23854 Lake DR Crestline, CA 92325
UPDATED:
10/02/2024 04:35 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Crestline (Cres)
MLS Listing ID EV24118196
HOA Y/N No
Year Built 1935
Lot Size 9,700 Sqft
Property Description
MOTEL Opportunity for investors or contractors seeking income property in fantastic downtown Crestline, close to Lake Gregory, shopping, restaurants, local bus stops, postal service, and banking. Tourist attractions include Lake Gregory Recreation, hiking, water sports, parks, shopping, and proximity to other mountain resorts and attractions.
Currently, there are five units, down from nine before the fire. Originally constructed in 1935, the property includes a 4-unit building needing finishing, a manager’s unit with a fireplace that also needs completion, and a burned 4-plex. All units have kitchens (unfinished) and 3/4 baths. The property spans street to street, offering dual access, with the rear providing level access. It sits on two adjoining lots totaling approximately 9,700 square feet.
After a fire during renovation, a demolition permit for the burned four-plex expires in September 2024, leaving five units for rental income. The right rear building is salvageable but requires repairs to the floor framing, smoke-damaged walls, and siding. Stoves and gas heaters need installation, and some roof and siding work is necessary. There are broken or missing windows and a few holes in the ceilings from firemen’s efforts. The manager’s unit in front, under renovation, needs finishing, and a repair permit is required to complete it and fix the four-plex.
The property once had a swimming pool, now a large open patio at the front, perfect for gatherings. The motel was never fully rented out and was under renovation for several years before the fire, so there is no income history. Consider the potential income! Check Google Street View to appreciate the location in town!
Location
State CA
County San Bernardino
Area 286 - Crestline Area
Zoning CF/CG-SCP
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplaces Type Living Room, Wood Burning
Fireplace Yes
Appliance Gas Oven, Gas Range
Laundry None
Exterior
Exterior Feature Fire Pit
Pool None
Community Features Biking, Dog Park, Fishing, Hiking, Lake, Mountainous, Near National Forest, Park
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected
View Y/N Yes
View Neighborhood
Accessibility None
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0338132310000
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard, Trust
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