| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 43rd | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 798 Pine Knot Blvd, Big Bear Lake, CA, 92315, US |
| Region / Metro | Big Bear Lake |
| Year of Construction | 2000 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
798 Pine Knot Blvd Big Bear Lake Multifamily Investment
Built in 2000, this 51-unit asset is competitively positioned against older neighborhood stock, with strong dining and park access supporting renter appeal, according to WDSuite’s CRE market data.
Location dynamics favor day-to-day livability: neighborhood dining density sits in the top quartile nationally and park access is also strong, while grocery options rank above many areas across the country. These amenities support leasing and retention even as the immediate area is predominantly owner-occupied.
The property’s 2000 vintage is newer than the neighborhood’s average construction year of 1970, offering relative competitiveness versus older local stock; investors should still plan for targeted modernization and system updates typical for assets of this age.
Tenure conditions indicate a modest renter-occupied share at the neighborhood level, suggesting limited competing rental supply. Within a 3-mile radius, demographics show rising household incomes and a projected increase in households, which points to a larger tenant base and potential support for occupancy stability over time.
Home values are elevated relative to incomes locally, placing the area among higher-cost ownership markets nationally. For multifamily investors, this context can reinforce reliance on rental housing and support pricing power, while a mid-range rent-to-income profile suggests balanced affordability and manageable lease management considerations.
School ratings in the area trend below many U.S. neighborhoods, which is a consideration for family-oriented demand. Still, the amenity mix and access to recreation can help attract renters prioritizing lifestyle and proximity to services.
Neighborhood safety metrics track near the metro middle for the Riverside–San Bernardino–Ontario region, based on WDSuite data. Nationally, indicators are around the mid-range percentiles, signaling conditions broadly comparable to many U.S. neighborhoods.
Trend-wise, estimated property offense rates have improved year over year, which is constructive from a risk perspective. As always, investors should pair neighborhood-level trends with property-specific security measures and management practices.
The broader labor base includes corporate offices within commuting range that can support renter demand through regional employment depth, notably energy infrastructure and packaged foods employers listed below.
- Kinder Morgan — energy infrastructure (29.0 miles)
- General Mills — packaged foods corporate offices (32.8 miles)
- General Mills — packaged foods corporate offices (38.6 miles)
This 51-unit property combines a newer-than-area vintage (2000) with strong lifestyle amenities that tend to support leasing: restaurants and parks score well on national comparisons, and grocery access is solid. Elevated ownership costs in the area point to a high-cost ownership market, which can sustain rental demand and modest pricing power, while a balanced rent-to-income backdrop supports retention. According to CRE market data from WDSuite, the immediate neighborhood skews owner-heavy, so existing rental supply is limited—an environment where a professionally managed asset can capture demand from renters seeking convenience and recreation access.
Forward-looking 3-mile demographics show rising household incomes and an increase in households, implying a larger renter pool and support for occupancy stability. Investors should plan for targeted capital projects typical for a 2000-vintage asset and monitor family-oriented demand given softer school ratings, but the combination of amenity access, high-cost ownership context, and regional employment depth offers a durable thesis.
- Newer-than-neighborhood vintage (2000) provides competitive positioning against older local stock
- Strong dining, parks, and grocery access support leasing and retention
- High-cost ownership market supports rental demand and measured pricing power
- 3-mile outlook shows rising incomes and more households, expanding the tenant base
- Risks: owner-heavy neighborhood limits immediate renter depth; below-average school ratings warrant targeted marketing and amenities