41307 Park Avenue, Big Bear Lake, California 92315, Big Bear Lake, - bed, bath

home-pic
ACTIVE$1,050,000
41307 Park Avenue, Big Bear Lake, California 92315
0Bed
0Bath
3,972Sqft
11,648Lot
Year Built
1948
Close
-
List price
$1.05M
Original List price
$1.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SW24230197
Home ConditionFair
Features
Good View: Park/Greenbelt, Lake, Trees/Woods
Deck
ViewPark/Greenbelt, Lake, Trees/Woods

About this home

3 unique homes (a triplex) on one (R3) lot. Luxury living at its best! Investor’s Dream with two, never been listed before (custom-built in 1993), split-level homes behind the main SFR built 1948 that also hasn’t been on the market in over 30 years! These individual houses boast spacious floorplans, breathtaking lake & park views, and a scenic forest-scape! All 3 homes are on one lot, but don't miss this opportunity to also purchase the adjoining vacant lots 2 and 3,which can also be bought (with additional amounts for the land) as one large estate for unobstructed views of Big Bear Lake! Utilities are available through the city. The address to the adjacent two parcels for sale are 341 Jeffries Rd., Big Bear Lake, CA 92315, and 351 Jeffries Rd., Big Bear Lake, CA 92315. 0309-031-01-0000 Has a Triplex or (3) dwelling structures with separate entrances on this APN (original SFR built in 1948 and the two-story duplex or commercial condo flat was built in 1993). ***If you'd like to schedule an appointment with your agent or the Listing Agent if you don't have one, the sellers request at least a day's notice in advance. They may be able to have the property ready to view on the weekends from 1 to 4 p.m. but again, please contact the agents listed above with at least 2 hours to a day's notice earlier to schedule accordingly - thank you!***

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot3,9722,892
50%
Lot Size11,64811,074
50%
Price$1.05M$775K
50%
Price per square foot$264$270
50%
Built year19489700974
100%
HOA
Days on market362264
50%
Condition Rating
Fair

The property consists of three homes, one built in 1948 and two built in 1993. The kitchens and bathrooms appear functional but are dated. Some updates have been done, but the property shows its age and would benefit from further renovations. The appliances are a mix of older and newer models. Overall, the property is maintained but outdated.
Pros & Cons

Pros

Income Potential: The property features three separate homes on one lot, offering significant income potential through rentals.
Lake and Park Views: Breathtaking lake and park views enhance the appeal and desirability of the property.
Development Opportunity: The R3 zoning and the option to purchase adjacent vacant lots provide a unique development opportunity.
Large Lot Size: The 11,648 sqft lot size offers ample space and potential for various uses.
Prime Location: Located in Big Bear Lake, the property benefits from the area's recreational activities and scenic beauty.

Cons

Age of Structures: The main house was built in 1948, potentially requiring updates and maintenance.
Deferred Maintenance: The property hasn't been on the market in over 30 years, suggesting possible deferred maintenance issues.
Potential Renovation Costs: Older structures may require significant renovation to meet modern standards and buyer expectations.

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