$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
Active
23854 Lake Drive Crestline, CA 92325
UPDATED:
10/03/2024 12:30 AM
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! Great Income Potential! 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
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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