Skip to main content

Multifamily Vacant-User

560 Jeffries St

560 Jeffries Rd, Big Bear Lake, CA 92315

Listing Price: $2,075,000

Cap Rate
2.85%
Number of Units
6
GRM
16.18
Price/Unit
$345,833
Price/Gross SF
$329.37
Gross SF
6,300

Investment Overview

Introducing Bear Mountain Hideaway Lodge, a captivating retreat nestled on just over an acre of picturesque landscape adorned with majestic Pine trees, thriving Apple trees, and fragrant Jasmine. Originally established in 1912 as the esteemed Blackthorn Lodge, this property underwent a significant expansion in 1971, evolving into a charming enclave featuring five distinctive two-bedroom homes, a detached garage, and a sizable workshop.

From 1987 to 2022, the Lodge operated as a multifamily long-term leased investment. However, under current ownership, the site has undergone a remarkable transformation. Through diligent efforts, the property has been revitalized to its original Lodge designation, accompanied by extensive renovations to the main lodge/home and another architecturally striking 2-bedroom dwelling.

Presently the two meticulously remodeled homes serve as highly successful short term rental units while the other three homes are fully occupied with long term tenants on month-to-month leases paying below market rent. This presents a lucrative opportunity for an investor to optimize rental income by adjusting the rents to market rates or converting those homes to short term rental units. Moreover, due to the lodge destination at the site the property is completely exempt to the from the City of Big Bear Lake short term rental ordinance restrictions. Further, due to the large 46,350 SFT size of the combined two parcels, local zoning code would allow up to 6 more additional rental units to be developed by right. Also, on site is a large workshop structure with higher vaulted ceilings that could be converted to a beautiful one-bedroom unit.

Ideally situated within walking distance to the Village, Big Bear Lake, and Snow Summit Ski Resort. Bear Mountain Hideaway Lodge offers a coveted location for guests seeking adventure and relaxation alike. Whether ran as a luxury boutique hotel or a personal residence with in place income from the other homes, this extraordinary property is the epitome of mountain living at its finest. Don’t miss the chance to own this remarkable piece of Big Bear Lake history.

Investment Highlights

  • Potential for Development of 6 Additional Units on the Property
  • Located within Walking Distance to The Village, Big Bear Lake, and Snow Summit Ski Resort
  • Ownership has Completed a Meticulous Remodel of 2 Units | Currently Used as Short Term Rentals
  • All Homes Individually Metered for Gas and Electric

Exclusively Listed By

Multifamily Vacant-User

560 Jeffries St

Listing Price: $2,075,000

Cap Rate
2.85%
Number of Units
6
GRM
16.18
Price/Unit
$345,833
Price/Gross SF
$329.37
Gross SF
6,300

Investment Highlights

  • Potential for Development of 6 Additional Units on the Property
  • Located within Walking Distance to The Village, Big Bear Lake, and Snow Summit Ski Resort
  • Ownership has Completed a Meticulous Remodel of 2 Units | Currently Used as Short Term Rentals
  • All Homes Individually Metered for Gas and Electric

Investment Overview

Introducing Bear Mountain Hideaway Lodge, a captivating retreat nestled on just over an acre of picturesque landscape adorned with majestic Pine trees, thriving Apple trees, and fragrant Jasmine. Originally established in 1912 as the esteemed Blackthorn Lodge, this property underwent a significant expansion in 1971, evolving into a charming enclave featuring five distinctive two-bedroom homes, a detached garage, and a sizable workshop. From 1987 to 2022, the Lodge operated as a multifamily long-term leased investment. However, under current ownership, the site has undergone a remarkable transformation. Through diligent efforts, the property has been revitalized to its original Lodge designation, accompanied by extensive renovations to the main lodge/home and another architecturally striking 2-bedroom dwelling. Presently the two meticulously remodeled homes serve as highly successful short term rental units while the other three homes are fully occupied with long term tenants on month-to-month leases paying below market rent. This presents a lucrative opportunity for an investor to optimize rental income by adjusting the rents to market rates or converting those homes to short term rental units. Moreover, due to the lodge destination at the site the property is completely exempt to the from the City of Big Bear Lake short term rental ordinance restrictions. Further, due to the large 46,350 SFT size of the combined two parcels, local zoning code would allow up to 6 more additional rental units to be developed by right. Also, on site is a large workshop structure with higher vaulted ceilings that could be converted to a beautiful one-bedroom unit. Ideally situated within walking distance to the Village, Big Bear Lake, and Snow Summit Ski Resort. Bear Mountain Hideaway Lodge offers a coveted location for guests seeking adventure and relaxation alike. Whether ran as a luxury boutique hotel or a personal residence with in place income from the other homes, this extraordinary property is the epitome of mountain living at its finest. Don’t miss the chance to own this remarkable piece of Big Bear Lake history.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower