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39802 Lakeview Dr Unit 9

39802 Lakeview Dr Unit 9

Big Bear Lake, CA 92315

$465,000

2 bd · 2 ba · 1,462 sqft · Listed 6d ago

View on Realtor.com →
Low confidenceHigh HOANegative cash flow

Year built

1983

Sqft

1,462

Lot sqft

1,002

HOA / mo

$714

Furnished

Yes

List date

2026-09-23T17:28:47.000000Z

Revenue

Annual revenue

$24,722

ADR

$193

Occupancy

35%

Cleaning fees (12 mo)

$4,589

Confidence

Low (28.28), 44 comps

Comp revenue range (p25 / median / p75)

$13,074$21,532$30,506
  • Cabin/Condo/Pool/Village 1 Mile/Slopes 3 miles

    Townhouse · 2 bd · 2 ba · sleeps 7 · 105 ft

    Revenue $15,142ADR $1,927Occ ≈ 2%4.1★ (246)

    AirbnbVrbo

  • Lakeview Getaway | Game Rm, Pool, Spa, Sauna!

    Condominium (condo) · 2 bd · 2.5 ba · sleeps 8 · 108 ft

    Revenue $30,506ADR $313Occ ≈ 27%4.8★ (12)

    AirbnbVrbo

  • Golden Hour | Jacuzzi, Sauna, Pool, Tennis, Gated!

    Condominium (condo) · 2 bd · 1.5 ba · sleeps 8 · 118 ft

    Revenue $12,086ADR $262Occ ≈ 13%5★ (6)

    AirbnbVrboBooking

  • Casa De Lago - Beautifully Upgraded Lakeside Gem!

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 217 ft

    Revenue $7,444ADR $296Occ ≈ 7%4.8★ (87)

    Airbnb

  • Lakeside condo with balcony, fireplaces, and more!

    Condominium (condo) · 2 bd · 2.5 ba · sleeps 8 · 243 ft

    Revenue $23,072ADR $0Occ ≈ —4.3★ (7)

    AirbnbVrboBooking

  • Cozy Lakefront Condo Close to The Village-NO PETS

    Condominium (condo) · 2 bd · 2.5 ba · sleeps 5 · 381 ft

    Revenue $15,105ADR $254Occ ≈ 16%4.1★ (22)

    AirbnbVrboBooking

  • Fully Upgraded Lakeside Hideaway for Quiet Escapes

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 394 ft

    Revenue $17,290ADR $312Occ ≈ 15%4.7★ (6)

    AirbnbVrbo

  • Bearfoot Lake Escape

    Townhouse · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $9,937ADR $262Occ ≈ 10%4.7★ (6)

    AirbnbVrbo

  • Mountain Condo has King Suite, Soaking Tub, Arcade, Pool and Hot Tub Access!

    House · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $1,616ADR $161Occ ≈ 3%4.6★ (7)

    Vrbo

  • Mountain Condo has King Suite, Soaking Tub, Arcade, Pool and Hot Tub Access!

    House · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $6,302ADR $274Occ ≈ 6%—

    Vrbo

Show all 45 comps
  • Cozy Cabin w/ Fireplace • Near Lake & Village

    House · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    Revenue $27,013ADR $273Occ ≈ 27%5★ (54)

    Airbnb

  • 5 Min Walk to BBL Retreat, BBQ, Fireplace

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.1 mi

    Revenue $29,879ADR $181Occ ≈ 45%4.8★ (215)

    AirbnbVrboBooking

  • Condo with soaking tubArcadeAccess to pool spa

    Townhouse · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $18,252ADR $271Occ ≈ 18%4.1★ (25)

    AirbnbVrboBooking

  • Close to Village & Lake, Barbecue

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.2 mi

    Revenue $33,679ADR $334Occ ≈ 28%4.5★ (8)

    AirbnbVrboBooking

  • Close 2 All, Cozy Clean and Charming, Fenced Yard!

