Homes for sale - 54100 Pine Crest, Idyllwild, CA 92549

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Lowell Fulson III

lowellfulsoniii@gmail.com +1(760) 391-2504

$ 2,399,000

Est. payment | -/mo

20 Beds

15 Baths

7,500 SqFt

Save

$ 2,399,000

Est. payment | -/mo

Save

20 Beds

15 Baths

7,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $319

MLS Listing ID 219134065

Bedrooms 20

Full Baths 12

Three Quarter Bath 3

HOA Y/N No

Year Built 1955

Lot Size 1.510 Acres

Acres 1.51

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 Air Conditioning, Ceiling Fan(s), Wall/Window Unit(s)

Fireplaces Number 10

Fireplaces Type Living Room

Fireplace true

Exterior

View Y/N true

View Creek/Stream, Trees/Woods

Private Pool No

Building

Story 2

Entry Level Two

Sewer In, Connected and Paid

Level or Stories Two

Others

Senior Community No

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Idyllwild Realty

GET MORE INFORMATION

Lowell Fulson III

REALTOR® | Lic# DRE01881415

lowellfulsoniii@gmail.com

+1(760) 391-2504

70005 Mirage Cove Dr., Mirage, CA, 92270

54100 Pine Crest Idyllwild, CA 92549

Lowell Fulson III

Key Details

Location

Interior

Exterior

Building

Others

54100 Pine Crest