Vintage 1951 barn-style cabin in Cedar Glen, in the Lake Arrowhead region*. This 816 sq.ft. mountain retreat features 2 bedrooms, 1 bathroom, and a spacious deck with forest views.
While needing full renovation, property offers multiple investment strategies including BRRRR, fix-and-flip, or conversion to a short-term rental.
Located in a prime tourist area with year-round activities including skiing, hiking, and fishing (in surrounding lakes, creeks/rivers). Current STR comps show strong revenue potential ranging from $142-295/night depending on seasonality and finish quality. Perfect opportunity for value-add investors to create a performing asset in Southern California's premier mountain destination.
Annual STR rent potential: $30,000 - $48,000 depending on your quality level of repairs. ($2500-$4000/mo).
*Lake Arrowhead itself is a private lake. There is no public access.