Crestline, CA 92325,23854 Lake Drive
Crestline, CA 92325,23854 Lake Drive
Crestline, CA 92325,23854 Lake Drive
Crestline, CA 92325,23854 Lake Drive
Crestline, CA 92325,23854 Lake Drive
Crestline, CA 92325,23854 Lake Drive
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Listed by VIRGINIA PALENO • Hallam Homes
$ 575,000
Est. payment | /mo

3,150 SqFt


Save
$ 575,000
Est. payment | /mo
Save

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

Bay East AOR and Contra Costa AOR

GET MORE INFORMATION

Vander Meulen Real Estate Group

Broker, REALTOR® | Lic# 00842213 | Lic# 02150745

+1(925) 798-4663

800 S Broadway, Walnut Creek, CA, 94596, USA

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23854 Lake Drive