689 Summit

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689 Summit

Big Bear Lake, CA 92315
Asking Price
$335K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is located in the mountain community of Big Bear Lake.
  • This parcel of land spans a total of 0.192 acres.
  • The site at 689 Summit is currently available for purchase.
  • The asking price for this land offering is $335,000.
  • The location is suitable for various residential or development projects.

What's Special

Big Bear Lake serves as a prominent mountain destination within Southern California, offering a distinct environment characterized by year-round recreational activity and significant tourism appeal. This land parcel sits at 689 Summit, providing a strategic footprint within the regional market for investors or developers seeking to establish a presence in this popular alpine community. Spanning 0.192 acres, the property represents a compact site suitable for residential development or custom construction projects aligned with the area's growth patterns. The site location benefits from proximity to the natural amenities that draw visitors to the San Bernardino National Forest and the surrounding lakefront attractions, supporting long-term viability for both short-term rental configurations or private residential use. Developers familiar with the local terrain can leverage this land to capitalize on the sustained demand for housing and guest accommodations in this established mountain submarket.

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NOI
$80,000
Cap Rate
23.88%
DSCR
4.02
Strong
Cash-on-Cash
59.81%
Monthly Payment
$1,657.397
Annual Cash Flow
$60,111.233

Location & Travel Times