23762 Manzanita Drive, Crestline, California 92325, Crestline, 92325 - 0 bed, 0 bath
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23762 Manzanita Drive
Crestline, California 92325
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,143Sq Ft
10,442Lot Size
Property Price
LIST PRICE$795,000
EST. MARKET VALUE
$775,048
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned above the $775,048 Fair Market Value. While the property requires capital improvements due to its Fair Condition Rating, the five-unit configuration provides a robust income stream in a high-demand mountain location. The inclusion of an unfinished building offers significant value-add potential for expansion. This asset is best suited for Buy-and-Hold Investors or experienced developers capable of navigating the necessary permitting and renovation requirements to maximize long-term rental yields.
Estimated Market Value
$775,048
Based on Realkey algorithm analyzing recent comparable sales in Crestline.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23762 Manzanita Drive Subject 0 bd · 0 ba · 3,143 sqft · $247 | $795,000* List Price | 0 | 0 | 3,143 | $247 | - |
A 23754 Pioneer Camp Active 0 bd · 0 ba · 2,580 sqft · $252 · 0.1 mi | $650,000 List Price | 0 | 0 | 2,580 | $252 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1950, this multi-unit property shows significant signs of age and deferred maintenance. While some units have received minor cosmetic updates like laminate flooring and newer kitchen cabinets, the bathrooms are severely dated with exposed plumbing and old fixtures. The exterior siding is worn, and the reliance on dated wall heaters and window AC units suggests the systems are well beyond their prime. The listing's focus on 'investment opportunity' and 'unfinished buildings' confirms it is a rehab project.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Stream
The property features five distinct units (four 1-bedroom units and one studio), providing a diversified and robust rental income potential in a high-demand mountain community.
- Value-Add Opportunity
An additional unfinished building currently used for storage and laundry offers significant upside potential for conversion or expansion, subject to local permits and approvals.
- Prime Mountain Location
Situated in the desirable Crestline area with scenic mountain views and close proximity to local amenities, the property is well-positioned for both long-term tenants and vacation rentals.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3143, other record living area = 1232.
- Aging Infrastructure
Originally constructed in 1950, the property may require ongoing maintenance or capital improvements to modernize systems and address the wear typical of older mountain residences.
- Due Diligence Requirements
The listing emphasizes the need for buyers to verify square footage, zoning, and permitted uses, indicating potential complexities regarding the legality or status of existing structures.
About 23762 Manzanita Drive
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1950
- Lot Size
- 10,442 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Oct 5, 2026
$795,000
Initial Listing
Sold
Feb 8, 2017
$150,000
Public Record
Sold
Oct 22, 2002
$175,000
Public Record