REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

May

Fri

May

Sat

May

James Studnicka Jr.

jcsjr23@gmail.com +1(310) 994-6034

Listed by VIRGINIA PALENO • Hallam Homes

$ 525,000

Est. payment -/mo

Save

Pending

23854 Lake Drive Crestline, CA 92325

3,150 SqFt

UPDATED:

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

James Studnicka Jr.

Agent | License ID: 01467393

+1(310) 994-6034

James Studnicka Jr.

23854 Lake Drive Crestline, CA 92325

Key Details

Location

Interior

Exterior

Building

GET MORE INFORMATION

Go tour this home

23854 Lake Drive