
Crestline, California 92325
This property presents a High-Potential Investment Opportunity with a List Price of $349,000—positioned well below the $336,771 Fair Market Value by -3%. While the property requires exterior remediation, the Fair Condition Rating is offset by a turnkey interior and significant expansion potential via the build-up area. The large 7,600 sqft lot and proximity to Lake Gregory provide a solid foundation for value-add projects. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a mountain project with ADU potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24086 Cresta Subject 3 bd · 2 ba · 1,284 sqft · $262 | $349,000* List Price | 3 | 2 | 1,284 | $262 | - |
A 23940 Cresta Drive Sold 3 bd · 2 ba · 910 sqft · $313 · 0.2 mi | $285,000 | 3 | 2 | 910 | $313 | 0.2 mi |
B 23801 Zuger Sold 2 bd · 2 ba · 1,120 sqft · $223 · 0.6 mi | $249,900 | 2 | 2 | 1,120 | $223 | 0.6 mi |
C 24776 Basel Sold 2 bd · 2 ba · 1,237 sqft · $323 · 0.9 mi | $400,000 | 2 | 2 | 1,237 | $323 | 0.9 mi |
D 24738 Nestal Court Sold 3 bd · 2 ba · 1,482 sqft · $226 · 0.8 mi | $335,000 | 3 | 2 | 1,482 | $226 | 0.8 mi |
E 482 Zuger Court Sold 3 bd · 2 ba · 1,292 sqft · $270 · 0.6 mi | $349,000 | 3 | 2 | 1,292 | $270 | 0.6 mi |
F 24687 San Moritz Sold 3 bd · 2 ba · 1,786 sqft · $203 · 0.8 mi | $362,000 | 3 | 2 | 1,786 | $203 | 0.8 mi |
G 595 Arbula Sold 3 bd · 3 ba · 1,692 sqft · $239 · 0.9 mi | $405,000 | 3 | 3 | 1,692 | $239 | 0.9 mi |
H 398 Darfo Sold 2 bd · 1 ba · 908 sqft · $334 · 0.9 mi | $303,000 | 2 | 1 | 908 | $334 | 0.9 mi |
I 981 Lausanne Drive Active 3 bd · 2 ba · 1,296 sqft · $247 · 0.4 mi | $320,000 List Price | 3 | 2 | 1,296 | $247 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983 (41 years old) and explicitly listed as a fixer. While the interior features cosmetic updates like new carpet and paint, the property has significant structural and safety defects, specifically requiring the repair or replacement of decks, exterior stairs, and the parking deck.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7600, living area = 1284.
The home features a well-maintained interior with new carpeting, fresh paint, and included appliances, allowing for immediate occupancy while exterior projects are addressed.
A generous build-up area beneath the home includes three separate bonus rooms, providing excellent opportunities for a workshop, storage, or potential ADU conversion.
The property requires substantial work on the decks, exterior stairs, and parking deck planking, which will require immediate capital investment and labor.
Sold in 'as-is' fixer condition due to exterior needs, the property may present challenges for traditional financing and is best suited for renovation-ready buyers.
Mountain Opportunity Near Lake Gregory & Crestline Village! Bring your vision to this 3-bedroom, 2-bath mountain home ideally located just minutes from Lake Gregory and Crestline Village. The interior is in very good condition and offers a warm, inviting feel with a wood-burning brick fireplace, new carpet and fresh interior paint. The kitchen includes all appliances, and the washer and dryer are also included, making the interior ready to enjoy. Outside is where the opportunity begins. This home is being sold as a fixer, with the decks in need of repair or replacement, along with the exterior stairs and at least the planking on the parking deck. The property has been priced with these improvements in mind, offering a great opportunity for a buyer willing to take on the exterior projects. A generous build-up area beneath the home provides three separate bonus rooms, accessed independently from the house via the side stairs—offering plenty of possibilities for storage, workshop space, hobbies or potential ADU conversion, subject to buyer verification of applicable permitting, zoning and building requirements. Surrounded by trees with filtered mountain views, the property enjoys a peaceful setting and the quiet mountain atmosphere Crestline is known for, while still being conveniently close to the lake, shops, dining and town. A solid interior, desirable location and plenty of potential—bring your tools and make this mountain home your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.8 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,284 | 1,239.477 |
| Lot Size | 7,600 | 6,761.744 |
| Price | $349.0K | $366.6K |
| Price per sq ft | $272 | $277 |
| Built year | 1983 | 1964 |
| HOA | $0 | $250 |
| Days on market | 20 | 76 |
Oct 4, 2026
$349,000
Initial Listing
Jun 16, 2004
$175,000
Public Record