Bishop CA Multi Family for Sale
$21,000,000
1600 Pine Creek Road Unit 0 Bishop, CA 93514
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Baths:
- MLS#:
- 240516
- Subdivision:
- Round Valley
ADDITIONAL INFORMATION
Discover Pine Creek Village, a prime real estate investment located at the base of the Sierra Nevada Mountains near Bishop, CA. This expansive 58-acre property includes 85 rental homes. The community features 64 three-bedroom, one-bath homes and 21 two-bedroom, one-bath homes , averaging 1,029 square feet each. Recent upgrades include new roofs, double-pane windows, Internet, and modernized kitchens and bathrooms. The property has three domestic wells and two water storage tanks encompassing a community water system, a wastewater treatment facility, and a 2400 square foot maintenance building and large storage yard. Potential subdivision would provide for existing homes on lots averaging 10,000 square feet, with the additional acreage for future development. Currently the zoning is a mix of R3 medium high-density and open space uses. Located just 15 miles from Bishop, CA, and 35 miles from Mammoth Lakes, CA where nationally recognized Mammoth Mountain ski resort is located, this property serves the vibrant communities of Bishop, Mammoth Lakes, and beyond. The Eastern Sierra region, renowned for its outdoor recreational opportunities, is a desirable destination for both residents and tourists. With a median home price of $535,000 in the Bishop area, Pine Creek Village offers an exceptional investment opportunity at under $250,000 per home. Established in 1947, this historical site originally served as housing for the Pine Creek Mine's workers, and it continues to offer significant value and potential.
$2,525,000
3781 W Line St Bishop, CA 93514
- Type:
- Cluster
- Sq.Ft.:
- 4,937
- Status:
- Active
- Beds:
- 12
- Lot size:
- 1.81 Acres
- Baths:
- 10.00
- MLS#:
- 24342881
ADDITIONAL INFORMATION
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).
Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361
Based on information from the Mammoth Lakes Board of REALTORS (alternatively, from the Mammoth Lakes Board of REALTORS® MLS) as of {{last updated}}. All data, including all measurements and calculations of areas, 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.
Bishop Real Estate
The median home value in Bishop, CA is $501,450. This is higher than the county median home value of $441,900. The national median home value is $338,100. The average price of homes sold in Bishop, CA is $501,450. Approximately 41.14% of Bishop homes are owned, compared to 50.4% rented, while 8.46% are vacant. Bishop real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Bishop real estate agent to arrange a tour today!
Bishop, California has a population of 3,800. Bishop is more family-centric than the surrounding county with 22.33% of the households containing married families with children. The county average for households married with children is 21.96%.
The median household income in Bishop, California is $71,927. The median household income for the surrounding county is $60,925 compared to the national median of $69,021. The median age of people living in Bishop is 50.2 years.
Bishop Weather
The average high temperature in July is 96.1 degrees, with an average low temperature in January of 20.8 degrees. The average rainfall is approximately 5.4 inches per year, with 8 inches of snow per year.