23854 Lake Drive

23854 Lake Drive

Crestline, CA 92325

$650,000
Price
—
Beds
3,150 Sq. Ft.
$206 / Sq. Ft.
3,150
Sq. Ft.
$206
per Sq. Ft.

Description

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...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!
  1. Listed by VIRGINIA PALENO • DRE #01228469 • Brokerage DRE #02091630 • CAPRE • 909-273-7511

Property Details for 23854 Lake Drive

Parking Spaces Total
6
Lot Size Source
Assessor
Building Area Total
3150
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
0338132310000
Area
Crestline Area (286)

Location

Listing Courtesy of CAPRE, VIRGINIA PALENO, DRE #01228469
Add your commute
LISTING UPDATED: 05/02/2024 06:16 AM

Property Details for 23854 Lake Drive

StatusActive
MLS #EV23187635
Days on Market208
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1935
Lot Size0.22 AC / 9,700 SF
CountySan Bernardino County

Location

Listing Courtesy of CAPRE, VIRGINIA PALENO, DRE #01228469
Add your commute

Building Information for 23854 Lake Drive

Stories2Residences-Year Built1935Lot Size0.22 AC / 9,700 SF

Payment Calculator

$3,869 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$322

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 23854 Lake Drive

Income / Expense / Tax Details
Income Details
  • Current Financing: None
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Washer Hookup
Exterior Features
  • Construction Materials: Wood Siding
  • Fence: Yes
  • Fencing: Block, Wood
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Lot 6500-9999
  • Land Use: Multi-Family
  • Land Lease: No
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 6
Property / Structure Info
  • Building Status: Under Construction
  • Asset Class: Hotel/Motel, Multi-Family

Property History for 23854 Lake Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 23854 Lake Drive

Taxable ValueLand$92,925Additions$214,554Total$307,479
Tax Record2023$3,870 ($322 / month)
Home Facts
Total Finished SqFt3,150 SqFtAbove Grade Finished SqFt3,150 SqFtLot Size9,700 SqFtStyleHotel / MotelYear Built1935CountySAN BERNARDINOAPN0338-132-31-0000

Schools near 23854 Lake Drive

This home is within Rim Of The World Unified School District.
Rating
School
Type
Grades
Distance
Valley Of Enchantment Elementary School
Public - K to 5
Mary P. Henck Intermediate School
Public - 6 to 8
Rim Of The World Senior High School
Public - 9 to 12
Mountain High School
Public - 9 to 12
Rating
School
Distance
Valley Of Enchantment Elementary School
PublicK to 5

Mary P. Henck Intermediate School
Public6 to 8

Rim Of The World Senior High School
Public9 to 12

Mountain High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 23854 Lake Drive, Crestline, CA 92325

23854 Lake Drive is a mixed use property for sale in Crestline, CA 92325. This property was listed for sale on October 7, 2023 by CAPRE, it's currently listed at $650,000. It has been on the market for a total of 208 days and was last sold on May 10, 2004. This listing's school district is Rim Of The World Unified School District. Nearby schools include Valley Of Enchantment Elementary School, Mary P. Henck Intermediate School and Rim Of The World Senior High School. 23854 Lake Drive is a 0-bed, 0-bath, 3,150 sqft mixed use property built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CAPRE, VIRGINIA PALENO, DRE #01228469

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.