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23854 Lake Drive, Crestline, CA 92325
$650,000
23854 Lake Drive, Crestline, CA 92325View this property at 23854 Lake Drive, Crestline, CA 92325
23854 Lake DriveCrestlineCA92325
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Property 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 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!
Full Property Details
Full Property Details for 23854 Lake Dr
General
- Price: $650,000
- Status: Active
- Type: Commercial
- MLS ID: EV23187635
- Updated: 5/2/2024
- Days on Market: 209 days
- Added to Site: 209 day(s) ago
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: Washer Hookup
Parking
- Uncovered Spaces: 6
Location
- County: San Bernardino
- Driving Directions: Lake Drive downtown Crestline between the California Bank and the Barber Shop
Utilities
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected
Structural Information
- Construction: Wood Siding
- Entry Floor Number: 1
- Stories/Levels: 2
- Building Size: 3150
- Square Feet: 3,150
- Year Built: 1935
Lot Features
- Lot Size (Acres): 0.2227
- Useable Acres: .2227
- Lot Size (Sq. Ft.): 9,700
- Lot Size Source: Assessor
- Fence: Yes
- Lot Features: Lot 6500-9999
- Lot Description: Lot 6500-9999
- Fencing (Description): Block, Wood
Financial Considerations
- Price Per Sq. Ft.: $206
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Property ID: 338132310000
Listed by Capre, VIRGINIAPALENO
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Schools
Schools serving 23854 Lake Dr
School District:Rim Of The World Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
22836 Fir Ln, Crestline, CA 92325 | K-5 | 1.3 mi | |
730 Rhine Road, Lk Arrowhead, CA 92352 | 6-8 | 4.2 mi | |
27400 Highway 18, Lk Arrowhead, CA 92352 | 9-12 | 4.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 23854 Lake Dr
Date
Details
Price
Change
Source
11/30/2023
Price Reduced
$650,000
-18.75%
MLS
10/07/2023
Listed
$800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 23854 Lake Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,870
3%
$307,479
2%
2022
$3,774
1%
$301,450
2%
2021
$3,743
1%
$295,540
1%
2020
$3,722
3%
$292,509
2%
2019
$3,628
4%
$286,774
2%
2018
$3,490
2%
$281,151
2%
2017
$3,427
3%
$275,638
2%
2016
$3,322
-3%
$270,234
2%
2015
$3,421
2%
$266,175
2%
2014
$3,368
2%
$260,961
—
2013
$3,316
—
$259,782
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 23854 Lake Dr
23854 Lake Drive, Crestline, CA 92325 (MLS# EV23187635) is a Commercial property. 23854 Lake Drive is currently listed for $650,000 and was received on October 07, 2023. Want to learn more about 23854 Lake Drive? Do you have questions about finding other Commercial real estate for sale in Crestline? You can browse all Crestline real estate or contact a Coldwell Banker agent to request more information.