$585,000
SOLD SEP 11, 2020

449 Georgia St Big Bear Lake, CA 92315

6 Beds
5 Baths
1,970 Sq Ft
0.38 Acres

Recently Sold

$297 Per Sq Ft

4% Above List Price

4 Days on Market

Highlights

  • Access To Lake
  • Fishing
  • Community Lake
  • Big Bear High School Rated A-
  • 0.38 Acre Lot
  • 4-minute walk to Ski Beach Park

About This Home

As of September 2020

5 units in the city of Big bear. Walking distant to Big Bear lake and couple minutes drive to Snow Summit. 4 of the 5 units is fully remodel and 5th units can be a 2 bed and need some work. This is great income property with upside potential after the 5th units is fixed up. Property is centrally located close to everything. Property is in Multiple family 5-14 units zone. There are more room to build additional units. Please verify with City of Big bear for full potential. The units are fill out year round. Water sports, Biking, Hiking and Skiing all just around the corner. Come enjoy Big Bear, where great memory will last a life time

Last Agent to Sell the Property

Edwin Wen

RE/MAX 2000 REALTY License #01885711 Listed on: 08/20/2020

RE/MAX 2000 REALTY

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 0.38 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Value in Land

Interior Spaces

  • 1,970 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Kitchen

  • <<convectionOvenToken>>
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • Oversized Parking
  • Parking Available
  • Driveway
  • Unpaved Parking
  • On-Site Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Not Available

Additional Features

  • Accessible Parking
  • Access To Lake

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 10 / B
  • Tax Tract Number 17001
  • Assessor Parcel Number 0309034360000

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units
  • Community Lake
  • Near a National Forest
  • Mountainous Community

Recreation

  • Fishing
  • Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 1 Separate Electric Meter
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,724
  • Professional Management Expense $3,570
  • Trash Expense $768
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,800
  • Operating Expense $15,262
  • Gross Income $49,200
  • Net Operating Income $33,938

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.10
  • Other Phone Description: 9095398561
  • Professional Management Expense: 3570.00
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 0309034360000
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 296.95
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Unpaved, On Site, Oversized

Utilities

  • Utilities: Cable Not Available, Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Convection Oven, Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 768.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Blm/National Forest, Fishing, Hiking, Lake, Horse Trails, Park, Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Value In Land
  • Lot Size Sq Ft: 16390.00
  • Lot Size Acres: 0.3763

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 49200.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 1724.00
  • Lot Size Area: 16390.0000 Square Feet
  • Net Operating Income: 33938.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 15262.00
  • Rent Control: No
  • Total Expenses: 15262.00
  • Waterfront Features: Lake

Tax Info

  • New Taxes Expense: 6800.00
  • Tax Block: B
  • Tax Census Tract: 112.05
  • Tax Lot: 10
  • Tax Tract Number: 17001

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 For Sale $947,000 +61.9% $290 / Sq Ft
09/11/2020 09/11/20 Sold $585,000 0.0% $297 / Sq Ft
08/31/2020 08/31/20 Off Market $585,000 -- --
08/29/2020 08/29/20 For Sale $565,000 -3.4% $287 / Sq Ft
08/25/2020 08/25/20 Off Market $585,000 -- --
08/24/2020 08/24/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $565,000 -- $287 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20170154

California Regional Multiple Listing Service (CRMLS)