129 Zermat Unit 1 & 2, Crestline, California 92325, Crestline, 92325 - 4 bed, 3 bath
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Crestline, California 92325
This Income-Generating Duplex is a High-Potential Investment Opportunity, listed at $399,900—positioned well below the $399,900 Fair Market Value. While the property is currently priced at market, its Fair Condition Rating and legal two-unit configuration offer immediate rental income potential. Featuring a remodeled kitchen, scenic deck views, and a versatile 4-bedroom layout, this asset allows for a "house hack" strategy to offset mortgage costs. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-producing property in the Rim of the World district.
Property is moderate renovation needed.
The property, built in 1979, presents a mixed condition due to its duplex nature. Unit 1 features a recently remodeled kitchen with modern appliances, butcher block countertops, and subway tile backsplash, along with a remodeled bathroom with contemporary fixtures and new flooring throughout. However, Unit 2 (ADU) has a functional but dated 'country kitchen' with older white appliances and laminate countertops, and a significantly outdated bathroom with tiled vanity and fixtures. While Unit 1 is in good condition, Unit 2 requires minor updates to meet current aesthetic standards, and the overall age of the property suggests major systems may be nearing the end of their lifespan, aligning with the 'Fair' category.
Legally permitted two-unit property offering significant income potential by living in one unit and renting the other, or renting both.
Described as 'super clean and ready to move in,' minimizing immediate renovation needs for the new owner.
Unit 1 features a remodeled kitchen with a gas stove and farm sink, a remodeled full bath, and new carpet/laminate flooring, enhancing its appeal.
Built in 1979, the property's age suggests that some major systems (e.g., HVAC, plumbing, electrical, roof) may be original or nearing the end of their lifespan, potentially requiring future capital expenditures.
The description does not mention a cooling system, which could be a comfort drawback for some buyers during warmer periods, even in a mountain climate.
As a two-unit property, it inherently requires more maintenance and management compared to a single-family home, potentially leading to higher ongoing costs and responsibilities for the owner.
LIVE IN ONE UNIT AND RENT THE OTHER. This San Moritz home has been split into two units with permits. It's super clean and ready to move in. Dual access from the front or back makes this the perfect 2-unit property. Unit one is the larger of the two, is has 2 bedrooms on the main level plus a large living room with real T & G ceiling and patio doors to take in the scenic view from the top deck. Plus, the remodeled U-Shaped kitchen with a gas stove. The farm sink has a large window making the kitchen light and bright. Also on the main level is a remodeled full bath. Downstairs is the primary bedroom. It could make an impressive private suite with separate sitting area and another bedroom. The 4th bedroom lends itself to being a home office or studio. The washer/ dryer is tucked just beside this room. Unit 1 has new carpet in the bedrooms and living area and laminate flooring in the kitchen. The ADU is best accessed from the lower driveway. It has a cute country kitchen, full bathroom and a separate sleeping area. The ADU has laminate flooring and tile in the bathroom. This property is priced to sell. Come take a look.
No exterior & parking available.
No sensitive facilities data found.
Mar 20, 2026
$399,900
$420,000
-5% Price Drop
Initial Listing
Jan 17, 2026
$420,000
Initial Listing
Sep 23, 2002
$150,000
Public Record