23663 Lake, Crestline, California 92325, Crestline, 92325 - 0 bed, 0 bath
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Crestline, California 92325
Analysis of 23663 Lake, Crestline, California 92325 is currently available with a list price of $1,395,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Crestline Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although built in 1960, the property is described as a 'fully renovated' 4-plex with comprehensive modern upgrades including new plumbing, upgraded electrical, new dual-pane windows, and concrete siding. The interior features new island kitchens with granite countertops, stainless steel appliances, and new tile baths, placing it in the category of a recent total renovation in mint condition.
This rare 4-plex has undergone extensive renovations including new plumbing, upgraded electrical, concrete siding, and high-end interior finishes, offering a move-in ready asset with minimal immediate capital expenditure.
Situated on a massive 28,750 sqft lot across three parcels, the property provides a unique opportunity to add two additional units and two ADUs, significantly increasing future cash flow and equity.
A rarity for mountain properties, this site features level access and ample space to park more than 10 cars, making it highly attractive for tenants and accommodating the high-occupancy potential of the 5-bedroom unit.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =28750, other record lot size in square feet = 4585.
At a list price of $1,395,000, the property is positioned at the high end of the Crestline market, which may limit the pool of qualified buyers and require a sophisticated investor to realize the full development value.
The diverse unit mix, ranging from small studios to a large 5-bedroom residence, requires more intensive property management and strategic tenant screening compared to a standard multi-family layout.
Fully assumable loan $665,000.00 on this property at 2.8% with approximately 4200.00 payment including tax and insurance makes this a Great property for live in or investor and developer. Great property for live in or investor and developer. RARE Fully RENOVATED 4-Plex. Property is a combination of 3 parcel lot. GREAT Potential for a Homeowner. Potential cash flow or HAVE THE TENANTS PAY YOUR MORTGAGE and live for FREE. 2 buildings with Unit Mix of 1 Front Unit Bldg - 2bd 1bath and 1 - 5bed, 2.5 bath main unit and 2 - Studio Units w/ ¾ bath each, Property has tons of upgrades - New plumbing, upgraded electrical, concrete siding exterior, laminate flooring, new island kitchen w/ pantry, 6" baseboards throughout, new dual pane windows, gorgeous sweep staircases, large slate tile front porch, 700+sf deck, huge 24k+ sf LOT with more than 6k sf of landscape pavers… This is just a gorgeous property. Shaded by mature trees, large open deck (700+sf), gas BBQs, open living room w/ picture windows, granite island countertop kitchen, new tile baths, stainless steel appliances, High vaulted ceilings and laundry room too..... and enough space to park MORE THAN 10 cars on level areas. This is a rare gem for mountain properties.... Mostly usable lot, easy access to the property, right on Lake Drive which makes it easy to rent and very close to the lake, if that is not enough property has a potential of adding 2 other units on the vacant lot and also two new ADU (please check with city for more detail information)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 3,042 | 2,196.5 | 50% |
| Lot Size | 28,750 | 42,253.4 | 50% |
| Price | $1.40M | $797.5K | 50% |
| Price per sq ft | $459 | $303 | 50% |
| Built year | 1960 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 129 | 50% |
Apr 30, 2026
$1,395,000
Initial Listing
Apr 14, 2021
$735,000
Public Record
Jul 24, 2015
$225,000
Public Record