41307 Park Avenue, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 3 bath

41307 Park Avenue, Big Bear Lake, California 92315 home-pic-0
ACTIVE$1,025,000
41307 Park Avenue, Big Bear Lake, California 92315
4Beds
3Baths
7,936Sqft
11,648Lot
Year Built
1948
Close
-
List price
$1.02M
Original List price
$1.02M
Price/Sqft
$129
HOA
-
Days on market
-
Sold On
-
MLS number
SW25264275
Home ConditionFair
Features
Good View: Park/Greenbelt, Lake, Trees/Woods
Deck
ViewPark/Greenbelt, Lake, Trees/Woods

About this home

We found 4 Cons,5 Pros. Rank: price - $1.02M(82th), sqft - 7936(100th), beds - 4(63th), baths - 3(55th).

Imagine owning all 3 unique homes on one (R3) lot or parcel. Some of these homes can be owner-occupied, separate guest quarters, or generational suites while the other units can be either rented out on a short or long-term basis, or even both (ask me about short-term rentals if you want to know) since each of the three units have separate entrances, kitchens, furniture, washer and dryer sets as well as utility meters for your household and guests. Distinctively luxurious with an SFR built in 1948 in the front and a split-level, custom home in the back - built in 1993, which has never been sold or on the market yet. With each home offering spacious floorplans and breathtaking views of the lake, park, and baseball fields along with your own forest of mature pines! In addition to purchasing this parcel, an opportunity to also purchase the two adjoining vacant land lots 2 and 3, for additional amounts is available which can be combined as one large estate for an unobstructed view of Big Bear Lake! Utilities such as water, electricity, and sewer services are available through the City of Big Bear Lake. The address to the two adjacent land parcels for sale are 341 Jeffries Rd., and 351 Jeffries Rd., Big Bear Lake, CA 92315. Please have your agent contact the Listing Agent to make an appointment to tour the property.

Price History

Date
Event
Price
11/21/25
Listing
$1,025,000
Condition Rating
Fair

This property comprises multiple units, with the primary structures built in 1948 and 1993. The 1993 unit, now 31 years old, shows interiors consistent with its original construction, including dated kitchens and bathrooms with older appliances, cabinets, and fixtures. The 1948 unit's interiors are even more dated, featuring wood paneling, older carpets, and very basic, functional but aesthetically outdated kitchens and bathrooms. While the property appears well-maintained and functional, it has not undergone extensive renovations within the last 15-30 years. Major components are functional but clearly show their age and are outdated in style, requiring minor updates to meet current aesthetic standards. The overall condition aligns with the 'Fair' category, indicating it is aged but maintained, with functional systems that show signs of being outdated.
Pros & Cons

Pros

Exceptional Income Potential: The property features three unique homes on one R3-zoned lot, each with separate entrances, kitchens, and utility meters, offering significant flexibility for short-term rentals, long-term rentals, or multi-generational living.
Breathtaking Views: Enjoy expansive and picturesque views of Big Bear Lake, the adjacent park, baseball fields, and a private forest of mature pines from the property.
Development & Expansion Opportunity: An exclusive option to purchase two adjoining vacant land lots is available, allowing for potential expansion into a larger estate with enhanced, unobstructed lake views.
Diverse Property Portfolio: The offering includes a classic 1948 Single Family Residence and a custom-built, never-before-sold 1993 split-level home, providing a blend of historical charm and more modern construction.
Independent Unit Management: Each of the three units is equipped with separate entrances, kitchens, furniture, washer/dryer sets, and utility meters, simplifying management and tenant billing for investors or multi-family occupants.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 7936, other record living area = 848.
Age of Original Structure: The front SFR was built in 1948, which may suggest older systems, potential for deferred maintenance, or a need for significant updates compared to newer constructions.
Additional Cost for Full Potential: The opportunity to combine with adjacent vacant lots for a larger estate requires an additional purchase, not included in the current listing price, increasing the overall investment.
Limited Information on Older Unit's Condition: While the newer unit is highlighted, the description provides less detail regarding the current condition or recent upgrades of the 1948 home, necessitating thorough buyer due diligence.

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