23508 Lake Drive Crestline, CA $ 1,600,000
23508 Lake Drive
$ 1,600,000
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23508 Lake Drive

Crestline, CA, 92325
$ 1,600,000
Baths0.0 Sq 5,400

Monthly Estimate*

$ 10,634

Listed by InvestorsAlly Realty
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Studio

Commercial Property for sale in Crestline, CA

for $1,600,000. This 5,400 square foot building was built in 1945 on a lot size of 0.4591.

This 12-unit Crest Lodge Historic Mountain Inn business of historical fame is situated in a very nice wooded area in Crestline on the San Bernardino mountains within half an hour drive from down the hill. It is the most convenient place and the quickest way for many local SoCal residents to drive up above 6,000 ft on Hwy 18 for some snow fun in the winter time. The property consists 4 parcels and is located right in the heart of Crestline. It is within walking distance to the restaurants, bar, grocery and liquor in the town center. The unique and convenient location make it very attractive to run a profitable mountain resort business with active marketing and management. The property is currently leased out to a motel operator with an attractive NNN lease yield. San Bernardino mountains serve over 22 million population in Southern California. It is the easiest place for local residents to go skiing or simply have some snow tubing fun with families during the winter time without having to go through the hassles to fly anywhere. In the summer time with the burning hot summer desert weather, local residents can drive up from almost anywhere in SoCal in less than hours to the many lakes among the majestic tall pine trees for a cool summer retreat. Reach Switzerland doorstep within only two hours! The proximity of these mountains to the beaches down the hills makes SoCal one of the few places in the world that local residents can boast to be able to ski in the morning, surf in the afternoon and sip wines in the evening, all in one day.

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Commercial Active

Price

$ 1,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

HotelMotel

Lot Size

0.4591

Year Built

1945

Town/City

Crestline

County/Region

San Bernardino

MLS | Web ID

NP24072665

Days on Market

52

Features
Exterior
Lot Features Item1115UnitsAcre
Water Source Public
Lot Size Area 20000.0
Spa N
Building Area Total 5400.0
Lot Size Acres 0.4591
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Year Built 1945
Property SubType HotelMotel
Business Type HotelMotel
Additional Parcels Description 0338-052-42-0000 0338-052-37-0000 0338-052-22-0000
County San Bernardino
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions At the cross section of Lake Drive and Cedar Lane
City Crestline
View Y/N N
Senior Community Y/N N
MLS Area 286 - Crestline Area
Lot Size Units SquareFeet
Lot Size Square Feet 20000.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Lake
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Owner
Property Sub Type Additional HotelMotel
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Drive
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 23508
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* Excluded Features
List By
Investorsally Realty

Broker

(949) 371-9139

Phone

Affordability Calculator

$10,634
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,634
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/12/2024$1,600,000 Listed Price

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23508 Lake Drive, Crestline, CA, 92325 is a Commercial Property for sale at $1,600,000 with 5,400 sqft and a lot size of 0.4591. 23508 Lake Drive is a studio with 0.0 baths and was built in 1945. The property's zip code is 92325 which is in Crestline, CA