3781 W Line St Active Save Request In-Person Tour Request Virtual Tour
Bishop,CA 93514
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,937 sqft
Price per Sqft $511
MLS Listing ID 24342881
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 Mmth - Mammoth Lakes
Interior
Heating Central
Cooling Central Air
Exterior
Garage Driveway,Uncovered
View Y/N Yes
View Pond,Creek/Stream
Building
Story 2
New Construction No
Others
Special Listing Condition Standard