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $52,574ADR $404Occ ≈ 36%5★ (183)

    AirbnbVrbo

  • Lakefront Amazing Views - Modern B

    Cabin · 2 bd · 1 ba · sleeps 3 · 0.2 mi

    Revenue $31,273ADR $246Occ ≈ 35%4.5★ (32)

    AirbnbVrboBooking

  • Modern Lakefront B Big Bear Lake

    Cabin · 2 bd · 1 ba · sleeps 3 · 0.2 mi

    Revenue $26,462ADR $371Occ ≈ 20%—

    Vrbo

  • Cozy House by the Lake

    House · 2 bd · 2 ba · sleeps 5 · 0.2 mi

    Revenue $13,074ADR $271Occ ≈ 13%4.8★ (68)

    AirbnbVrbo

  • Cozy Pine-Lined Cabin w/ Fireplace & Deck

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $17,011ADR $201Occ ≈ 23%4.7★ (65)

    AirbnbVrboBooking

  • Walk to Big Bear Lake: Cozy Cabin w/ Deck

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $19,375ADR $194Occ ≈ 27%4.7★ (55)

    AirbnbVrbo

  • Woodpecker Cabin hosted by Big Bear Cool Cabins

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $35,645ADR $201Occ ≈ 49%3.8★ (16)

    AirbnbVrbo

  • Modern Lakefront B Big Bear Lake

    Cabin · 2 bd · 1 ba · sleeps 3 · 0.2 mi

    Revenue $14,401ADR $200Occ ≈ 20%4.5★ (13)

    Vrbo

  • Pinecone Cabin, Labor Day Special!

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $27,299ADR $259Occ ≈ 29%4.7★ (85)

    AirbnbVrboBooking

  • Chris's Cozy Lakefront Home

    Cabin · 2 bd · 1.5 ba · sleeps 5 · 0.3 mi

    Revenue $75,437ADR $338Occ ≈ 61%5★ (38)

    AirbnbVrbo

  • 2Bdrm Condo for 6 NEAR LAKE-Kitchen/Fireplace LL2B

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $29,071ADR $266Occ ≈ 30%4.7★ (65)

    Airbnb

  • Bear Forest Lodge

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $4,955ADR $252Occ ≈ 5%5★ (1)

    Airbnb

  • Lagonita Lodge - 2BR/2BA on the Lake! "Bearcrest"

    Condominium (condo) · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $14,208ADR $199Occ ≈ 20%—

    Airbnb

  • Single Level Home Near Lake & Village

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.3 mi

    Revenue $12,105ADR $242Occ ≈ 14%4.5★ (19)

    AirbnbVrboBooking

  • Cozy 2BD/2BA Cabin in the Heart of Big Bear Lake

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.3 mi

    Revenue $21,532ADR $267Occ ≈ 22%5★ (41)

    AirbnbVrbo

  • Classic & Charming Cabin w/ Hot Tub

    House · 2 bd · 1 ba · sleeps 5 · 0.3 mi

    Revenue $23,661ADR $280Occ ≈ 23%4.8★ (21)

    AirbnbVrboBooking

  • Sugar Pine cabin walking distance to the lake

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.3 mi

    Revenue $27,254ADR $547Occ ≈ 14%4.8★ (74)

    Airbnb

  • Lakeview Cabin W Fireplace & Near to Village

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $39,631ADR $239Occ ≈ 45%5★ (31)

    AirbnbVrbo

  • 1 bed +loft 2 bath | Noon Lodge

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $12,291ADR $270Occ ≈ 12%5★ (4)

    Airbnb

  • Fireplace & BBQ + Deck + Walk to Lake & Village

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $7,300ADR $285Occ ≈ 7%4.5★ (9)

    AirbnbBooking

  • Lupine Lakeside Resort Cabin at Shore Acres by Big Bear Vacations

    Vacation home · 2 bd · 1 ba · sleeps 5 · 0.4 mi

    Revenue $51,831ADR $423Occ ≈ 34%3.5★ (2)

