22838 Waters, Crestline, California 92325, Crestline, 92325 - 1 bed, 1 bath
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Crestline, California 92325
This Vintage Mountain Cabin is a stable Residential Asset listed at $249,000—positioned below the $251,596 Fair Market Value by 1%. This valuation offers $2,596 in Instant Equity for a property with a Condition Rating of 4. The home features Proven Rental Income as a successful short-term rental, supported by an updated kitchen and a functional rear deck on a rare level lot. Located within the Rim of the World district, this turnkey-ready cabin is a strategic choice for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22838 Waters Subject | $249,000* List Price | 1 | 1 | 680 | $370 | - |
A 23354 Crest Forest Drive Pending | $210,000 List Price | 2 | 2 | 790 | $266 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, this cabin is functional and currently used as a rental, but remains significantly dated. While the kitchen features newer appliances, the cabinetry, laminate countertops, and bathroom fixtures appear to be over 20-30 years old. The presence of a floor/wall heater suggests an older HVAC system, and the overall interior finishes require modernization to meet current standards.
The property has a documented history as a successful short-term rental, offering an attractive turnkey opportunity for investors seeking immediate cash flow in a popular mountain destination.
Featuring a rare level yard area and a rear deck, the property provides usable outdoor living space that is highly coveted and difficult to find in steep mountain terrain.
The spacious kitchen is equipped with newer appliances, providing modern functionality and reducing immediate renovation costs while maintaining the cabin's vintage charm.
The upstairs sleeping area is a loft-style configuration without a permanent door, which may present privacy concerns for some occupants or guests.
At 680 square feet with parking for only 1-2 vehicles, the property's compact size may be restrictive for full-time residents or those hosting larger groups.
This is a cute vintage cabin featuring a cozy living room with a fireplace, a spacious kitchen with newer appliances, a dining area and a bathroom on the main level. There is a deck in the back of the house, and a level yard area. Upstairs is a spacious loft style bedroom with 2 sides. There is a doorway that could have a door installed for more privacy; one side has two twin beds, and the other side has a queen-sized bed. The home has been a successful STR. Parking is in front of the house, with room for 1-2 vehicles depending on the size.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 5.4 mi
Grades K-8 • 5.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 4% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 680 | 1,368 | 4% |
| Lot Size | 2,500 | 6,700 | 3% |
| Price | $249.0K | $360.0K | 11% |
| Price per sq ft | $366 | $268 | 88% |
| Built year | 1940 | 1964 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 210 | 1% |
Apr 16, 2026
$249,000
Initial Listing
Sep 11, 2009
$39,000
Public Record
Jan 18, 2006
$125,000
Public Record