Bishop, CA 93514,3781 W Line St

$2,400,000

Est. payment /mo

$2,525,000

5.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

3781 W Line St Bishop, CA 93514

12 Beds

10 Baths

4,937 SqFt

SOLD DATE : 01/15/2025

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

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
Bought with Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
agent

Anna Taylor

Agent | License ID: 02115281

+1(562) 275-1710

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.