5-Unit Apartment
New
For Sale
$795,000
23762 Manzanita Drive, Crestline, CA 92325
Crestline, CA
Property Size3,143 SF
Lot Size0.24 Acres
Price / SF$252.94
Days on Market7
Property Features for 23762 Manzanita Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 4, Laundry Room, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 5, Bedroom 2, Bathroom 1
Subdivision
Crestline (CRES)
Lot features
Bluff, Front Yard
Directions
Cross Streets: Hillside Dr and Lake Dr
Standard status
Active
APN
0338102290000
Size
3,143 SF
Lot size
0.24 Acres
Utilities
Sewer type
Unknown
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
5
Listing Agency:
H & R REALTY
(909) 877-0847
Listed By:
GABRIEL PADILLA · License #01794056
(909) 770-3540
Added: Oct 1
Changed: Oct 7
Last Checked: Oct 7 at 5:06AM
MLS# IV26216503
Copyright © 2026 California Regional Multiple Listing Service, 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 5-unit apartment property contains four 1-bedroom, 1-bath units and one studio. The site also includes an unfinished building currently used for storage and laundry. The property measures 3,143 square feet on a 0.2397-acre lot, and the main building dates to 1950.
Public water serves the property. Local shops, restaurants, and recreation are in the surrounding Crestline community.
Public water serves the property. Local shops, restaurants, and recreation are in the surrounding Crestline community.
Key Highlights
- Five units: four 1‑bedroom, 1‑bath apartments and one studio
- 3,143‑square‑foot property on a 0.2397‑acre lot
- Additional unfinished building used for storage and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,824
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,480
$556.5K
Cap Rate 7%
$397,486
$397.5K
Cap Rate 9%
$309,156
$309.2K
Market Conditions
NOI Build-Up for 3,143 SF
Gross rent
$53.9K $17.16/SF
− Vacancy
−$3.3K −$1.06/SF
EGI
$50.6K $16.10/SF
− OpEx
−$22.8K −$7.24/SF
NOI
$27.8K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,480
Cap Rate 7%
$397,486
Cap Rate 9%
$309,156
Alternative Uses
Best Use
Apartment 5plus
$397.5K
$347.8K – $463.7K
NOI $27,824 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.0K
$580.1K – $773.5K
NOI $46,408 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 92325, CA
9,892
Population
6,692
Households
1.5
Avg Household Size
45
Median Age
28%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
1,137
Density / Sq Mi
$79,254
Median Household Income
$49,704
Median Earnings
$1,514
Median Rent
$358,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix combines one-bedroom apartments with a studio, alongside a separate unfinished building used for storage and laundry.
Where is this apartment building located?
The property is located at 23762 Manzanita Drive Crestline, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Five units: four 1‑bedroom, 1‑bath apartments and one studio; 3,143‑square‑foot property on a 0.2397‑acre lot; Additional unfinished building used for storage and laundry
