40241 Big Bear Blvd - Hospitality FOR SALE


Big Bear Lake, CA 92315
$1,850,000 USD
818-634-3281
40241 Big Bear Blvd, Big Bear Lake, CA for Sale
$1,850,000 USD
Hospitality - FOR SALE
1/37
null | 7% Cap Rate

40241 Big Bear Blvd
Big Bear Lake, CA 92315


HIGHLIGHTS

  • 13 rentable multifamily units plus on-site manager’s unit
  • Operated as long-term, month-to-month residential rentals
  • Four separate buildings with a mix of cabin-style and apartment-style units
  • Unit mix includes 1BR/1BA, 2BR/1BA, and studio units (with and without kitchens)
  • Several fully detached units offering enhanced privacy
  • Located in the heart of Big Bear Lake, a year-round resort market

OVERVIEW

Hillcrest Lodge presents an opportunity to acquire a boutique hospitality asset in the heart of Big Bear Lake, one of Southern California's most recognized year-round mountain resort destinations. The 13-room lodge offers a welcoming mountain retreat environment within close proximity to The Village, Big Bear Lake, Snow Summit, Bear Mountain, and an extensive network of outdoor recreation amenities that attract visitors throughout all four seasons. Designed to deliver a traditional mountain lodge experience, the property features thoughtfully appointed guest accommodations with rustic character and a comfortable atmosphere that appeals to vacationers, outdoor enthusiasts, families, and weekend travelers. Its intimate scale allows for a personalized guest experience while supporting operational flexibility for ownership. The property's central location provides convenient access to dining, shopping, skiing, snowboarding, hiking, biking, boating, and fishing, positioning the asset to benefit from the area's established tourism economy. Surrounded by the natural beauty of the San Bernardino Mountains, Hillcrest Lodge combines a tranquil setting with accessibility to the region's primary demand drivers. Offered at $1,850,000, the property reports gross annual income of $201,000 and a stated cap rate of 7%. The site encompasses approximately 21,363 square feet and includes 15 surface parking spaces. With a combination of hospitality income, established lodging operations, and a location within a highly visited recreational market, Hillcrest Lodge offers investors the opportunity to acquire a lodging asset in a destination known for year-round visitor demand and outdoor tourism.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$335 USD /SF

# OF ROOMS

13

PRICE/ROOM

$142,308 {currency}

CAP RATE

7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillcrest Suites & Cabins

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,363 SF

ZONING

C-3

APN/PARCEL ID

0307-184-11

ASK ABOUT THIS PROPERTY

David 'Randy' StevensonStevenson Real Estate ServicesMore Info
818-634-3281

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David 'Randy' StevensonStevenson Real Estate ServicesMore Info
818-634-3281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.