3781 W Line St, Bishop, CA 93514 – 24-342881 - Norma Mardelli

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$2,525,000

Est. payment - /mo

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12 BD

10 BA

4,937 SqFt

Active Under Contract

3781 W Line St Bishop, CA 93514

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

11/13/2024 08:01 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

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

Parking Features 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

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.