    Booking

  • #2 Large 2 room Suite w/kitchenette .With AC

    Guest suite · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    Revenue $3,732ADR $284Occ ≈ 4%4.9★ (108)

    Airbnb

  • Lakeview Family Cabin by Big Bear Vacations

    Vacation home · 2 bd · 1 ba · sleeps 7 · 0.4 mi

    Revenue $58,998ADR $435Occ ≈ 37%4.3★ (6)

    Booking

  • Lupine #106

    Vacation home · 2 bd · 1 ba · sleeps 5 · 0.4 mi

    Revenue $70,962ADR $452Occ ≈ 43%3.2★ (2)

    Booking

  • The Highpoint A-Frame w/ Deck & Mountain Vibes

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    Revenue $24,577ADR $208Occ ≈ 32%4.8★ (5)

    AirbnbVrbo

  • Lupine Lakeside Family Cabin at Shore Acres Lodge

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.4 mi

    Revenue $65,151ADR $385Occ ≈ 46%4★ (23)

    AirbnbVrboBooking

  • Luxury Retreat-HOT TUB-Near Village & Marina

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.4 mi

    Revenue $1,895ADR $190Occ ≈ 3%2★ (1)

    Airbnb

  • LUXURY RETREAT NEAR VILLAGE & MARINA

    Cabin · 2 bd · 2 ba · sleeps 7 · 0.4 mi

    Revenue $32,919ADR $425Occ ≈ 21%5★ (249)

    AirbnbVrbo

  • Charming Cabin Near Lake, Slopes & Village

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    Revenue $27,974ADR $288Occ ≈ 27%4.6★ (76)

    AirbnbVrboBooking

  • New! • Mid Century A-Frame Cabin •

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.4 mi

    Revenue $16,113ADR $150Occ ≈ 29%4.2★ (5)

    AirbnbVrbo

  • Cozy Cabin w/ Deck - 2 Mi to Bear Mountain Resort!

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.4 mi

    Revenue $16,124ADR $183Occ ≈ 24%4.5★ (18)

    AirbnbVrboBooking

Revenue and nightly rate (ADR) are trailing-12-month figures per listing. Occupancy is estimated as revenue ÷ ADR ÷ 365 and can read high when revenue includes cleaning fees.

Cash flow calculator

Financing

Est. revenue

$24,722

NOI

-$2,455

Cash flow /mo

-$205

Cash needed

$483,600

Cash-on-cash (all cash)

-0.5%

ROE (yr 1)

2.4%

Cap rate

-0.5%

DSCR

—

Year-1 write-off

$115,177

Year-1 tax shield @ 32%

$36,857

Year-1 return on equity

  • Cash flow (annual)-$2,455
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$13,950
ROE2.4%
ROE incl. year-1 tax savings (32% bracket, STR loophole)10.0%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$4,944
  • Platform fees (3% of revenue)$742
  • Maintenance / capex (5% of revenue)$1,236
  • Utilities & supplies$4,200
  • HOA$8,568
  • Property tax$5,813
  • Insurance (STR-rated)$2,372

Cash needed to close

  • Purchase price (all cash)$465,000
  • Closing costs (4.0%)$18,600
  • Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

  • Tax shield @ 32%$36,857

Property tax, insurance rate and the land/building split come from this listing's county tax record; other assumptions match the daily feed (see tasks/plan.md).

The write-off comes from the cost segregation estimate below. Not tax advice.

Cost segregation estimate

An estimate from the listing: every part of the home is priced from national construction costs, less wear for age, and the price (less land) is spread over the parts in proportion. The headline is what a typical cost seg study would claim for this property. The answers below are optional refinements.

Depreciable basis

$374,000

Short-life (5/15-yr)

$114,000 · 31%

Year-1 deduction

$115,000

Year-1 tax shield @ 32%

$37,000

Land 20% (county tax record, assessed value split) · building $259,000 over 39 years

Based on: 1,462 sq ft, built 1983, 2 bd / 2 ba, furnished, listing features (hot tub, fence, game room, fireplace, stone counters, flooring types, appliance list).

