Thank you
Jake Glaser
Lyon Stahl Investment Real Estate, Inc.
310-425-9838
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).
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Total Bedrooms : 12
Total Baths: 10
Full Baths: 0
Half Baths: 0
Central Air
Air Conditioning
Central
Has Heating
Building Area Total: 4,937
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1.81
Lot Size Source: Assessor
Lot Size Square Feet: 78844
Original List Price: 2,525,000
Listing Contract Date: 2023-12-31
Listing Agreement: Seller Reserved
Parcel Number: UNAVAILABLE
Garage Description: Driveway,Uncovered
Attached Garage: Yes
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: MMTH - Mammoth Lakes
Directions: Near the intersection of W Line St and Reata Rd in Bishop.
Source Property Type: Residential Income
Area: MMTH - Mammoth Lakes
Year Built Source: Vendor Enhanced
Total Square Feet Living: 4937
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Casa Diablo Road, Bishop, CA,93514 | $12,000,000 | -- | -- | -- | 12196800 Sqft |
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ByOwner last updated this listing 04/27/2024 @ 09:25
MLS: 24342881
LISTED BY: Jake Glaser, Lyon Stahl Investment Real Estate, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.