Company Logo
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Becky Campos
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(831) 444-8500
Mobile Phone:
(831) 818-7607
rcampos969@aol.com

DRE# #00575464
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FOR SALE
$650,000

23854 Lake Drive
Crestline, CA 92325

Mixed Use, Business Opportunities
Residence
3,150
Sqft
0.2227
Lot Size
Listing Agent: VIRGINIA PALENO CalDRE: 01228469 - CAPRE, 909-273-7511
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
Mixed Use, Business Opportunities, 2 Story
San Bernardino
1935
0.2227 Acres
Public
2
Wood
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Listing Agent: VIRGINIA PALENO CalDRE: 01228469 - CAPRE, 909-273-7511
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