23304 Crest Forest Drive, Crestline, California 92325, Crestline, 92325 - 3 bed, 3 bath
ACTIVE$548,000
23304 Crest Forest Drive, Crestline, California 92325
3Beds
3Baths
2,356Sqft
9,368Lot
Price Vs. Estimate
The estimated value ($548,000) is $0 (0%) lower than the list price ($548,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Potential: Currently configured as three separate units (2-bed/1-bath, 1-bed/1-bath, 1-bed/1-bath) with a proven rental income of $1800/month from the bottom unit, offering immediate cash flow or multi-generational living options.
Top Cons:
Multi-Unit Configuration (Current State): While offering income potential, the current three-unit setup requires conversion for single-family use, which might deter buyers looking for an immediate traditional home.
Compared to the nearby listings
Price:$548.0K vs avg $350.0K (+$198,000)90%
Size:2,356 sqft vs avg 1,375 sqft92%
Price/sqft:$233 vs avg $26433%
More Insights
Built in 1960 (65 years old).
Condition: Despite being built in 1960, the property has been 'completely renovated' as stated in the description, which is strongly supported by the provided images. The bathroom features a modern vanity, new toilet, and contemporary LVP flooring, indicating a recent, high-quality update. Throughout the visible living spaces and bedrooms, new flooring and fresh paint are evident, along with modern split ductless HVAC units. While no kitchen images are provided, the claim of 'completely renovated' suggests the kitchen has also been updated to a similar standard. The property appears move-in ready with virtually new components in the renovated areas, meeting current quality standards.
Year Built
1960
Close
-
List price
$548K
Original List price
$575K
Price/Sqft
$233
HOA
-
Days on market
-
Sold On
-
MLS number
OC25122694
Home ConditionExcellent
Features
Good View: Mountain(s)
Deck
Patio
ViewMountain(s)
About this home
This house is currently three units and can easily be concerted back to one house. This is a great opportunity in a great location. Bottom unit is 2 bdrm 1 bath, Middle and top units are 1 bedroom and 1 bath, Home has been completely renovated with split ductless HVAC system for heating and AC, Gas wall heater in top and Bottom units, New flooring, new paint on top and bottom units, Bottom unit currently rents for $1800. Washer and dryer hook ups in bottom unit and shared washer and dyer 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.
Condition Rating
Excellent
Despite being built in 1960, the property has been 'completely renovated' as stated in the description, which is strongly supported by the provided images. The bathroom features a modern vanity, new toilet, and contemporary LVP flooring, indicating a recent, high-quality update. Throughout the visible living spaces and bedrooms, new flooring and fresh paint are evident, along with modern split ductless HVAC units. While no kitchen images are provided, the claim of 'completely renovated' suggests the kitchen has also been updated to a similar standard. The property appears move-in ready with virtually new components in the renovated areas, meeting current quality standards.
Pros & Cons
Pros
Income-Generating Potential: Currently configured as three separate units (2-bed/1-bath, 1-bed/1-bath, 1-bed/1-bath) with a proven rental income of $1800/month from the bottom unit, offering immediate cash flow or multi-generational living options.
Extensive Renovations & Modern HVAC: The home has been completely renovated, featuring new flooring and paint in the top and bottom units, and a modern split ductless HVAC system for efficient heating and cooling throughout.
Prime Location & Recreational Access: Situated in a 'great location,' under 2 miles from the lake for various water activities and within walking distance to local shops and restaurants, enhancing lifestyle appeal.
Versatile Configuration: The property can easily be converted back into a single-family residence, providing flexibility for buyers seeking either an investment property or a spacious family home.
Ample Parking & Outdoor Space: Offers generous parking for up to 6 cars and a huge courtyard with mountain ambiance, providing excellent outdoor living and entertaining space.
Cons
Multi-Unit Configuration (Current State): While offering income potential, the current three-unit setup requires conversion for single-family use, which might deter buyers looking for an immediate traditional home.
Age of Property: Built in 1960, despite recent renovations, the underlying structure and systems are over 60 years old, which could lead to future maintenance concerns not addressed by cosmetic updates.
Price History: Multiple price reductions from the original list price of $575,000 to $548,000 could indicate a longer market time or suggest the initial pricing was too high, potentially impacting perceived value.