1017 Greenway, Big Bear City, California 92314, Big Bear City, - bed, bath

home-pic
ACTIVE$699,000
1017 Greenway, Big Bear City, California 92314
0Bed
0Bath
2,028Sqft
7,500Lot
Year Built
1978
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SW25242502
Home ConditionFair
Features
Deck
View-

About this home

This gem is a rare find in the Big Bear Area! This offering is a triplex consisting of three 2 bedroom 1 bath units. When you look at the exterior of this triplex, it looks exquisitely charming. The beauty here, is that one can buy these units, leave one unit reserved for them, and the other two tenants make your mortgage payment. So you can have a vacation home for your family and friends to go to throughout the year, and it costs you little to nothing!!! The owner has taken great pride of ownership in these units! And they have been maintained and upgraded. Amenities include upgraded kitchens including appliances and cabinetry, new flooring, forced cool and wall heating, and freshly painted inside and out. There are laundry hook ups in each unit! Existing rents are lower than market but month to month and can be brought up to market. Please see rent roll including actual rents, market rents, and a nearby rent comp attached in the Supplements attached above. When you look at the pictures, you can see just how nice the triplex is, inside and out. Also, this complex is on a large lot, and according to the county, one can add two ADU's if they wish. All units have separately metered gas and electric that the tenants sign up and pay for. This is a rare opportunity to have a lovely vacation home, where you can entertain your family and friends at little to no monthly costs. And create precious memories for years to come!!

Price History

Date
Event
Price
10/18/25
Listing
$699,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot2,0281,716
50%
Lot Size7,5006,250
50%
Price$699K$542K
50%
Price per square foot$345$309.5
50%
Built year19789700989
100%
HOA
Days on market1792
50%
Condition Rating
Fair

The property, built in 1978, is well-maintained with recent cosmetic updates such as new flooring and fresh paint throughout. The description mentions 'upgraded kitchens including appliances and cabinetry,' and 'forced cool and wall heating.' While clean and functional, the kitchen features dated wood cabinets and older white appliances, and the bathrooms have basic, dated vanities and fixtures. These elements suggest renovations were done some time ago (likely 15-30 years) or were budget-conscious, rather than recent modern updates. The property is move-in ready but would benefit from minor updates to the kitchen and bathrooms to align with current styles.
Pros & Cons

Pros

Income-Generating Triplex: The property consists of three 2-bedroom, 1-bath units, providing multiple income streams and diversified rental income potential.
Owner-Occupant Investment Opportunity: Offers a unique financial model where an owner can reside in one unit while the income from the other two units helps cover mortgage payments, ideal for a vacation home or primary residence.
Recent Upgrades & Maintenance: Units feature upgraded kitchens (appliances, cabinetry), new flooring, fresh paint, and forced cool/wall heating, indicating good condition and reduced immediate capital expenditure.
Significant Value-Add Potential: Existing rents are below market with month-to-month leases, allowing for immediate rent increases. Additionally, the large lot permits the construction of two Accessory Dwelling Units (ADUs), offering substantial future income growth.
Reduced Landlord Expenses: All units have separately metered gas and electric, with tenants responsible for these utilities, significantly reducing landlord operating costs.

Cons

Property Age: Built in 1978, the property is over 45 years old. While upgraded, underlying infrastructure (e.g., plumbing, electrical beyond cosmetic updates) may eventually require attention or significant capital improvements.
Current Below-Market Rents: The immediate income stream is not maximized due to existing rents being lower than market rates, requiring active management and potential tenant transitions to achieve optimal cash flow.
Potential for Tenant Turnover: The process of raising rents to market rates, especially with month-to-month tenants, carries the risk of increased tenant turnover, leading to temporary vacancies and associated re-leasing costs.

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