$ 575,000
23854 Lake DR Crestline, CA 92325
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 575,000
Est. payment /mo
Active
23854 Lake DR Crestline, CA 92325
9,700 Sqft Lot
UPDATED:
11/15/2024 07:52 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CREV24118196
Originating Board California Regional MLS
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 m
Location
State CA
County San Bernardino
Area 286 - Crestline Area
Rooms
Kitchen Oven Range - Gas, Oven - Gas
Interior
Heating Gas, Wall Furnace
Cooling None
Laundry None
Exterior
Pool 31, None
View Local/Neighborhood
Building
Sewer Sewer Available
Water District - Public
Others
Tax ID 0338132310000
Special Listing Condition Not Applicable
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Listed by VIRGINIA PALENO • Hallam Homes