38695 Big Bear Blvd
Big Bear Lake, CA 92315
$369,000
2 bd · 1 ba · Listed 1d ago
View on Realtor.com →Year built
1973
Sqft
—
Lot sqft
9,700
HOA / mo
None
Furnished
No
List date
2026-10-14T23:44:36.000000Z
Revenue
Annual revenue
$32,298
ADR
$318
Occupancy
28%
Cleaning fees (12 mo)
$5,121
Confidence
Low (35.82), 47 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $24,456
Castle Rock Cabin #178
Vacation home · 2 bd · 1 ba · sleeps 4 · 190 ft
Revenue $70,664ADR $763Occ ≈ 25%—
Castle Rock Cabin #1 ~ Comfortable cabin with modern amenities and deck - near hiking and lake
Vacation home · 2 bd · 2 ba · sleeps 4 · 190 ft
Revenue $62,273ADR $771Occ ≈ 22%4.5★ (1)
Fall is here! Family time with Lake, Kayaking, BBQ
Cabin · 2 bd · 1 ba · sleeps 5 · 427 ft
Revenue $873ADR $291Occ ≈ 1%4.8★ (9)
Round Rock Lodge at Big Bear | Boulder Bay Modern Retreat w/ Pool Table | Minutes to Activities
Vacation home · 2 bd · 2 ba · sleeps 8 · 449 ft
Revenue $45,008ADR $623Occ ≈ 20%—
Cozy Cabin by Boulder Bay
Cabin · 2 bd · 2 ba · sleeps 4 · 0.1 mi
Revenue $7,509ADR $176Occ ≈ 12%4.6★ (5)
Delisted
Boulder Bay Nest
House · 2 bd · 1 ba · sleeps 5 · 0.1 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +2
Revenue $2,719ADR $170Occ ≈ 4%4★ (4)
1940's Original Lakeside Vintage Cabin ON the Lake
Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +2
Revenue $57,075ADR $173Occ ≈ 90%5★ (385)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Castle Rock Cabin #1 | Walk to Trail + Lake Cabin
| 2 bd · 1.5 ba · sleeps 4 | $19,979 | $494 | 11% | 3.8★ (8) | 177 ft | AirbnbVrboBooking |
Castle Rock Cabin #178 Vacation home | 2 bd · 1 ba · sleeps 4 | $70,664 | $763 | 25% | — | 190 ft | Booking |
Castle Rock Cabin #1 ~ Comfortable cabin with modern amenities and deck - near hiking and lake Vacation home | 2 bd · 2 ba · sleeps 4 | $62,273 | $771 | 22% | 4.5★ (1) | 190 ft | Booking |
Fall is here! Family time with Lake, Kayaking, BBQ Cabin | 2 bd · 1 ba · sleeps 5 | $873 | $291 | 1% | 4.8★ (9) | 427 ft | Airbnb |
Round Rock Lodge at Big Bear | Boulder Bay Modern Retreat w/ Pool Table | Minutes to Activities Vacation home | 2 bd · 2 ba · sleeps 8 | $45,008 | $623 | 20% | — | 449 ft | Booking |
Cozy Cabin by Boulder Bay Cabin | 2 bd · 2 ba · sleeps 4 | $7,509 | $176 | 12% | 4.6★ (5) | 0.1 mi | Delisted |
Boulder Bay Nest House
| 2 bd · 1 ba · sleeps 5 | $2,719 | $170 | 4% | 4★ (4) | 0.1 mi | Airbnb |
Heavenly Bay Retreat | Hot Tub, Lake View & Games! Cabin | 2 bd · 2 ba · sleeps 7 | $479 | $239 | 1% | 5★ (1) | 0.1 mi | AirbnbVrbo |
Close to Lake! Game Room! Hot Tub! Lake Views! House
| 2 bd · 2 ba · sleeps 7 | $60,178 | $353 | 47% | 4.8★ (144) | 0.2 mi | AirbnbVrbo |
1940's Original Lakeside Vintage Cabin ON the Lake Cabin
| 2 bd · 1 ba · sleeps 4 | $57,075 | $173 | 90% | 5★ (385) | 0.2 mi | Airbnb |
Show 37 more
Home in big bear Lake just top floor
House · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi
Revenue $6,738ADR $243Occ ≈ 8%4.5★ (2)
Delisted
*Cove Lakeview*Boulder Bay Chalet*Views*Hiking*
Cabin · 2 bd · 1.5 ba · sleeps 8 · 0.2 mi
Revenue $62,501ADR $535Occ ≈ 32%4.4★ (53)
Cove lakeview cabin #2064
Vacation home · 2 bd · 1 ba · sleeps 8 · 0.3 mi
Revenue $32,058ADR $346Occ ≈ 25%—
Bayview Cottage-Studio McGee inspired near lake
House · 2 bd · 1.5 ba · sleeps 6 · 0.5 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $46,694ADR $289Occ ≈ 44%5★ (76)
Blissful Bay Cabin
Vacation home · 2 bd · 2 ba · sleeps 4 · 0.5 mi
Revenue $26,613ADR $257Occ ≈ 28%5★ (2)
