41
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696 Menlo Drive
About This Property
Inside, the 1,588-square-foot home boasts the perfect mountain floor plan, offering an exceptional foundation to bring your own design ideas to life. While the interior is ready for some cosmetic updating, the bones and layout are exactly what buyers look for in an alpine getaway. The open-concept living area is framed by peaceful territorial views and centers around a cozy fireplace, creating an incredibly inviting space to warm up and unwind after a day out on the slopes or the water.
Step outside onto the newer upper deck, an ideal sanctuary for entertaining, BBQing, or simply soaking in the crisp mountain air and tall pines. For those looking to add even more value, the property features a large build-up area below the home ripe for future expansion, whether you want to create a game room, workshop, or extra living quarters. This is a rare opportunity to customize a classic mountain home with incredible upside, great parking, and a premium lot. Price to sell.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2026 | Price Decreased |
$539,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Jun 20, 2026 | Listed by COMPASS | $549,900 | |
| Listed by COMPASS | |||
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About Big Bear Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017