23304 Crest Forest, Crestline, California 92325, Crestline, 92325 - 3 bed, 2 bath
ACTIVE$543,000$2,356/sqft
Est. Value: $485,896
-10%
AboveEstimate
23304 Crest Forest, Crestline, California 92325
3Beds
2Baths
2,356Sqft
9,368Lot
Price Vs. Estimate
The estimated value ($485,895.73) is $57,104.27 (10%) lower than the list price ($543,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Potential: Currently configured as three separate units, with one unit generating $1800/month in rent, offering significant income potential or an owner-occupant income offset.
Top Cons:
Ambiguous Property Classification: The listing describes the property as 'currently three units' but is classified as a 'Single Family Residence,' which may lead to complexities with zoning, financing, or legal multi-unit status.
Compared to the nearby listings
Price:$543.0K vs avg $350.0K (+$193,000)90%
Size:2,356 sqft vs avg 1,344 sqft91%
Price/sqft:$230 vs avg $27328%
More Insights
Built in 1960 (66 years old).
Condition: While the listing states the property has been 'completely renovated' with 'newer flooring and paint' and a 'split ductless HVAC system,' the visual evidence in the kitchen and bathrooms suggests these areas were renovated 15-30 years ago, not recently. The kitchen features dated dark wood cabinets, laminate countertops, white appliances, and an old fluorescent light fixture. The bathroom has a pedestal sink and dated tile work around the tub. The newer flooring and HVAC are positive updates, but the critical kitchen and bathroom areas are significantly outdated in style, requiring substantial cosmetic updates to meet current buyer expectations. The property is functional and well-maintained in other areas, but the dated key components prevent it from achieving a 'Good' rating.
Year Built
1960
Close
-
List price
$543K
Original List price
$543K
Price/Sqft
$230
HOA
-
Days on market
-
Sold On
-
MLS number
OC25281359
Home ConditionFair
Features
Good View: Mountain(s)
Deck
Patio
ViewMountain(s)
About this home
This house is currently three units and can easily be converted back to one house. This is a great opportunity in a great location. Bottom unit is 2bdrm 1 bath, Middle and top units are both 1 bdrm and 1 bath units. Home has been completely renovated with split ductless HVAC system for heating and AC, Gas wall heater in top and bottom units, Newer flooring and paint, Bottom unit rents for $1800. Washer and dryer hook ups in bottom unit and shared washer and dryer on second level. Spacious multi level property with parking for 6 cars. Cozy up to the fireplace in the upper unit or the wood stove in the middle unit. Under 2 miles to the lake where you can Kayak, fish, water slide, etc. Walk to shops and restaurants or stay home and relax in the huge courtyard with mountain ambiance.
J
Jill Dalby
Listing Agent
Price History
Date
Event
Price
12/11/23
Sold
$320,000
07/02/12
Sold
$86,000
05/25/06
Sold
$295,000
03/26/04
Sold
$175,000
Condition Rating
Fair
While the listing states the property has been 'completely renovated' with 'newer flooring and paint' and a 'split ductless HVAC system,' the visual evidence in the kitchen and bathrooms suggests these areas were renovated 15-30 years ago, not recently. The kitchen features dated dark wood cabinets, laminate countertops, white appliances, and an old fluorescent light fixture. The bathroom has a pedestal sink and dated tile work around the tub. The newer flooring and HVAC are positive updates, but the critical kitchen and bathroom areas are significantly outdated in style, requiring substantial cosmetic updates to meet current buyer expectations. The property is functional and well-maintained in other areas, but the dated key components prevent it from achieving a 'Good' rating.
Pros & Cons
Pros
Income-Generating Potential: Currently configured as three separate units, with one unit generating $1800/month in rent, offering significant income potential or an owner-occupant income offset.
Extensive Recent Renovations: The property has been completely renovated, featuring newer flooring, paint, and a modern split ductless HVAC system for both heating and AC, ensuring comfort and reduced immediate maintenance.
Flexible Use & Conversion: The property offers versatile use, easily convertible from its current three-unit configuration back to a single-family home, accommodating diverse buyer needs.
Prime Recreational Location: Located less than 2 miles from the lake and within walking distance to local shops and restaurants, providing excellent access to recreational activities and amenities.
Ample Parking & Outdoor Space: Features parking for up to 6 cars and a large courtyard with mountain ambiance, offering practical convenience and an attractive outdoor living environment.
Cons
Ambiguous Property Classification: The listing describes the property as 'currently three units' but is classified as a 'Single Family Residence,' which may lead to complexities with zoning, financing, or legal multi-unit status.
Inconsistent Heating/Cooling Systems: While a split ductless HVAC system is installed, the mention of 'Gas wall heater in top and bottom units' suggests potential inconsistencies in heating/cooling coverage or efficiency across all units.
Age-Related System Concerns: Built in 1960, despite recent renovations, the property's age may imply original or older plumbing, electrical, and structural components that could require future maintenance or upgrades.