Mixed-Use Property with Development
23382 Crest Forest Dr Crestline, CA 92325
23382 Crest Forest Dr, Crestline, CA, 92325
$419,000
For Sale
$419,000
Versatile property with income streams and development opportunities in Crestline.
Property Size1,760 SF
Lot Size0.17 Acres
Price / SF$238.07
Days on Market89
Property Features for 23382 Crest Forest Dr
General Information
- Standard status
- Active
- Size
- 1,760 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing agency
NextHome, Inc
(818) 937-9009
Listed by
Raffy Krikorian · License #02022762,PersonLicenseNumber
(818) 937-9009
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome, Inc
Investment Insights
Based on property information with market context.
Located at 23382 Crest Forest Dr, this mixed-use property offers both residential and commercial possibilities in a mountain location. The property includes the adjacent vacant parcel at 23376 Crest Forest Dr, providing added flexibility, expansion potential, or future development opportunities. The existing structure, approximately 1,760 SF, features a street-level storefront currently leased on a month-to-month basis, suitable for retail, storage, or creative commercial use. This level includes a private bathroom. Above, a loft-style space with its own bathroom offers additional flexibility for office, residential, or live/work use. Below the main level, there is an office space currently rented month-to-month, as well as a separate studio unit with a private bathroom that will be delivered vacant. The property provides parking spaces. Situated on a 2,500 SF lot, the sale also includes the adjacent vacant parcel at 23376 Crest Forest Dr which sits on a 5,000 SF lot. With multiple income streams, flexible tenancy, and the inclusion of an adjacent vacant lot, this mixed-use property presents a unique opportunity for investors, owner-users, or those looking to create a custom live/work mountain retreat. It is conveniently located near Crestline Village, Lake Gregory, and local shops and dining.
Key Highlights
- Includes adjacent 5,000 SF vacant lot for expansion or development.
- Mixed‑use property with multiple income streams from existing tenants.
- Ample parking spaces, a rare and valuable amenity.
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
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile property with income streams and development opportunities in Crestline.
Where is this mixed-use property located?
The property is located at 23382 Crest Forest Dr 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: Includes adjacent **5,000 SF vacant lot for expansion or development.**; Mixed‑use property with multiple income streams from existing tenants.; **Ample parking spaces**, a rare and valuable amenity.
