23854 Lake Drive Pending Save Request In-Person Tour Request Virtual Tour
Crestline,CA 92325
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Pending
Purchase Type For Sale
Square Footage 3,150 sqft
Price per Sqft $166
Subdivision Crestline
MLS Listing ID EV-24118196
Year Built 1935
Lot Size 9,700 Sqft
Property Sub-Type Commercial/Residential
Property Description
BACK UP OFFERS OK. 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 missing, and there are ceiling holes due to firefighting efforts. The front manager's unit, also under renovation, needs completion, and a repair permit is essential for its finalization and the four-plex's restoration. Previously featuring a swimming pool, the property now boasts a spacious open patio at the front, ideal for social events. The motel has never been fully rented out, having been under renovation for years before the fire, thus lacking a history of income.
Location
State CA
County San Bernardino
Area 286 - Crestline Area
Zoning CF/CG-SCP
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type Fire Pit,Living Room
Laundry None
Exterior
Parking Features Gated
Pool None
Community Features Biking,BLM/National Forest,Dog Park,Fishing,Hiking,Lake,Mountainous,Park
Utilities Available Sewer Connected,Cable Available,Electricity Connected,Natural Gas Available
View Y/N Yes
Building
Lot Description Lot 6500-9999,Rectangular Lot
Sewer Sewer Paid