$ 575,000
23854 Lake Drive Crestline, CA 92325
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Listed by VIRGINIA PALENO • Hallam Homes
$ 575,000
Est. payment | /mo
3,150 SqFt
$ 575,000
Est. payment | /mo
3,150 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,150 sqft
Price per Sqft $182
MLS Listing ID CREV24118196
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1935
Lot Size 9,700 Sqft
Property Description
Price Reduction with Significant Income Potential! Investors and contractors seeking an income property will find a promising MOTEL opportunity in the heart of downtown Crestline. This property is conveniently located near Lake Gregory, with easy access to shopping, dining, local bus stops, postal services, and banks. The area is a tourist magnet, offering attractions such as Lake Gregory Recreation, hiking trails, water sports, parks, and is close to other mountain resorts. The property currently comprises five units, reduced from nine due to a fire. Built in 1935, it features a partially completed 4-unit building, an unfinished manager’s unit with a fireplace, and a fire-damaged 4-plex. Each unit has an unfinished kitchen and a 3/4 bath. Spanning from street to street, the property provides dual access, including level access from the rear, and encompasses two adjoining lots totaling around 9,700 square feet. Post-fire, the demolition permit for the damaged four-plex will expire in September 2024, leaving five units available for rental income. The salvageable rear building requires floor framing repairs, smoke damage remediation, and siding fixes. Installation of stoves and gas heaters is pending, along with necessary roofing and siding repairs. Some windows are broken or mi
Location
State CA
County San Bernardino
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Laundry No Hookups
Exterior
View Other
Building
Lot Description Other
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767