54100 Pine Crest Active Save Request In-Person Tour Request Virtual Tour
Idyllwild,CA 92549
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219134065DA
Year Built 1955
Lot Size 1.510 Acres
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 222 - Idyllwild
Interior
Heating Fireplace(s),Heat Pump,Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet,Laminate,Tile
Fireplaces Type Living Room,Primary Bedroom,Wood Burning
Exterior
Parking Features Assigned,Driveway
View Y/N Yes
View Creek/Stream,Trees/Woods
Building
Story 2
New Construction No
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard