Great income potential! 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. Tourist attractions include Lake Gregory Recreation, Hiking, water sports, parks, shopping and close to other mountain resorts and attractions. Now are five units but were 9 units before the fire. Original construction 1935. 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. All have kitchens (unfinished) and 3/4 baths. 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!
Discover an extraordinary opportunity to own your own fully renovated mountain retreat, uniquely designed to accommodate multiple households. This modern cabin, transformed into two separate units with the potential for a third, features brand-new kitchens, rejuvenated bathrooms, and bedrooms. Step onto the meticulously renovated deck for moments of serene contemplation and relaxation. Both interior and exterior have been lavishly painted, enhancing the property's appeal. This cabin serves as a lucrative investment, effortlessly generating income as a vacation rental, potentially covering mortgage expenses. Visualize adding a staircase for access to a potential third floor, enhancing the property's versatility. Premium cabinets, countertops, and a cozy fireplace adorn the interiors, complemented by new flooring. Situated on a sprawling lot, this cabin seamlessly blends historic charm with modern comforts. Just a five-minute stroll from Lake Gregory, it offers the joys of fishing and boating. Nestled in a secure neighborhood, it provides peace of mind and a sense of community. Don't miss the chance to own this unique sanctuary, where nature's rhythms harmonize with the comforts of home!
Welcome to Crestline! Right as you enter the city of Crestline off of HWY 138, and only a few minutes from Lake Gregory, Tudor Pines is a terrific opportunity to make passive income! With its cozy, charming, and cottage appearance, the opportunities are endless to make money on this mountain property! Tudor Pines contains 17 units that range from 1 bed/1 bath to 2 beds/2 baths. The property consists of 4 buildings with occupied units, a laundry room, and a common courtyard. Very close to shopping, entertainment, and dining!
Welcome to Crestline! Invest in a property that contains 3 rental units! Two units have 2 bedrooms and 1.5 bathrooms, and one unit has 2 bedrooms and 1 bathroom. Two units have single-car garages, as well as private patios! All offers are welcome!
Crestline is located in California. Crestline, California has a population of 9,581. Crestline is less family-centric than the surrounding county with 24.3% of the households containing married families with children. The county average for households married with children is 35.18%.
The median household income in Crestline, California is $56,692. The median household income for the surrounding county is $57,156 compared to the national median of $57,652. The median age of people living in Crestline is 44.7 years.
The average high temperature in July is 80.9 degrees, with an average low temperature in January of 29.7 degrees. The average rainfall is approximately 18.6 inches per year, with 26.3 inches of snow per year.
