$257,153
●
House -
Off Market
2179 2nd Lane
Big Bear, CA 92314
5 Beds
2 Baths
1,698 Ft²
$393,080
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model
About This Property
FANTASTIC INCOME PRODUCING PROPERTY! This classic A-Frame style
cabin sits on a large corner lot in Erwin Lake. The main home
offers two bedrooms and one bath while the recently remodeled guest
house offers three bedrooms and one bath as well as a separate
kitchen and living area. Large floor to ceiling windows in the main
A-frame cabin bring in plenty of natural lighting to show off the
dramatic 20 ft ceilings and real rock fireplace! The previous
garage was converted, with permits, to a cute and cozy guest house.
The large fully fenced lot gives you plenty of space for RV and/or
boat parking while multiple sheds offer more than enough room for
storage. This is the perfect income producing home, live in one
while renting out the other. Lots could possibly be split into two
creating a two for the price of one deal!
Unit Size
1,698 Ft²
Days on Market
161 days
Land Size
0.14 acres
Price per sqft
$153
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1957
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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 #EV18124557)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2018 | Sold | ||
| Sold | |||
| May 24, 2018 | Listed by KELLER WILLIAMS REALTY | $259,000 | |
| Listed by KELLER WILLIAMS REALTY | |||
Property Highlights
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
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Baths
ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Big Bear City
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Listed by: SARAH STITT, KELLER WILLIAMS REALTY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18124557
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18124557
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