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Property profile & analytics
OFF-MARKET
Automotive properties

23804 Lk Dr Crestline, CA 92325-9608

862 SF 0.3 ac lot Built 1946
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US10-1547980
Property summary
AI-generated overview

This exceptional 0.1-acre commercial land parcel presents a unique investment opportunity in the heart of Lake Gregory Village, Crestline, CA. Located on the bustling Lake Drive, this property boasts a highly visible position surrounded by established shops and restaurants, ensuring excellent exposure for any commercial venture. The property currently operates as a used car sales and rental lot, offering a potential turnkey business acquisition alongside the land purchase. The existing business is owned by the current landowner and the wholesale cost of the inventory is available for purchase separately. The land itself comprises three combined lots totaling 4,350 square feet, further enhanced by an existing 862-square-foot office building. Zoned for commercial use, this property is ideally situated minutes from Lake Arrowhead, providing easy access to a larger regional market. The property's strategic location and existing infrastructure make it an attractive proposition for a variety of commercial uses, offering significant potential for growth and return on investment. This is a rare opportunity to acquire a well-positioned commercial property in a desirable mountain community. The asking price is $449,000. The property is located at 23804 Lake Dr, Crestline, CA 92325.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1946
Construction WOOD FRAME
Total area 862 SF
Lot 0.3 ac (12,961 SF)
APN 0338-132-23-0000
UPID US10-1547980
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Lankarani,tr · 21 yrs held
Lankarani,tr
since 2004
6 recorded transactions
2004
Price N/A
1988
$110,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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