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
For sale
Listing Provided by:
Ashley Stewart DRE #01466789 951-818-1170,
Idyllwild Realty
$2,399,000
54100 Pine Crest Ave, Idyllwild, CA 92549
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1955
-- sqft lot
$2,184,200 Zestimate®
$--/sqft
$-- HOA
What's special
Ample parkingPeaceful water viewsTranquil creekSerene natural backdrop
- 126 days |
- 113 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: August 16, 2025 at 05:23pm
Listing Provided by:
Ashley Stewart DRE #01466789 951-818-1170,
Idyllwild Realty
Source: CRMLS,MLS#: 219134065DA
Originating MLS: California Desert AOR & Palm Springs AOR
Tour with a local agent
Facts & features
Interior
Rooms
- Room types: Living Room
Heating
- Fireplace(s), Heat Pump, Wall Furnace
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Carpet, Laminate, Tile
- Has fireplace: Yes
- Fireplace features: Living Room, Primary Bedroom, Wood Burning
Property
Parking
- Total spaces: 34
- Parking features: Assigned, Driveway
- Carport spaces: 1
- Uncovered spaces: 32
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Creek/Stream, Trees/Woods
- Has water view: Yes
- Water view: Creek/Stream
Lot
- Size: 1.51 Acres
Details
- Parcel number: 563311006, 561041011, 563311008, 561041011
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1955
Community & HOA
Community
- Subdivision: Not Applicable-1
Location
- Region: Idyllwild
Financial & listing details
- Date on market: 8/16/2025
- Listing terms: Cash,Conventional,1031 Exchange
Estimated market value
$2,184,200
$2.07M - $2.29M
$2,036/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2025 | Listed for sale | $2,399,000+100.1% |
Source: Idyllwild MLS #2011140 Report a problem | ||
| 1/28/2022 | Listing removed | -- |
Source: Idyllwild MLS Report a problem | ||
| 12/30/2021 | Listed for sale | $1,199,000+9.1% |
Source: Idyllwild MLS #2009589 Report a problem | ||
| 10/16/2021 | Listing removed | -- |
Source: Idyllwild MLS Report a problem | ||
| 10/3/2021 | Listed for sale | $1,099,000+46.5% |
Source: Idyllwild MLS #2009589 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$15,219/mo
Principal & interest
$12000
Property taxes
$2379
Home insurance
$840
Climate risks
Neighborhood: 92549
Nearby schools
GreatSchools rating
- 8/10Idyllwild SchoolGrades: K-8Distance: 0.5 mi
- 7/10Hemet High SchoolGrades: 9-12Distance: 12.5 mi
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