Lakeside Escape Condo - 2BR/2BA/Walk to Lake
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.5 mi
Revenue $24,787ADR $277Occ ≈ 25%4★ (1)
Three Bear Cabin
Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.5 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +3
Revenue $39,159ADR $219Occ ≈ 49%5★ (122)
Modern Farmhouse Condo steps from Lake | Jacuzzi
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Pool
- Free parking
- Pets OK
- Wifi
- +4
Revenue $28,029ADR $202Occ ≈ 38%4.9★ (377)
Lakeside Condo 2B/2B - Jacuzzi, 3mi to slopes
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- Pool
- Free parking
- Pets OK
- +5
Revenue $22,034ADR $221Occ ≈ 27%4.9★ (388)
Blue Jay Getaway Lakeside Boulder Bay Townhouse
Apartment · 2 bd · 2 ba · sleeps 4 · 0.6 mi
Revenue $11,621ADR $553Occ ≈ 6%—
Casita Condo | Jacuzzi | 3mi to slopes
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- Pool
- Free parking
- Pets OK
- +5
Revenue $33,067ADR $214Occ ≈ 42%5★ (202)
Boulder Bay Getaway
Vacation home · 2 bd · 1 ba · sleeps 5 · 0.6 mi
Revenue $39,784ADR $234Occ ≈ 47%4★ (1)
Lakeside Lumberjack Lodge - Condo *Pool/Jacuzzi*
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- Pool
- Free parking
- Pets OK
- +5
Revenue $27,052ADR $168Occ ≈ 44%4.9★ (233)
Bearadise condo/free EV charge/lake beach/pool/spa
Apartment · 2 bd · 2 ba · sleeps 4 · 0.6 mi
Revenue $30,545ADR $184Occ ≈ 45%5★ (42)
Delisted
Retro Mountain Condo w/ Lake Views & Pool
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.6 mi
Revenue $34,161ADR $165Occ ≈ 57%4.5★ (4)
Delisted
The Cozy Cottage Condo - Jacuzzi/3mi to slopes
Condominium (condo) · 2 bd · 2 ba · sleeps 4 · 0.6 mi
- Hot tub
- Pool
- Free parking
- Pets OK
- +5
Revenue $24,204ADR $243Occ ≈ 27%4.9★ (216)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Home in big bear Lake just top floor House | 2 bd · 1.5 ba · sleeps 6 | $6,738 | $243 | 8% | 4.5★ (2) | 0.2 mi | Delisted |
*Cove Lakeview*Boulder Bay Chalet*Views*Hiking* Cabin | 2 bd · 1.5 ba · sleeps 8 | $62,501 | $535 | 32% | 4.4★ (53) | 0.2 mi | Airbnb |
Cove lakeview cabin #2064 Vacation home | 2 bd · 1 ba · sleeps 8 | $32,058 | $346 | 25% | — | 0.3 mi | Booking |
Relaxing Cabin Steps from Lake & Trails Cabin
| 2 bd · 1.5 ba · sleeps 4 | $24,036 | $214 | 31% | 4.2★ (14) | 0.3 mi | AirbnbVrboBooking |
Bayview Cottage-Studio McGee inspired near lake House
| 2 bd · 1.5 ba · sleeps 6 | $46,694 | $289 | 44% | 5★ (76) | 0.5 mi | Airbnb |
Lake View+Game Room! Fire Pit! Walk to Boulder Bay Cabin
| 2 bd · 2 ba · sleeps 6 | $21,624 | $415 | 14% | 5★ (8) | 0.5 mi | AirbnbVrboBooking |
Boulder Bay Fun Retreat, Steps to the Lake & SPA Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $27,634 | $178 | 43% | 4.9★ (135) | 0.5 mi | AirbnbVrbo |
Walk to Boulder Bay | Cozy Fireplace Condo Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $3,534 | $228 | 4% | 3.7★ (6) | 0.5 mi | AirbnbVrboBooking |
Blissful Bay Cabin Vacation home | 2 bd · 2 ba · sleeps 4 | $26,613 | $257 | 28% | 5★ (2) | 0.5 mi | Booking |
2BR Blissful Lake View Cabin - Block 2 Boulder Bay Cabin
| 2 bd · 2 ba · sleeps 4 | $24,456 | $230 | 29% | 5★ (32) | 0.5 mi | AirbnbVrbo |
Lakeside Escape Condo - 2BR/2BA/Walk to Lake Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $24,787 | $277 | 25% | 4★ (1) | 0.5 mi | Booking |
Kayakers Paradise Boulder Bay Condo -Steps to Lake Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $36,946 | $199 | 51% | 5★ (3) | 0.5 mi | AirbnbBooking |
