737 Ca-138
About This Property
Major Fixer | Full Renovation Needed | All Cash or Hard Money Offers Only
This 3-bedroom, 2-bath, 1,656 sq. ft. mountain cabin is brimming with potential and ready for a complete transformation. Nestled in the charming mountain community of Crestline, this property presents an incredible opportunity for contractors, investors, or experienced DIY buyers looking for their next project.
Set back from Highway 138 and surrounded by towering pines, the home captures the classic mountain-cabin feel with rustic character and endless possibilities for modernization.
The front driveway can comfortably accommodate up to three vehicles, offering convenient year-round parking-especially valuable during the busy mountain seasons.
With creativity and craftsmanship, this diamond-in-the-rough could be reimagined into a stunning mountain getaway, a cozy full-time residence, or a lucrative short-term rental. Located just minutes from Crestline Village, Lake Gregory, local dining, and highway access, it's ideally situated for both convenience and tranquility.
Highlights:
3 Bedrooms | 2 Bathrooms | Approx. 1,656 Sq. Ft.
Excellent investor or contractor opportunity
Desirable Crestline location near Lake Gregory
Easy access to Highway 138 and local amenities
Driveway parking for up to 3 cars
Expansive potential for a custom remodel or rebuild
Condition: Property requires a full renovation-foundation, roof, plumbing, electrical, and all cosmetic finishes are due for replacement or upgrade.
Terms: Cash or hard-money financing only.
Don't miss this rare chance to bring new life to a classic Crestline cabin. With the right vision, this could become one of the area's best before-and-after success stories!
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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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Nov 12, 2025 | In contract | - | |
| In contract | |||
| Oct 12, 2025 | Listed by Cochran Real Estate Professionals Inc | $180,000 | |
| Listed by Cochran Real Estate Professionals Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017