Courtesy: KELLER WILLIAMS REALTY
Located in the San Bernardino Mountains between Lake Arrowhead and Big Bear, this property is licensed and registered as MOTEL in the County of San Bernardino however, operates as multi-family. Units mostly consist of individual 1 bedroom/1 bathroom cabins and are all units are currently rented month-to-month. Originally building in the 1940’s this motel consists of 1 main house with 3 bedroom and 2.5 bathrooms, there is an attached office and 2 attached studio units, plus 5 stand-alone cabins. For additional revenue, there is a coin-op laundry on site. This sits on a large street-to-street property with room for expansion. All units are well maintained with updates and are currently rented and property is professionally managed. Live in the main house and enjoy the revenue from the units to cover your living expenses or operate as a nightly motel. Great Cash Flow - Lots of potential.
Running Springs is located in California. Running Springs, California has a population of 3,998. Running Springs is less family-centric than the surrounding county with 31.4% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Running Springs, California is $75,682. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Running Springs is 42.2 years.
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 29.3 degrees. The average rainfall is approximately 34.9 inches per year, with 32.8 inches of snow per year.