Three Bear Cabin Cabin
| 2 bd · 1.5 ba · sleeps 4 | $39,159 | $219 | 49% | 5★ (122) | 0.5 mi | Airbnb |
Family Condo by the Lake · Pool & Spa · Sleeps 5 Condominium (condo)
| 2 bd · 2 ba · sleeps 5 | $26,789 | $189 | 39% | 4.8★ (343) | 0.6 mi | AirbnbVrbo |
 Modern Farmhouse Condo steps from Lake | Jacuzzi Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $28,029 | $202 | 38% | 4.9★ (377) | 0.6 mi | Airbnb |
Lakeside Condo 2B/2B - Jacuzzi, 3mi to slopes Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $22,034 | $221 | 27% | 4.9★ (388) | 0.6 mi | Airbnb |
Lake View Condo | Pool + Walk to Boulder Bay Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $16,933 | $259 | 18% | 4.2★ (8) | 0.6 mi | AirbnbVrboBooking |
Little Boulder Lakehouse Cabin
| 2 bd · 1 ba · sleeps 5 | $52,540 | $226 | 64% | 5★ (266) | 0.6 mi | AirbnbVrbo |
Blue Jay Getaway Lakeside Boulder Bay Townhouse Apartment | 2 bd · 2 ba · sleeps 4 | $11,621 | $553 | 6% | — | 0.6 mi | Booking |
Fenced Yard + Fire Pit | Pet-Friendly Cabin
| 2 bd · 1.5 ba · sleeps 6 | $18,884 | $224 | 23% | 4.7★ (26) | 0.6 mi | AirbnbVrboBooking |
Casita Condo | Jacuzzi | 3mi to slopes Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $33,067 | $214 | 42% | 5★ (202) | 0.6 mi | Airbnb |
Boulder Bay Getaway Vacation home | 2 bd · 1 ba · sleeps 5 | $39,784 | $234 | 47% | 4★ (1) | 0.6 mi | Booking |
Charming Condo W/ Pool, Hot Tub & Pet Friendly Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $20,671 | $242 | 23% | 4.8★ (51) | 0.6 mi | AirbnbVrboBooking |
2 Bedroom Cndo Big Bear Lake Boulder Bay 2ba 大雄湖月租 Condominium (condo)
| 2 bd · 2 ba · sleeps 5 | $12,619 | $62 | 56% | 4.8★ (99) | 0.6 mi | AirbnbVrbo |
Steps to Boulder Bay | Pool, Hot Tub + 2 Suites Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $24,471 | $233 | 29% | 4.9★ (53) | 0.6 mi | AirbnbVrbo |
Boulder Bay Mountain View Getaway, Large Deck & AC Cabin
| 2 bd · 1 ba · sleeps 5 | $28,484 | $191 | 41% | 5★ (85) | 0.6 mi | AirbnbVrbo |
Lakeside Lumberjack Lodge - Condo *Pool/Jacuzzi* Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $27,052 | $168 | 44% | 4.9★ (233) | 0.6 mi | Airbnb |
Steps to Boulder Bay & 4.3 miles to Snow Summit Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $23,057 | $206 | 31% | 5★ (29) | 0.6 mi | AirbnbVrbo |
Lakeside Haven: Walk to Park w/ Pool & Hot Tub Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $9,364 | $155 | 17% | 4.5★ (23) | 0.6 mi | AirbnbVrboBooking |
Blue Jay Lakeside Condo*Pool & Spa*Walk to Lake* Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $10,842 | $264 | 11% | 4★ (24) | 0.6 mi | AirbnbVrboBooking |
Walk to Lake · Pool & Spa · 2BR/2BA · Arcade Game Condominium (condo)
| 2 bd · 2 ba · sleeps 5 | $22,937 | $218 | 29% | 4.8★ (237) | 0.6 mi | AirbnbVrbo |
Bearadise condo/free EV charge/lake beach/pool/spa Apartment | 2 bd · 2 ba · sleeps 4 | $30,545 | $184 | 45% | 5★ (42) | 0.6 mi | Delisted |
Retro Mountain Condo w/ Lake Views & Pool Condominium (condo) | 2 bd · 2 ba · sleeps 4 | $34,161 | $165 | 57% | 4.5★ (4) | 0.6 mi | Delisted |
Lakefront Complex + Heated Pool + Walk to Lake Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $9,289 | $290 | 9% | 4.7★ (24) | 0.6 mi | AirbnbVrboBooking |
The Cozy Cottage Condo - Jacuzzi/3mi to slopes Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $24,204 | $243 | 27% | 4.9★ (216) | 0.6 mi | Airbnb |
Lakeside Gem: Walk to Park w/ Hot Tub & Fireplace Condominium (condo)
| 2 bd · 2 ba · sleeps 4 | $13,679 | $227 | 17% | 3.9★ (41) | 0.6 mi | AirbnbVrboBooking |
