23304 Crest Forest, Crestline, California 92325, Crestline, 92325 - 3 bed, 2 bath
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Crestline, California 92325
This Versatile Multi-Unit Residence functions as a high-utility income property, listed at $533,000. This price reflects the property's unique three-unit configuration and $1,800 monthly rental income potential, relative to the $457,540 Fair Market Value. Boasting a Condition Rating of 4, the home features a modern split ductless HVAC system, mountain views, and a spacious deck and patio near Lake Gregory. Located within the Rim of the World district, this is a strategic "house hack" for Multi-Family Investors or Owner-Occupants seeking to offset their mortgage with rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23304 Crest Forest Subject | $528,000* List Price | 3 | 2 | 2,356 | $192 | - |
A 23698 Scenic Drive Sold | $430,000 | 4 | 3 | 2,058 | $209 | 0.5 mi |
B 23950 Bowl Rd Sold | $459,000 | 4 | 2 | 2,028 | $226 | 0.8 mi |
C 1036 Venus Way Active | $674,900 List Price | 3 | 2 | 2,405 | $281 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property boasts recent updates like new flooring, paint, and a modern split ductless HVAC system, the kitchen and bathrooms show significant signs of being outdated. The kitchen features traditional dark wood cabinets, dark laminate countertops, older white appliances, and a dated fluorescent light fixture. The bathroom's tile work also appears to be 15-25 years old. These areas would require minor updates to meet current aesthetic standards, despite the home being move-in ready and having updated major systems.
The property is currently configured as three separate units with proven rental income ($1800 for the bottom unit) and offers the flexibility to easily convert back to a single-family residence, appealing to both investors and owner-occupants seeking rental income.
Recently 'completely renovated' with a split ductless HVAC system for heating and AC, newer flooring, and fresh paint, ensuring modern comfort and reducing immediate maintenance needs for a new owner.
Situated under 2 miles from Lake Gregory, providing easy access to kayaking, fishing, and waterslides, along with walkability to local shops and restaurants, significantly enhancing its lifestyle appeal.
Listed as a 'Single Family Residence' but described as 'currently three units,' which could lead to complications with financing, insurance, or zoning if not properly addressed and verified by potential buyers.
The property was acquired for $320,000 in 2023 and is now listed at $538,000. While renovations are noted, this substantial price increase in a short timeframe may warrant careful valuation scrutiny by buyers and lenders.
As a 'spacious multi level property,' it may present accessibility challenges for individuals with mobility issues or those preferring single-level living, potentially limiting the buyer pool.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,356 | 1,344 | 89% |
| Lot Size | 9,368 | 6,976 | 72% |
| Price | $528.0K | $360.0K | 82% |
| Price per sq ft | $224 | $281 | 20% |
| Built year | 1960 | 1964 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 159 | 179 | 47% |
Apr 10, 2026
$528,000
$533,000
-1% Price Drop
Initial Listing
Mar 7, 2026
$533,000
$538,000
-1% Price Drop
Initial Listing
Feb 3, 2026
$538,000
$543,000
-1% Price Drop
Initial Listing
Dec 29, 2025
$543,000
Initial Listing
Dec 11, 2023
$320,000
Public Record
Jul 2, 2012
$86,000
Public Record
May 25, 2006
$295,000
Public Record
Mar 26, 2004
$175,000
Public Record