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$1,299,900

Beds
Unknown
sq ft
Unknown

401 Knight Ave, Big Bear Lake, CA 92315

401 Knight Ave

Big Bear Lake, CA 92315

  • 147 days on market
    • Price drop $200,000↓
Investment opportunity with an amazing location~5 cabins on one property just one short block to Big Bear Lake, Swim Beach, Ski Beach and Meadow Park ~Walk down and you have the ideal location to watch the 4th of July fireworks show without having to deal with traffic~A short 5 minute drive to the ski slopes~Cabins 1, 2, 4 & 5 were all fully renovated between 2018-2020 with laminate flooring, dual pane windows~Cabin 1 is a full time rental - 1bedroom, 1 bathroom, approx. 565 sq. ft.~Cabin 2 is a full time rental - 2 bedroom, 1 bathroom, approx. 698 sq. ft.~Cabin 3 is currently used for short term vacation renting, 3 bedrooms, 1 bathroom and was completely renovated in 2024 with all new plumbing (complete re-pipe) new bathtub, tile and sink, new wood grain laminate style flooring throughout, fresh interior paint etc. Approx. 1,180 sq. ft.~Cabin 4 is a full time rental - 1 bedroom, 1 bathroom and approx. 850 sq. ft. and has washer/dryer~Cabin 5 was built in the 1950's without permits~1 bedroom, 1 bathroom and recently remodeled with stained concrete floors, wood beams, and laminate flooring, needs kitchenette and the electrical, plumbing and gas to be connected to utility companies to complete the permit process~All tenants are month to month~Property can be transferred vacant if buyer chooses~Each cabin has its own gas and electric~This property offers flexibility for development, including the ability to expand to larger homes or additional units!

Details

Property type

Mixed Use

Est. home value

$672,773

Property condition

Updated/Remodeled

Lot size

0.4628 acres

Price per sq ft

Unknown

Year built

1947

HOA

No

Price History

08/14/2024
CRMLS

CRMLS #EV24147429

Price change
$1,299,900
-13.33%
07/31/2024
CRMLS

CRMLS #EV24147429

Listed
$1,499,900
-9.1%
07/19/2024
CRMLS

CRMLS #OC23181970

Removed
$1,649,967

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Golf, Lake, Park

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Tacy A Hunter Living Trust

Loan start date

November 2022

Original loan amount

$1,765,000

Est. remaining balance

Not provided

Interest rate

6.02%

Loan type

Not Provided

Seller

Irene D Olsen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/25/2024 at 11:15 AM

Listing updated: 12/04/2024 at 6:11 PM

Listed by: WILL RAHILL, KELLER WILLIAMS BIG BEAR Phone #: (909) 866-4949

MLS: CRMLS #EV24147429

CRMLS logo

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