3781 W Line St
Bishop, CA 93514
Active Under Contract for $2,525,000
Beds: 12 Baths: 10 Structure Size: 4,937 sqft Lot Size: 78,844 sqft
| MLS | 24342881 |
| Year Built | |
| Property Type | |
| County | Inyo |
| Status | Active Under Contract |
| Active Under Contract | $2,525,000 |
| Structure Size | 4,937 sqft |
| Lot Size | 78,844 sqft |
| Beds | 12 |
| Baths | 10 |
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).
Listing information courtesy of: Jake Glaser, Lyon Stahl Investment Real Estate, Inc. 310-230-5157. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Tamara Ayvazyan
REALTOR®
Direct: 707.315.3574
Email: Email Me
DRE: 02240559
DRE #01873088
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