40241 Big Bear, Big Bear Lake, CA 92315

Property 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 stabi