Mixed-Use Live-Work and Retail
Crestline, CA 92325 Crestline, CA 92325
New
Crestline, CA, 92325
$419,000
For Sale
$419,000
COMMERCIAL - Crestline, CA
Property Size1,760 SF
Price / SF$238.07
Days on Market6
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
Building Details
- Year built
- 1945
Listing agency
NextHome Grandview
(818) 858-5026
Listed by
Raffy Krikorian · License #02022762,PersonLicenseNumber
(626) 945-2509
Added: Jul 16 Updated: Jul 20 at 3:59PM Checked: Jul 21 at 10:06PM
MLS# GD26079138
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 23382 Crest Forest Dr in Crestline, this mixed-use property includes an approximately 1,760 SF structure on a 2,500 SF lot, plus an adjacent vacant parcel at 23376 Crest Forest Dr on a 5,000 SF lot (APNs: 0338-072-31-0000 and 0338-072-32-0000). The street-level level features a storefront that is currently leased on a month-to-month basis and includes a private bathroom. Above, there is a loft-style space with its own bathroom, offering flexible use as office, residential, or live/work.
The lower level includes an office space currently rented on a month-to-month basis and a separate studio unit with a private bathroom that will be delivered vacant. The property also provides plenty of parking spaces to support tenants, customers, and future occupants.
Convenient to Crestline Village, Lake Gregory, and local shops and dining, the site combines existing income-producing space with additional land for potential expansion or future development planning.
The lower level includes an office space currently rented on a month-to-month basis and a separate studio unit with a private bathroom that will be delivered vacant. The property also provides plenty of parking spaces to support tenants, customers, and future occupants.
Convenient to Crestline Village, Lake Gregory, and local shops and dining, the site combines existing income-producing space with additional land for potential expansion or future development planning.
Key Highlights
- Mixed‑use property built in 1945 with approx. 1,760 SF structure on a 2,500 SF lot
- Street‑level storefront is leased month‑to‑month and includes a private bathroom
- Loft‑style upper space has its own bathroom for office, residential, or live/work use
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.0k | $21.60 |
| − Vacancy | −$2.0k | −$1.12 |
| EGI | $36.0k | $20.48 |
| − OpEx | −$10.8k | −$6.14 |
| NOI | $25.2k | $14.33 |
1,760 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$360.4K
$315.3K – $420.5K
NOI $25,227 @ 7.0% cap · market cap 6.02%
Second Best
Office B
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$371.2K
$324.8K – $433.1K
NOI $25,987 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Street-level storefront and multiple enclosed units offer flexible month-to-month leasing with an adjacent vacant parcel.
Where is this live-work space located?
The property is located at Crestline, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Mixed‑use property built in 1945 with approx. 1,760 SF structure on a 2,500 SF lot; Street‑level storefront is leased month‑to‑month and includes a private bathroom; Loft‑style upper space has its own bathroom for office, residential, or live/work use
