$600,000
↓ $100K (9.1%)
●
House -
Off Market
215 Chippewa Lane
Lake Arrowhead, CA 92352
5 Beds
4 Baths
2,550 Ft²
$913,541
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model
About This Property
OPPORTUNITY KNOCKS...Fantastic Vacation Home & Short Term Rental!
This beautiful forest view home includes Full Lake Rights and
is situated on a quiet cul-de-sac. Boasting 2550 sqft of
living space, 5 bedrooms, 4 bathrooms, including 3 master bedrooms!
The 3rd master is configured as a studio apartment with it's own
private entrance! The kitchen and bathrooms have granite
countertops and wood floors throughout, this home has 4 separate
living areas and each bedroom feature french doors that open to
beautiful wooded views. Enjoy the majestic scenery while
relaxing on one of the 3 separate large decks or cozy up with a
book by one of the 4 fireplaces. This lovely home is only a
short distance to the lake & village and comes fully furnished!
3 driveway parking spaces, 2 car attached garage and
oversized storage area. The roof and heater have recently
been replaced and home has passed wood pest clearance & home
inspection. This home also comes with a short term rental
permit from the city that is transferable within 30 days of
purchase.
Unit Size
2,550 Ft²
Days on Market
89 days
Land Size
0.21 acres
Price per sqft
$235
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1969
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #OC18019433)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 23, 2025 | Price Decreased |
$995,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Oct 11, 2025 | Price Decreased |
$1,095,000
↓ $5K
(0.5%) | |
| Price Decreased | |||
| Oct 10, 2025 | Price Decreased |
$1,100,000
↓ $49K
(4.3%) | |
| Price Decreased | |||
| Sep 19, 2025 | Price Decreased |
$1,149,000
↓ $40K
(3.4%) | |
| Price Decreased | |||
| Sep 1, 2025 | Price Decreased |
$1,189,000
↓ $11K
(0.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
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Sold On
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HOA + Taxes
About Lake Arrowhead
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Listed by: Rebecka Forrester, First Team Real Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC18019433
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC18019433
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