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 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/4/2024 at 1:39 AM UTC

 

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