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).
Bishop is located in California. Bishop, California has a population of 3,802. Bishop is less family-centric than the surrounding county with 21.45% of the households containing married families with children. The county average for households married with children is 22.97%.
The median household income in Bishop, California is $41,489. The median household income for the surrounding county is $51,500 compared to the national median of $57,652. The median age of people living in Bishop is 45 years.
The average high temperature in July is 98.4 degrees, with an average low temperature in January of 23 degrees. The average rainfall is approximately 13.3 inches per year, with 6.8 inches of snow per year.
