23480 Knapps Cutoff, Crestline, California 92325, Crestline, 92325 - 1 bed, 1 bath
Loading property details...
Crestline, California 92325
This Value-Add Mountain Asset is listed at $240,000, offering a strategic entry into the Crestline market near Lake Gregory. With a Fair Market Value of $160,686, the property requires a comprehensive rehabilitation to align with local market standards and maximize its potential. Currently holding a Condition Rating of 5, the structure sits on a generous 8,000 sq ft lot featuring mountain views and rare RV parking. Located within the Rim of the World district, this project offers significant forced appreciation potential for those prepared for a full-scale overhaul. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23480 Knapps Cutoff Subject | $235,000* List Price | 1 | 1 | 628 | $271 | - |
A 23718 Scenic Sold | $271,000 | 1 | 1 | 878 | $309 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 with no significant updates. The interior shows major neglect including exposed insulation and wiring, holes in the ceiling and walls, heavily stained flooring, and a dated wall heater. The listing explicitly targets investors for a full rehab project.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8000, living area = 628.
The property features a generous 8,000 sq ft lot with four parking spaces and RV access, which is a rare and highly desirable asset in the Crestline mountain area.
Located just minutes from Lake Gregory Regional Park, the home offers excellent proximity to hiking, fishing, and year-round mountain recreation.
Built in 1940 and marketed as a 'visionary' project, the home requires significant repairs and modernization, necessitating additional capital beyond the purchase price.
At only 628 square feet with a 1-bedroom layout, the small footprint may restrict the property's appeal to a narrower segment of buyers or renters.
Calling All Investors & Visionaries! Opportunity knocks in the scenic mountain community of Crestline just minutes from the popular Lake Gregory Regional Park! This 1-bedroom, 1-bath home offers approximately 628 sq ft of living space and is ready for your personal touch. Situated on a generous lot, the property features 4 parking spaces plus a driveway large enough for RV parking—a rare find in this area. Whether you're looking to renovate, flip, or create a cozy mountain retreat, this property has great potential and upside. Enjoy the charm of small-town mountain living with easy access to hiking, fishing, and year-round recreation at Lake Gregory. With the right vision, this could be a fantastic investment or weekend getaway. Bring your tools and imagination—Make an offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 6% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 628 | 1,343 | 2% |
| Lot Size | 8,000 | 6,976 | 61% |
| Price | $235.0K | $360.0K | 6% |
| Price per sq ft | $374 | $282 | 89% |
| Built year | 1940 | 1964 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 179 | 5% |
May 19, 2026
$235,000
$240,000
-2% Price Drop
Initial Listing
Apr 30, 2026
$240,000
Initial Listing
Jun 23, 2010
$52,500
Public Record
Nov 24, 2003
$100,000
Public Record
Dec 18, 2002
$57,000
Public Record