3781 West Line Street

Bishop, CA 93514

$2,525,000
Price
12
Beds
10
Baths
4,937 Sq. Ft.
$511 / Sq. Ft.
4,937
Sq. Ft.
$511
per Sq. Ft.

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...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).
  1. Listed by Jake Glaser • DRE #02128816 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 3781 West Line Street

Parcel Number
UNAVAILABLE
Total Units
9.0
Living Area
4937
Source Living Area
Assessor
Area
Mammoth Lakes (MMTH)
Vacancy Rate
5
Lot Size Area
78844
Source Lot Size Area
Assessor

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816
Add your commute
LISTING UPDATED: 04/24/2024 03:01 PM

Property Details for 3781 West Line Street

StatusActive
MLS #24-342881
Days on Compass124
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size1.81 AC / 78,844 SF
CountyInyo County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816
Add your commute

Building Information for 3781 West Line Street

Stories2Residences-Year Built-Building Size-Lot Size1.81 AC / 78,844 SF

Payment Calculator

$14,351 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,780

Property Taxes

$571

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3781 West Line Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 8
  • Type Of Units: n/a
  • View: Yes
  • View Description: Creek/Stream, Pond
  • View: Creek/Stream, Pond
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $213,303
  • Net Operating Income: $151,897.00
  • Gross Income: $219,900
  • Cap Rate: 6.02%
  • Gross Rent Multiplier: $11.48
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 61406
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 78844
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached, Uncovered, Driveway
  • Total Parking: 0
  • Open Other Spaces Total: 20
  • Parking Features: Uncovered, Driveway
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $925.00
  • Unit Actual Rent: $925.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $1,200.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114

Property History for 3781 West Line Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3781 West Line Street

Taxable ValueLand$260,035Additions$379,776Total$639,811
Tax Record2023$6,854 ($571 / month)
Home Facts
Baths9.5Total Finished SqFt4,937 SqFtAbove Grade Finished SqFt4,937 SqFtLot Size78,843 SqFtStyleMulti-Family Res (5+ Units)Year Built1970CountyINYOAPN011-070-10-00Fireplace TypeHas Fireplace

Schools near 3781 West Line Street

This home is within Bishop Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Pine Street Elementary School
PublicK to 5

Home Street Middle School
Public6 to 8

Bishop Union High School
Public9 to 12

CDS Home Street
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3781 West Line Street is a multi-family home for sale in Bishop, CA 93514. This property was listed for sale on December 31, 2023 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,525,000. It has been on the market for a total of 124 days and was last sold on June 1, 2023. This listing's school district is Bishop Unified School District. Nearby schools include Pine Street Elementary School, Home Street Middle School and Bishop Union High School. 3781 West Line Street is a 12-bed, 10-bath, 4,937 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.