, Tree Top, Trees/Woods, Lake, Mountains
- View: Creek/Stream, Park/Greenbelt, Trees/Woods, Lake, Mountain(s)
- Security Features: None
- Water: District
- Sewer: In Street, On Site
- Water Heaters: Yes
- ADA Compliance: No
- Water Heater Features: Multi-Tank, Gas
- Water District: Big Bear
Contract Info
Contract Info
- Probate: No
- Financing: Cash, Cash To New Loan, Exchange Down, Owner May Carry, Private, Other
- Disclosures: Easements, Owner Has R.E. License, Owner Is Listing Agent, Property Report, As Is
- Listing Type: Exclusive Right To Sell
- Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
- Scheduled Actual: Actual
- Gross Operating Income: $235,725
- Net Operating Income: $144,541.00
- Gross Income: $235,725
- Cap Rate: 6.40%
- Gross Rent Multiplier: $9.54
- Actual Annual Gross Rent: $235,725.00
- Actual Gross Annual Income: $235,725
- Actual Rent Total: $235,725.00
- Vacancy Allow Percent: 30.00%
- Owner Pays: Gas, Water, Electricity, Gardener, Other
- Total Annual Expense: 91184
- Water Expense: $5,604.00
- Gas Expense: $7,003
- Electric Expense: $8,676.00
- Trash Expense: $2,415.00
- Other Expense: $24,000.00
- Insurance Expense: $10,486
- Management Expense: $33,000.00
Land / Lot Info
Land / Lot Info
- Land Lease Type: Fee
- Land Lease: No
- Additional Parcel Number: Yes
- Alley: No
- Lot Acreage: 2.01
- Lot Size Square Feet: 87745
- Lot Size Dimensions: 584x150
- Source Lot Size Dimensions: Other
- Lot Description: 2-4 Lots
Parking Details
Parking Details
- Parking Garage: Circular Driveway, Parking for Guests, Parking for Guests - Onsite, Parking Space, Uncovered
- Total Parking: 16
- Covered Parking: 0
- Open Other Spaces Total: 16
- Garage Spaces Total: 0
- Carport Spaces Total: 0
- Parking Features: Circular Driveway, Guest, Parking Space, Uncovered
- Garage Structures Total: 0.0
Interior Features
Interior Features
- Rooms: Barn
- Levels: Multi/Split
- Fireplace Features: Wood Burning, Fire Pit
- Fireplace Rooms: Wood Burning, Fire Pit
- Den: No
- Family Room: 0
- Dining Room: 0
- Cooling: Wall/Window Unit(s)
- Cooling Type: Wall/Window
- Heating: Fireplace(s)
- Heating Type: Fireplace, Hot Water Circulator
- Flooring: Laminate, Tile, Carpet
- Equipment: Ceiling Fan, Dryer, Microwave, Gas Dryer Hookup, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer
- Interior Features: Cathedral-Vaulted Ceilings
- Room Bathroom Features: Shower, Jetted Tub
- Bathroom Features: Shower Over Tub, Shower Stall, Tub With Jets
- Common Walls: Detached/No Common Walls
- Cooking Appliances: Cooktop - Electric, Gas/Electric Range, Microwave
- Laundry: Room, Laundry Area
- Laundry Equipment: Own
- Disability Access: None
- Volt220 Location: Other - See Remarks
Exterior Features
Exterior Features
- Pool: No
- Pool Description: Room For
- Spa: Yes
- Spa: Bath Tub
- Tennis: No
- Tennis Court: Room For
- Roof: Asphalt
- Patio Features: Porch - Front, Porch - Rear, Other - See Remarks, Covered Porch
- Entry Location: Ground Level - no steps
- New Construction: No
- Construction Materials: Wood Siding
- Exterior Construction: Wood Siding
- Foundation Details: Pillar/Post/Pier, Slab
- Other Structures: Accessory Bldgs, Barn/Stable, Shed(s)
Lease Terms
Lease Terms
- Entry Date: 05-02-2024
- Listing Terms: All Inclusive Trust Deed, Exchange Down, Exchange/Trade, Cash, Cash To New Loan, Owner May Carry
- Rent Control: No
Unit Details
Unit 1 Information
- Unit Beds: 2
- Unit Baths: 1
- Unit Furnished: Yes
- Unit Rent: $3,000.00
- Unit Actual Rent: $3,000.00
- Unit Projected Rent: $3,000.00
- Like Units: 5
Unit 2 Information
- Unit Beds: 2
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $3,500.00
- Unit Actual Rent: $3,500.00
- Unit Projected Rent: $3,500.00
- Like Units: 1
Unit 3 Information
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $2,000.00
- Unit Actual Rent: $2,000.00
- Unit Projected Rent: $2,000.00
- Like Units: 2
Unit 4 Information
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,000.00
- Unit Actual Rent: $1,000.00
- Unit Projected Rent: $1,000.00
- Like Units: 1
Unit Details
- Unit Type Type: 2106, 2107, 2108, 2109
- Number of Carpet: 3
- Number of Dishwasher: 0
- Number of Disposal: 0
- Number of Drapes: 9
- Number of Electric Meters: 2
- Number of Gas Meters: 2
- Number Range: 3
- Number Refrigerator: 9
Tax and Assessed Info
Tax and Assessed Info
- Assessed Improvement Value: $289,023.00
- Assessed Improvement Percent: 69.83
- Assessed Land Value: $124,848.00
- Assessed Land Percent: 30.17
- Assessed Total Value: $413,871.00
- Private Transfer Taxes: No
Property History for 908 Pine Knot Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 908 Pine Knot Avenue
Taxable ValueLand$127,345Additions$294,803Total$422,148
Tax Record2024$5,109 ($426 / month)
Home Facts
Total Finished SqFt944 SqFtAbove Grade Finished SqFt944 SqFtStories2Lot Size15,000 SqFtStyleHotel / MotelYear Built1979Year Renovated1980CountySAN BERNARDINOAPN0308-251-08-0000Fireplace TypeHas Fireplace
Schools near 908 Pine Knot Avenue
This home is within Bear Valley Unified School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 8 to 12 |
Rating | School | Distance |
|---|---|---|
Fallsvale Elementary School PublicK to 8 | ||
Big Bear Middle School Public6 to 8 | ||
Big Bear High School Public9 to 12 | ||
Chautauqua High (Continuation) School Public8 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Compass, John Seffker, DRE #01250360
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.