$2,400,000
$2,525,000 5.0%
Est. payment /mo
12 BD
10 BA
4,937 SqFt
Sold on 01/15/2025
3781 W Line St Bishop, CA 93514
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
UPDATED:
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,937 sqft
Price per Sqft $486
MLS Listing ID 24342881
Sold Date 01/15/25
Bedrooms 12
HOA Y/N No
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
Fireplace No
Exterior
Parking Features Driveway, Uncovered
View Y/N Yes
View Pond, Creek/Stream
Attached Garage Yes
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID UNAVAILABLE
Special Listing Condition Standard
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
Bought with Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
Bought with Jake Glaser • Lyon Stahl Investment Real Estate, Inc.