Text/Call Today! 858.414.0399
BEST OFFER WINS AFTER SHOWING SATURDAY + SUNDAY SEPTEMBER 9th-10th!!!
*** please read in full ***
$50,000 BELOW "AS-IS" VALUE! $170,000 BELOW AFTER REPAIR VALUE!
Once in a life-time opportunity to rehab large ocean-view home in ski-resort mountain town.
$1,000 BONUS FOR BUYER AGENT WHO BRINGS THE WINNING BID!
The MOST affordable home over 2,000 square feet in a TEN MILE RADIUS, is also the only home for sale in the area, where you can renovate for up to a 25% return on investment.
We will accept the best offer we receive after our one showing/open house weekend, so read the information below very carefully and submit your name on the Auction List Sign-Up, for a link to the video walk through.
Location, Location, Location! The property is about 10 minutes east of Lake Arrowhead, and 10 minutes west of Snow Valley Ski Resort, and very close to the world-famous mountain town of Big Bear.
The desirable central location affords a short commute down the hill, with easy access to the rest of the Inland Empire (San Bernardino and Riverside County) and even LA and Orange County are a short drive.
WHAT:
2808 square feet (2372 finished)
* Tri-level home
* Built in 1984.
* 3 bedrooms. Master suite is on the middle level, both guest bedrooms on the upper level.
* 3 full bathrooms
* square footage does NOT including a HUGE perfectly usable attic space just begging to be finished and permitted as a guest room, office, study, den, or ???
* Lot size 6,599 square feet (Vacant lot next door is rumored to be for sale by owner for only $10,000)
PLUS rental unit / studio???
The bottom entrance level of this beautiful 3 story craftsman home is begging for you to replace the laundry room area with a bathroom, and it's immediately an income producing companion unit/studio apartment. Extend the deck/stairs and the studio would have its own separate private entrance as would the main house. Definitely a dream come true for those with extended family, or who want to capitalize on that mountain town vacation rental income through AirBnB.
A Room with a View... or a whole HOME with a View? On a clear day, you can actually see the Pacific ocean from the home's many extra large west-facing living room windows! How many homes allow you to enjoy breathtaking views of the ocean during the day, and city lights at night, all in a peaceful quiet mountain town with a rustic country vibe, that's perfect for raising kids or ideal as a 2nd home / summer home?
REHAB BUDGET. We have commitments from MULTIPLE local and reputable general contractors, with reliable and professional crews, who can complete this entire project for under $55,000.
WHO: Cash buyers, investors with hard money loans, and handymen/women who have enough capital to close on their next profitable project. This home won't qualify for a conventional mortgage, so we're entertaining offers from cash, hard money, and private money buyers. Be prepared to show proof of funds.
You will NOT find a cheaper home in the 2000 square foot and up category, in all of Running Springs, Big Bear, Lake Arrowhead, Crestline, Blue Jay, Skyforest, Twin Peaks, even Highland, Redlands, or Angelus Oaks. This is the ONLY fixer in the San Bernardino Mountain areas, that's dramatically below market value.
AFTER REPAIR VALUE COMPS and CASH COMPS available upon request. The only cash comparable in a 2 mile radius (similar square footage) sold for $125.69 - $135.49 per square foot.
WHEN:
Saturday September 9th and Sunday September 10th (11am - 5pm) is our ONE AND ONLY open house/showing, so if you're a serious buyer, with a proof of funds, who is ready to close and make money, don't miss it. This property is NOT on lockbox, so make sure to come out for the showing.
Happy bidding!
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We are experienced real estate investors in Running Springs, California and specialize in off-market properties.
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