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$1,998,000
Est. payment /mo
10,018 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26083549
HOA Y/N No
Year Built 1969
Lot Size 10,018 Sqft
Property Sub-Type Multi Family
Property Description
Located in the highly desirable mountain community of Mammoth Lakes, this well-maintained 7-unit income property offers a rare opportunity to own a stable, cash-flowing asset with significant upside potential. Featuring a charming mountain chalet aesthetic, the property blends rustic appeal with practical functionality, making it highly attractive to both long-term tenants and seasonal renters. The property boasts consistent rental income across all seven units, complemented by an on-site laundry facility that generates additional revenue. A detached studio provides ideal accommodations for an on-site caretaker, enhancing property management efficiency and tenant satisfaction. One of the units is a spacious three-bedroom, two-bath layout, presenting a unique opportunity for an owner-user conversion or premium rental upgrade. Ample on-site parking adds convenience and desirability for residents and guests alike. Positioned just minutes from world-class recreation, including Mammoth Mountain Ski Resort, as well as dining, shopping, and year-round outdoor amenities, the location is a major draw. With Mammoth Lakes continuing to experience strong growth and development, this property presents both immediate income stability and long-term appreciation potential. Ideal for investors or owner-users seeking a foothold in a high-demand resort market, this is a versatile asset with multiple value-add opportunities, including potential expansion or redevelopment.
Location
State CA
County Mono
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Street Level
Story 2
Water Public
Others
Tax ID 022330012000
Special Listing Condition Standard
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Listed by Laurie Cappadocia Property Red 949-606-4396, DRE #01874298
NEARBY SCHOOLS & PROPERTIES
Crystal Bauer
Agent | License ID: CA 02099002- NV S.0196277
+1(530) 788-8251 | michellecrystal.bauer@exprealty.com