Virginia Paleno
This listing was posted on RealtyWW.
$650,000
Home For Sale In Crestline, California
Price:
$650,000
Location:
23854 Lake Dr, Crestline, CA
Description:
MOTEL Opportunity for the investor or contractor who wants income property in fantastic downtown Crestline, close 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 a 4-unit building that needs finishing, manager's unit in front has a fireplace and needs to be finished and a burned 4-plex. Property runs street to street, so it has dual access and rear could provide level access. Situated on two adjoining lots of land with a total square footage of about 9, 700. It underwent a fire after being renovated. A demolition permit of the burned four-plex, expires September 2024, which would leave the remaining 5 units for rental income. Prior to demolition, consider rebuilding if current is allowed. The right rear building is salvageable but needs repair to the floor framing and the smoke damaged walls and siding. There are stoves and gas heaters that need to be installed. Some of the roof and siding needs to be re-done. There are some broken or missing windows. 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, is now a huge open patio toward the front, great for gatherings. 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! Check the google street view to appreciate the location in town!For more details: https://realtyww.info/homes_crestline-d525659/for-sale_i72863451
Property Type:
Single-Family Houses
Amenities:
Fireplace, Patio/Deck, Pool
Posted:
June 12 on RealtyWW
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More About this Listing: Home For Sale In Crestline, California
Home For Sale In Crestline, California is a Single-Family Homes for Sale at 23854 Lake Dr in Crestline CA. Find other listings like Home For Sale In Crestline, California and listings near 23854 Lake Dr by searching Oodle Classifieds for Single-Family Homes for Sale in Crestline CA.
Home For Sale In Crestline, California is a Single-Family Homes for Sale at 23854 Lake Dr in Crestline CA. Find other listings like Home For Sale In Crestline, California and listings near 23854 Lake Dr by searching Oodle Classifieds for Single-Family Homes for Sale in Crestline CA.