Fenced Yard + Foosball + Walk to Lake Cabin
| 2 bd · 2 ba · sleeps 5 | $16,221 | $310 | 14% | 4★ (43) | 0.7 mi | 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
Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium
Est. revenue
$32,298
NOI
$13,114
Cash flow /mo
-$967
Cash needed
$123,010
Cash-on-cash
-9.4%
ROE (yr 1)
1.4%
Cap rate
3.6%
DSCR
0.53
Year-1 write-off
$79,696
Year-1 tax shield @ 32%
$25,503
Year-1 return on equity
- Cash flow (annual)-$11,603
- Principal paydown$2,244
- Appreciation at%$11,070
Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$6,460
- Platform fees (3% of revenue)$969
- Maintenance / capex (5% of revenue)$1,615
- Utilities & supplies$4,200
- HOA$0
- Property tax$4,613
- Insurance (STR-rated)$1,882
Cash needed to close
- Down payment (25%)$92,250
- Closing costs (4.0%)$14,760
- Furnishing (bought new)$16,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$25,503
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
$253,000
Short-life (5/15-yr)
$63,000 · 25%
Year-1 deduction
$80,000
Year-1 tax shield @ 32%
$26,000
Land 32% (county tax record, assessed value split) · building $189,000 over 39 years · new furniture $16,000
Based on: ~1,400 sq ft (from beds), built 1973, 2 bd / 1 ba, unfurnished, listing features (none cost-relevant).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $60,000 in year 1 (17% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $8,200
Kitchen cabinetsdefault
$8,900 new × 40% good × 2.32 allocation
- $6,700
Kitchen countertopsdefault
$7,300 new × 40% good × 2.32 allocation
- $2,300
Decorative trimdefault
$2,500 new × 40% good × 2.32 allocation
- $100
Mirrorsdefault
$200 new × 40% good × 2.32 allocation
- $800
Shelvingdefault
$900 new × 40% good × 2.32 allocation
- $3,200
Window coverings (14)default
$3,500 new × 40% good × 2.32 allocation
- $3,300
Carpet, vinyl & laminate (40% of floors)default
$3,600 new × 40% good × 2.32 allocation
- $6,400
Kitchen & laundry equipment plumbingdefault
$6,900 new × 40% good × 2.32 allocation
- $3,900
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 2.32 allocation
- $7,500
Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default
$8,100 new × 40% good × 2.32 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $9,000
Paving: driveway & walks (paved)default
$7,800 new × 50% good × 2.32 allocation
- $8,700
Landscaping (typical)default
$7,500 new × 50% good × 2.32 allocation
- $1,600
Patiosdefault
$1,400 new × 50% good × 2.32 allocation
- $1,600
Decks & porches (attached)default
$1,400 new × 50% good × 2.32 allocation
- $141,100
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$151,900 new × 40% good × 2.32 allocation
- $14,600
Building plumbing & fixturesdefault
$15,700 new × 40% good × 2.32 allocation
- $13,900
Building electrical & lightingdefault
$15,000 new × 40% good × 2.32 allocation
- $14,600
HVACdefault
$15,800 new × 40% good × 2.32 allocation
- $5,000
Hardwood & tile floorsdefault
$5,400 new × 40% good × 2.32 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $58,600 | $20,900 | $200 | $79,700 |
| 2 | $0 | $0 | $4,900 | $4,900 |
| 3 | $0 | $0 | $4,900 | $4,900 |
| 4 | $0 | $0 | $4,900 | $4,900 |
| 5 | $0 | $0 | $4,900 | $4,900 |
| 6+ | $0 | $0 | $169,700 | $169,700 |
| Total | $58,600 | $20,900 | $189,300 | $268,800 |
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, Georgia and Wisconsin 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.