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2726 View Drive, Running Springs, California 92382, Running Springs, - bed, bath

home-pic
ACTIVE$1,298,000
2726 View Drive, Running Springs, California 92382
0Bed
0Bath
5,000Sqft
28,370Lot
Year Built
1942
Close
-
List price
$1.3M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
EV24106201
Home ConditionFair
Features
Deck
View-

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.

Price History

Date
Event
Price
08/02/25
$1,298,000
05/27/24
$1,500,000
Condition Rating
Fair
Built in 1942, this multi-unit property is explicitly described as 'well maintained with updates,' which is supported by the images. The kitchens and bathrooms feature updated cabinets, clean countertops, newer white appliances, and modern tile work (including subway tile in showers). Flooring is consistently updated with laminate wood-look and tile. Light fixtures are modern, and windows appear to be updated. However, given its 82-year age and the style of updates, these renovations likely occurred 15-30 years ago or are ongoing functional improvements, rather than a comprehensive, recent (within 5-15 years) overhaul of all major systems. The visible wall heaters suggest a lack of central HVAC. While clean and functional, the property shows signs of being aged but maintained, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Strong Cash Flow & Existing Income: The property boasts 'Great Cash Flow' with all units currently rented month-to-month, providing immediate income. An on-site coin-op laundry adds an additional revenue stream.
Flexible Use & Licensing: Licensed as a motel but operating as multi-family, this property offers versatile operational strategies, including long-term rentals, potential for nightly motel operations, or owner-occupancy with income offset.
Diverse Unit Portfolio: The property includes a main house (3 bed/2.5 bath), an office, two studio units, and five stand-alone cabins, catering to a wide range of tenant/guest needs and diversifying income sources.
Expansion & Development Potential: Situated on a large 28,370 sqft street-to-street lot, the property offers significant room for future expansion or additional development, enhancing its long-term value.
Prime Mountain Location: Located in the desirable San Bernardino Mountains, nestled between popular destinations like Lake Arrowhead and Big Bear, the property benefits from a scenic and recreational setting.

Cons

Age of Construction: Built in 1942, the property is over 80 years old. While updates are mentioned, an older structure may still present challenges related to aging infrastructure, systems, and potential for higher maintenance costs.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $1.5M to $1.298M, which could suggest initial overpricing, extended market time, or potential underlying issues that prompted the adjustment.
Lack of Scenic Views: Despite its mountain location, the property description explicitly states 'view:None.' This absence of a scenic view is a missed opportunity for added value and appeal that many properties in similar settings offer.

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