40241 Big Bear, Big Bear Lake, CA 92315
San Bernardino County
Key Facts
Description
Hillcrest Lodge is a well-located multifamily investment property in the heart of Big Bear Lake, one of Southern California’s most established and supply-constrained mountain resort markets. The property is currently operated as long-term, month-to-month residential rentals and consists of 13 rentable units plus an on-site manager’s unit, distributed across four separate buildings featuring a unique blend of independent cabin-style units and apartment-style layouts. The unit mix includes one-bedroom units with kitchens, two-bedroom units with kitchens, and studio units with and without kitchens, allowing flexibility to serve a broad and diverse tenant base. Several units are fully detached, offering enhanced privacy and livability, while a two-story building provides efficient apartment-style configurations. Originally built in 1960, the property sits on an approximately 21,636 square foot lot with a total building area of approximately 5,526 square feet. Big Bear Lake benefits from strong year-round demand driven by winter skiing, summer lake activities, hiking, outdoor recreation, and seasonal events, attracting visitors and residents from the Greater Los Angeles region. Limited land availability and development constraints further support long-term value appreciation and stability. Hillcrest Lodge is well-suited for multifamily investors, owner-operators, or 1031 exchange buyers seeking a diversified unit mix and long-term investment potential in a premier mountain resort market.Buyer to verify all information related to the listing and do their own due diligence .....
Property Information
Property Type
Residential Income
Sub-Type
Mixed Use
Year Built
1960
Stories
2
Living Area
5,526 sq ft
Lot Size
0.50 acres
Days on Market
160
MLS® Listing#
AR26011002
Property Features
Pool
Laundry
Sewer
Water Source
Financial Details
Parcel Number
0307184110000
Directions
Big Bear Blvd
Affordability Calculator
$360,000
Estimated monthly payment
$9,580/mo
Principal $1,440,000 · Est. interest $2,008,928 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Big Bear Lake, CA
- $624,619
- Median Listing Price
- 75
- Median Days on Market
- 1,762
- Median Sq Ft
- $385
- Median Price / Sq Ft
- 2,233
- Active Listings
- This home’s price is 188% above the area median.
- Its price per sq ft is 15% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Big Bear Lake, CA.
Location
Points of Interest in Big Bear Lake, CA
Showing the Big Bear Lake area map.
Nearby Schools
Big Bear Elementary School
Elementary · 0.9 mi away
Big Bear Middle
Secondary · 1.3 mi away
North Shore Elementary
Elementary · 2.8 mi away
North Shore Christian Preschool
Elementary · 4.5 mi away
Baldwin Lane Elementary School
Elementary · 5.4 mi away
Chautauqua High School
Secondary · 5.7 mi away
Big Bear High School
Secondary · 5.7 mi away
Berean Christian School
School · 5.8 mi away
Emerald Cove Outdoor Science Institute
School · 8.7 mi away
Charles Hoffman Elementary School
Elementary · 10.0 mi away
Fallsvale Elementary School
Elementary · 10.4 mi away
Mt Calvary Kid's Corner Preschool
School · 10.5 mi away
Sky Mountain Charter School
Secondary · 11.9 mi away
Granite Mountain Charter School
School · 11.9 mi away
Mountain View High
Secondary · 11.9 mi away
Ridgeview Elementary
Elementary · 14.5 mi away
Lucerne Valley Elementary School
Elementary · 14.5 mi away
Park View Middle School
School · 14.6 mi away
Lake Arrowhead Elementary School
Elementary · 14.8 mi away
Lucerne Valley High
Secondary · 15.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 29392 Big Range, Canyon Lake, CA | $1,270,000 | 4 | 3 | 1,792 |
| 3535 Lake Tahoe 505, South Lake Tahoe, CA | $1,285,000 | 3 | 2 | 1,445 |
| 28575 Manitoba Drive, Lake Arrowhead, CA | $1,285,000 | 4 | 3 | 3,120 |
| 40557 Big Bear Blvd Boulevard, Big Bear Lake, CA | $1,288,000 | — | — | — |
| 540 Killington Way, Big Bear, CA | $1,289,000 | 4 | 2 | 2,216 |
| 23456 White Dove Dr, Lake Forest, CA | $1,295,000 | 5 | 2 | 1,457 |
Moving Cost Estimate
EXIT Agents in Big Bear Lake
Listing Courtesy: CBD Investment Inc. - 626-688-2208
Presented by: Henry Liu and ANNA HUI JU LIAO
Licensed in the state of California.