794 Woodland, Crestline, California 92325, Crestline, 92325 - 3 bed, 2 bath
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Crestline, California 92325
This Dual-Home Income Property is a Prime Investment Opportunity, listed at $365,000—positioned well below the $373,876 Fair Market Value by 2%. This valuation gap offers $8,876 in Instant Equity. Boasting a Condition Rating of 3, the property features two renovated residences with stone countertops and stainless steel appliances, including a tenant-occupied unit currently generating $1,500/month. Situated in the Rim of the World district just minutes from Lake Gregory, it combines mountain lifestyle with immediate cash flow. This is a strategic find for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 794 Woodland Subject | $365,000* List Price | 3 | 2 | 1,372 | $266 | - |
A 723 Ca-138 Sold | $315,000 | 2 | 2 | 960 | $328 | 0.1 mi |
B 22680 Valley View Sold | $402,000 | 3 | 2 | 1,224 | $328 | 1.0 mi |
C 23095 Hemlock Sold | $459,900 | 3 | 2 | 1,464 | $314 | 0.6 mi |
D 757 N Village Lane N Sold | $287,000 | 2 | 1 | 1,090 | $263 | 0.1 mi |
E 22815 Alder Sold | $377,600 | 3 | 2 | 1,368 | $276 | 0.9 mi |
F 23916 Pioneer Camp Sold | $418,000 | 3 | 2 | 1,328 | $315 | 0.7 mi |
G 23023 Oak Lane Sold | $360,000 | 3 | 2 | 1,496 | $241 | 0.8 mi |
H 23686 Scenic Sold | $300,000 | 2 | 1 | 1,088 | $276 | 0.3 mi |
I 23388 Knapps Cutoff Active Under Contract | $354,900 List Price | 3 | 2 | 1,324 | $268 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1930, the property has undergone significant renovations within the last 5-15 years. The kitchen is updated with stone countertops, an island with a cooktop, and stainless steel appliances. Interior finishes include modern laminate flooring and fresh paint, making both units functional and move-in ready.
The property features two separate residences on a single parcel with an existing tenant generating $1,500/month, offering immediate cash flow or flexible multi-generational living options.
Ideally situated just a one-minute walk from Top Town's dining and shopping and three minutes from Lake Gregory, maximizing its appeal for both long-term residents and vacation renters.
Located on a paved, plowed, and city-maintained road, this property ensures reliable access for commuters and residents throughout the winter season.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3960, other record lot size in square feet = 1120.
Both units rely on loft spaces without closets for bedrooms, which may limit privacy and impact traditional appraisal valuations or buyer financing options.
Built in 1930, these nearly century-old cabins may require significant ongoing maintenance or upgrades to aging electrical, plumbing, and structural systems.
Dual-Home Opportunity Near Top Town – Income Potential + Prime Location! Welcome to Two Birds Cabins, a rare opportunity to own two single-family residences on one parcel in a highly desirable, walkable Crestline location! Nestled among lush trees and charming dogwoods, this unique property offers flexibility for multi-generational living, rental income, or a private guest setup. Unit 1 (Front Home) features 2 bedrooms and 1 bath, with the second bedroom located in the loft (no closet)—perfect for a cozy sleeping space, office, or creative retreat. Recently freshly painted, this home offers a welcoming feel with a beautiful deck ideal for relaxing in the serene mountain setting. Includes laundry and a ¾ bath, with convenient shared parking. Unit 2 (Lower/Rear Home) is a spacious retreat with its own kitchen, living room, dining area, and bathroom with laundry, plus a large loft-style bedroom (no closet). Currently tenant-occupied at $1,500/month, providing immediate income potential. Enjoy the best of mountain living with a lush, wooded setting just a 1-minute walk to Top Town for dining, shopping, and local charm. Only 3 minutes to Lake Gregory for recreation, and situated on a paved, plowed, and maintained road—making this an easy commuter location year-round. Whether you're looking for an investment property, vacation retreat, or flexible living arrangement, this property delivers on location, versatility, and value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,372 | 1,310 |
| Lot Size | 3,960 | 6,950 |
| Price | $365.0K | $385.7K |
| Price per sq ft | $266 | $283 |
| Built year | 1930 | 1966 |
| HOA | $0 | $0 |
| Days on market | 92 | 82 |
Apr 21, 2026
$365,000
Initial Listing
Nov 9, 2022
$350,000
Public Record
Sep 7, 2021
$190,000
Public Record
Aug 3, 2001
$60,000
Public Record