IRS-guide safe-harbor floor: $87,000 in year 1 (23% short-life, $28,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$77,400
  • Kitchen cabinetsdefault

    $9,000 new × 40% good × 3.02 allocation

    $10,900
  • Kitchen countertops (stone)listing

    $9,200 new × 40% good × 3.02 allocation

    $11,100
  • Decorative trimdefault

    $2,600 new × 40% good × 3.02 allocation

    $3,100
  • Mirrorsdefault

    $300 new × 40% good × 3.02 allocation

    $400
  • Shelvingdefault

    $900 new × 40% good × 3.02 allocation

    $1,100
  • Window coverings (15)default

    $3,800 new × 40% good × 3.02 allocation

    $4,500
  • Carpet, vinyl & laminate (50% of floors)listing

    $4,700 new × 40% good × 3.02 allocation

    $5,700
  • Kitchen & laundry equipment plumbingdefault

    $7,000 new × 40% good × 3.02 allocation

    $8,500
  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 40% good × 3.02 allocation

    $5,100
  • Appliances (range, microwave, dishwasher, disposal, refrigerator)listing

    $6,100 new × 40% good × 3.02 allocation

    $7,400
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 3.02 allocation

    $10,900
  • Furniture conveyed with the sale (used)listing

    $16,000 new × 40% good · out of the price

    $6,400
  • Game-room equipment (used)listing

    $6,000 new × 40% good · out of the price

    $2,400
15-year land improvements$36,900
  • Paving: driveway & walks (paved)listing

    $7,900 new × 50% good × 3.02 allocation

    $12,000
  • Landscaping (typical)default

    $7,600 new × 50% good × 3.02 allocation

    $11,500
  • Patiosdefault

    $1,400 new × 50% good × 3.02 allocation

    $2,200
  • Decks & porches (attached)default

    $1,400 new × 50% good × 3.02 allocation

    $2,200
  • Fencinglisting

    $6,000 new × 50% good × 3.02 allocation

    $9,100
Building, 39-year$259,400
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $158,500 new × 40% good × 3.02 allocation

    $191,600
  • Building plumbing & fixturesdefault

    $16,400 new × 40% good × 3.02 allocation

    $19,800
  • Building electrical & lightingdefault

    $15,800 new × 40% good × 3.02 allocation

    $19,100
  • HVACdefault

    $16,500 new × 40% good × 3.02 allocation

    $19,900
  • Hardwood & tile floorsdefault

    $4,700 new × 40% good × 3.02 allocation

    $5,700
  • Fireplacelisting

    $2,600 new × 40% good × 3.02 allocation

    $3,200

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$77,400$36,900$800$115,200
2$0$0$6,700$6,700
3$0$0$6,700$6,700
4$0$0$6,700$6,700
5$0$0$6,700$6,700
6+$0$0$231,900$231,900
Total$77,400$36,900$259,400$373,700

The building's share of the price ($365,000) is 3.0x our depreciated replacement cost of the home ($121,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.

Model-based estimate, not an engineered cost segregation study. The IRS doesn’t approve studies; get a professional study before filing. Using these losses against W-2 income needs the short-term rental exception (average stay ≤7 days + material participation). The 39-year building life applies because stays average under 30 days, a separate test (27.5 years for a long-term rental). Federal only: California and Georgia disallow bonus depreciation, Ohio adds back 5/6 of it, and Tennessee has no personal income tax. Not tax advice.

Market note

Big Bear Lake (city) and unincorporated county areas both allow permitted short-term rentals, and we found no numeric permit cap in either. Permits/licenses generally do NOT transfer on sale — a buyer must apply for their own, so confirm permit status with the city or San Bernardino County before closing. City: vacation rental license, up to 3 per owner. County: 1 permit per parcel under 2 acres, 2 max per owner. Lodging tax ~13% in the city, ~7% county. Rules change; verify before you buy.