23412 Knapps Cutoff
About This Property
Step into the charm of yesteryear with this 1930s vintage mountain chalet nestled in the heart of Crestline. Offering 2 bedrooms and 1.5 baths, plus a separate studio apartment, this unique property is ideal for those seeking character, flexibility, and future potential.
The main residence features classic chalet details and a warm, inviting layout, wall of windows for natural light. The detached studio provides excellent options for guest quarters, rental income, or a private workspace. Dual access enhances convenience and usability, and a seasonal stream adds a serene mountain ambiance rarely found.
Surrounded by natural beauty and towering evergreens, this property offers a peaceful setting just minutes from town amenities, Lake Gregory, shops, dining, and recreation. While the home does need updating, it presents a fantastic opportunity to restore and personalize a true mountain classic.
Perfect for full-time living, a weekend retreat, or an investment with upside-bring your vision and make this vintage Crestline gem shine.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2026 | Sold | ||
| Sold | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Relisted | $250,000 | |
| Relisted | |||
| Mar 2, 2026 | In contract | - | |
| In contract | |||
| Dec 22, 2025 | Listed by ARROWHEAD PREMIER PROPERTIES | $250,000 | |
| Listed by ARROWHEAD PREMIER PROPERTIES | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017