
Crestline, California 92325
Analysis of 23762 Manzanita Drive, Crestline, California 92325 is currently available with a list price of $795,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1950, this 74-year-old multi-unit property shows significant signs of age and deferred maintenance. While some units have received minor cosmetic updates like laminate flooring and budget-grade kitchen cabinets, the overall infrastructure remains dated with wall heaters, window AC units, and visible surface-mounted electrical. The weathered wood siding and the presence of an unfinished storage building suggest the property requires a comprehensive rehab and system modernization to address safety and structural longevity.
With five distinct units (four 1-bedroom and one studio), the property offers a diversified income stream and high rental yield potential for investors.
The inclusion of an additional unfinished building provides significant upside potential for conversion or expansion, subject to local permits and approvals.
Situated near local amenities and recreation in Crestline, the property is well-positioned to attract long-term tenants or vacation renters seeking mountain living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3143, other record living area = 1232.
Built in 1950, the property may require substantial capital expenditure for modernizing systems and maintaining structural integrity in a mountain environment.
The presence of an unfinished structure and the need to verify all permits and zoning suggest potential regulatory complexities that could impact future development.
GREAT INVESTMENT OPPORTUNITY IN CRESTLINE! Five-unit property featuring four 1-bedroom, 1-bath units plus one studio, offering multiple income-producing units in the desirable mountain community of Crestline. The property also includes an additional unfinished building currently utilized for storage and laundry, providing valuable additional space and potential for future improvements, subject to permits and applicable approvals. Conveniently located near local shops, restaurants, recreation, and the beautiful San Bernardino Mountains. This property offers an excellent opportunity for an investor looking to add a multi-unit property to their portfolio, with potential for rental income and future upside. Buyer to verify all square footage, permitted uses, zoning, and development potential with the appropriate agencies.
No exterior & parking available.
No sensitive facilities data found.
Sep 1, 2026
$795,000
Initial Listing
Feb 8, 2017
$150,000
Public Record
Oct 22, 2002
$175,000
Public Record