54100 Pine Crest new Save Request In-Person Tour Request Virtual Tour
Idyllwild,CA 92549
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $319
MLS Listing ID 219134065DA
Bedrooms 20
Full Baths 12
Three Quarter Bath 3
Year Built 1955
Lot Size 1.510 Acres
Acres 1.51
Property Sub-Type Multi-Family
Property Description
Exceptional investment opportunity in the heart of Idyllwild-this unique offering consists of four parcels totaling over 1.5 acres, featuring 14 fully occupied rental units that range from efficient studios up to spacious four-bedroom homes. The rear of the property borders the tranquil creek, providing select units with peaceful water views and a serene natural backdrop. Tenants pay their own utilities, and there is ample parking for residents and guests alike. The property is on town sewer and ideally located within walking distance to all local amenities, while generous open space offers potential for additional units. With a consistent occupancy history and strong income stream, this in-town, creekside property is a proven money maker and a rare chance to own a high-performing rental portfolio in one of Idyllwild's most desirable locations. cap rate of 7.19
Location
State CA
County Riverside
Area Idyllwild
Interior
Heating Fireplace, Heat Pump, Wall
Cooling Air Conditioning, Ceiling Fan, Wall/Window
Flooring Carpet, Laminate, Linoleum, Tile
Fireplaces Number 10
Fireplaces Type Wood BurningLiving Room
Equipment Ceiling Fan
Exterior
Parking Features Assigned, Driveway
Garage Spaces 34.0
View Y/N Yes
View Creek/Stream, Trees/Woods
Building
Story 2
Sewer In Connected and Paid
Level or Stories Two
Others
Special Listing Condition Standard