3781 W Line St Active Save Request In-Person Tour Request Virtual Tour
Bishop,CA 93514
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,937 sqft
Price per Sqft $511
MLS Listing ID 24-342881
Bedrooms 12
Lot Size 1.810 Acres
Property Description
Fantastic 9-unit investment property located in Bishop, CA. This large, picturesque property sits on a 1.81 Acre Lot with a 1,000 SqFt trout pond, old growth trees and multiple creeks running through it. The property features 8 separate "single family" style structures, comprising 9 units and 4,937 square feet of living area in total. The front 4-bedroom main house also features a large private garage. The majority of the units have been recently remodeled and re-rented, with five of the units able to be delivered vacant. All in all, the property has received $300K - $400K of recent capital improvements including interior remodels, new exterior paint, concrete driveway / walkways, an automatic sprinkler system and newer copper water lines. 3781 W Line St offers a strong Day 1 cash flow currently sitting at a 6.02% Cap Rate! Additionally, a new buyer may be able to build 1-4 ADUs on the vacant back portion of the lot (Buyer to carry out their own investigation).
Location
State CA
County Inyo
Area Mammoth Lakes
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment None
Exterior
Garage Garage Is Attached, Uncovered, Driveway
View Y/N Yes
View Creek/Stream, Pond
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard