Mixed-Use Building with
23382 Crest Forest Drive Crestline, CA 92325
23382 Crest Forest Drive, Crestline, CA, 92325
$419,000
For Sale
$419,000
Commercial Sale, Other - Crestline, CA
Property Size1,760 SF
Lot Size0.17 Acres
Price / SF$238.07
Days on Market107
Property Features for 23382 Crest Forest Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1945
- Architectural style
- Other
Listing Agency
NextHome Grandview
(818) 858-5026
1501 W. Magnolia Blvd., CA
Listed by
Raffy Krikorian · License #02022762,PersonLicenseNumber
(626) 945-2509
Added: Apr 2 Checked: Jul 17 at 12:06 am
MLS# GD26079138
Listing URL
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.
This mixed-use property includes an approximately 1,760 SF structure with multiple income-producing spaces and residential-style components. A street-level storefront is currently leased on a month-to-month basis and features a private bathroom. Above, there is a loft-style space with its own bathroom that can support a variety of live/work or office uses. Below the main level, an office space is rented on a month-to-month basis, and a separate studio unit with a private bathroom will be delivered vacant.
The sale also includes an adjacent vacant parcel at 23376 Crest Forest Dr. The property sites include a 2,500 SF lot for the structure and a 5,000 SF lot for the adjacent parcel.
Off-street parking is available on-site. APNs included are 0338-072-31-0000 and 0338-072-32-0000.
The sale also includes an adjacent vacant parcel at 23376 Crest Forest Dr. The property sites include a 2,500 SF lot for the structure and a 5,000 SF lot for the adjacent parcel.
Off-street parking is available on-site. APNs included are 0338-072-31-0000 and 0338-072-32-0000.
Key Highlights
- Year built 1945 mixed‑use property with an approximately 1,760 SF structure on a 2,500 SF lot
- Street‑level storefront currently leased month‑to‑month; includes a private bathroom
- Loft‑style space above includes 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
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with street-level storefront, upper loft with bath, office space, and an additional studio unit delivered vacant.
Where is this mixed-use property located?
The property is located at 23382 Crest Forest Drive 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: Year built 1945 mixed‑use property with an approximately 1,760 SF structure on a 2,500 SF lot; Street‑level storefront currently leased month‑to‑month; includes a private bathroom; Loft‑style space above includes its own bathroom for office, residential, or live/work use
