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3781 W Line St, Bishop, CA 93514

$2,486,983
Last sold 11/13/2024 for $2.4M
12
bed
10
bath
4,937
Sqft ($486/Sqft)

Multi-family not for sale

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About 3781 W Line St

Property type Multi-family

Neighborhood

HOA fee $0/month

Lot size 1.81 Acre

Movoto estimate

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).

Listed by

Listing Agent - Jake Glaser

Listing Office - Lyon Stahl Investment Real Estate, Inc.

Source: The MLS

MLS#24-342881 • last updated 1 year ago

Movoto checked The MLS for data 4 minutes ago

Overview
Levels/Style	Two
MLS #	24-342881
Type	Residential Income
Status	Sold
SqFt	4937
Lot Size (SqFt)	78844

Interior
Total # of Baths	10
Total # of Bedrooms	12

Exterior
Parking Desc	Garage Is Attached, Uncovered, Driveway
Add'l Structures	None

Amenities / Utilities
Equipment	None

Location
County	Inyo
View	Creek/Stream, Pond
APN	UNAVAILABLE

Multifamily Details
Unit 5: # Baths	1, 1
Unit 8: Furnished	No
Unit 9: Furnished	No
Unit 3: Furnished	No
Unit 1: Furnished	No
Unit 6: Furnished	No
Unit 7: Furnished	No
Unit 4: Furnished	No
Unit 5: Furnished	No
Unit 9: Projected Rent	2500
Unit 8: Projected Rent	1600
Unit 3: Projected Rent	2500
Unit 1: Projected Rent	4000
Unit 7: Projected Rent	2500
Unit 7: # Baths	1
Unit 9: # Beds	1
Unit 1: # Beds	4
Unit 7: # Beds	1
Unit 6: # Beds	2
Unit 4: # Beds	1
Unit 7: Rent	1200
Unit 1: Rent	2800
Unit 2: Rent	925
Unit 3: Rent	2500
Unit 4: Rent	2500
Unit 5: Rent	1500
Unit 6: Rent	2800
Unit 8: Rent	1600
Unit 9: Rent	2500
Unit 2: Furnished	No
Unit 2: Projected Rent	2500
Unit 6: Projected Rent	2800
Unit 5: Projected Rent	2500
Unit 4: Projected Rent	2500
Unit 3: # Beds	1
Unit 2: # Beds	1
Unit 2: # Baths	1
Unit 3: # Baths	1
Unit 1: # Baths	2
Unit 4: # Baths	1
Unit 8: # Baths	1
Unit 9: # Baths	1
Unit 5: # Beds	1
Unit 7: Actual Rent	1200
Unit 2: Actual Rent	925
Unit Type	2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
Unit 5: Actual Rent	1500
Unit 1: Actual Rent	2800
Total # Of Buildings	8
Net Operating Income	151897
Cap Rate	6.02
Vacancy Amount (%)	3
Vacancy Rate	5
Gross Income	219900
Gross Operating Income	213303
Gross Rent Multiplier	11.48
Total Annual Expenses	61406