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Lakewood Cabins 586 Main St

10 Room Hotel Big Bear Lake, CA 92315 $1,890,000 ($189,000/Room)

Investment Highlights

  • Upgraded Power Panel. Air conditioner in every Cabin.

Executive Summary

10 stand-alone Lakewood Cabins by Big Bear Lake features approximately 4,852 square feet of Professionally Designed/Remodeled Hotel/Motel/Airbnb investment opportunities inside approximately one acre of wooded area with tall pine trees and picnic area. Minutes away from Big Bear Village restaurants, shops and Ski Resorts. Over $300,000 recent upgrades on 7 one bedroom cabins and 3 studio cabins which include fully equipped kitchens, Living rooms, bathrooms, water heaters, new floorings, split-unit AC systems, and 2 Tesla/EV charging outlets. Newly upgraded items also include Electric panels, August Smart door locks for all units, and a new Wi-Fi system covering inside and outside seating area. Fire pits, BBQ grills , Kids playground, picnic tables and chairs are located in the open area. One On-site Manager cabin servicing all 9 cabins. Ample parking spaces and one acre lot offers possible expansion. The conveyance consists of six parcels. Easy access to Highway 18 and 330.

Property Facts

Price $1,890,000
Price Per Room $189,000
Sale Type Investment
Sale Conditions 1031 Exchange
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.00 AC
Building Size 4,852 SF
No. Rooms 10
No. Stories 1
Year Built 1946
Parking Ratio 3.09/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Digital key

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 10 $66.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0309-101-10
  • 0309-101-06
  • 0309-101-09
  • 0309-101-07
  • 0309-101-08
  • 0309-101-31
Land Assessment
$484,135
Improvements Assessment
$429,476
Total Assessment
$913,611

zoning

Zoning Code Motel (Motel zoning and license.)
Motel (Motel zoning and license.)
  • Listing ID: 29385582

  • Date on Market: 8/28/2023

  • Last Updated:

  • Address: 586 Main St, Big Bear Lake, CA 92315

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