2726 View Dr Running Springs, CA 92382
Estimated payment $7,373/month
Highlights
- 0.65 Acre Lot
- No HOA
- Mountainous Community
- Wood Flooring
- Laundry Room
- 4-minute walk to Firehouse Playground
About This Home
Located in the San Bernardino Mountains between Lake Arrowhead and Big Bear, this property is licensed and registered as MOTEL in the County of San Bernardino however, operates as multi-family. Units mostly consist of individual 1 bedroom/1 bathroom cabins and are all units are currently rented month-to-month. Originally building in the 1940’s this motel consists of 1 main house with 3 bedroom and 2.5 bathrooms, there is an attached office and 2 attached studio units, plus 5 stand-alone cabins. For additional revenue, there is a coin-op laundry on site. This sits on a large street-to-street property with room for expansion. All units are well maintained with updates and are currently rented and property is professionally managed. Live in the main house and enjoy the revenue from the units to cover your living expenses or operate as a nightly motel. Great Cash Flow - Lots of potential.
Listing Agent
ARROWHEAD PREMIER PROPERTIES Brokerage Phone: 909-336-2800 License #02106052 Listed on: 05/27/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1942
Lot Details
- 0.65 Acre Lot
- Two or More Common Walls
- Gentle Sloping Lot
Home Design
- Property Attached
- Entry on the 1st floor
- Turnkey
- Composition Roof
Interior Spaces
- 5,000 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Gas Range
- Laundry Room
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Parking
- Parking Available
- Driveway
Utilities
- Central Heating
- Wall Furnace
- Natural Gas Connected
- Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 2 / H
- Tax Tract Number 2750
- Assessor Parcel Number 0295174720000
- $1,532 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 8 Units
- Running Springs Subdivision
- Mountainous Community
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $18,107
- Insurance Expense $6,000
- Operating Expense $58,000
- Gross Income $120,000
- Net Operating Income $83,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,546 | $514,863 | $171,622 | $343,241 |
| 2024 | $6,546 | $504,768 | $168,257 | $336,511 |
| 2023 | $6,480 | $494,871 | $164,958 | $329,913 |
| 2022 | $6,232 | $485,168 | $161,724 | $323,444 |
| 2021 | $6,165 | $475,655 | $158,553 | $317,102 |
| 2020 | $6,293 | $470,778 | $156,927 | $313,851 |
| 2019 | $6,013 | $461,547 | $153,850 | $307,697 |
| 2018 | $5,682 | $452,497 | $150,833 | $301,664 |
| 2017 | $0 | $443,624 | $147,875 | $295,749 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/15/2025 01/15/25 | Price Changed | $1,298,000 | -7.2% | $260 / Sq Ft | |
| 12/06/2024 12/06/24 | Price Changed | $1,398,000 | -6.8% | $280 / Sq Ft | |
| 05/27/2024 05/27/24 | For Sale | $1,500,000 | +257.1% | $300 / Sq Ft | |
| 06/24/2014 06/24/14 | Sold | $420,000 | -1.2% | $85 / Sq Ft | View Prior Sale |
| 04/25/2014 04/25/14 | Pending | -- | -- | -- | |
| 09/22/2013 09/22/13 | For Sale | $425,000 | -- | $86 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $420,000 | Stewart Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $179,000 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: EV24106201
APN: 0295-174-72
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Based on information from California Regional Multiple Listing Service, Inc. 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
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