Active
23854 Lake Drive
Crestline CA, 92325
$650,000
$206.35 per sqft
Active
3,150 sqft
Commercial
Built in 1935
Listed by VIRGINIA PALENO with CAPRE 909-337-6111
MOTEL Opportunity for the investor or contractor who wants income property in fantastic downtown Crestline, just minutes to Lake Gregory and all the shopping, restaurants, local bus stops, postal service, and banking. County records have five units but was 9 units before the fire. There is both 4-Plex and 4 room building, plus manager's unit in front. Property runs street to street, so it has dual access. Situated on two adjoining lots of land with a total square footage of about 9,700. It underwent a fire after being renovated. Owner is considering demolition of the burned four-plex, which would leave the remaining 5 units for rental income. The right rear building is salvageable. It will need some repair to the floor framing and the smoke damaged walls need to be repainted. Some of the roof and siding needs to be re-done. There are a few holes inside where the firemen opened up the ceilings. The managers unit in the front was under renovation needs to be finished; a repair permit needs to be pulled to finish the Manager's unit and to fix the Four-Plex. There used to be a swimming pool but was buried and covered in concrete in the large patio toward the front. The motel was never rented out fully and was under renovation for a several years prior to the fire, so there is no history of income. Consider the potential income!
EV23187635
MLSⓇ ID
October 7, 2023
Listed
April 4, 2024
Updated
Map
23854 Lake Drive
Crestline CA, 92325
Interior Features
Total Stories
2
Laundry Description
Washer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.22 Acres
Other Property Details
Area Name
286 - Crestline Area
Days on Market
179
Garage
No
Parking Total
6
View
No
County
San Bernardino
Water Source
Public
Pool
No
Buyer Agency Compensation
3%
Listing History
Date | Event | Price |
---|---|---|
11/30/2023 | Price Change | $650,000 -19% |
Listing Contact: 909-337-6111
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Data last updated on 4/4/2024 at 1:39 AM UTC