Price reduced! Terrific 8-unit apartment building in convenient location off of Old Mammoth Road in Mammoth Lakes, California. Terrific approximate 12.88 Gross Rent Multiplier (GRM)!. This property consists of 3 buildings and offers a mix of (4) 1-bedroom + 1 bath units and (4) studio units + 1 bath units, historically in high demand. Rarely a vacancy! Separately metered for electricity and gas. Some units recently upgraded with new flooring and paint. Each unit with balcony area. Metal roof and nicely maintained. Additionally, there's potential for increased revenue as many units currently rented below market rates. The property also features a double lot, providing space for snow storage during winters and shuttle bus stop across the street. Owners unit, intentionally left vacant, with upgraded quartz countertop, stainless steel appliances, new flooring, paint, electric heater and upgraded bathroom. A rare find for this great condition investment property!
Fully rented 4-plex in desirable area: Tenants have been there for years. Property consists of 2 buildings: All units are 2 bedroom/1 bath units. There is an additional laundry room located between the 2 buildings. All electric heat with no fireplace or woodstove. The subject backs to the 25 acre Town of Mammoth Lakes parcel
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.
Mammoth Lakes is located in California. Mammoth Lakes, California has a population of 8,092. Mammoth Lakes is more family-centric than the surrounding county with 31.71% of the households containing married families with children. The county average for households married with children is 26.79%.
The median household income in Mammoth Lakes, California is $62,308. The median household income for the surrounding county is $60,595 compared to the national median of $57,652. The median age of people living in Mammoth Lakes is 32.4 years.
The average high temperature in July is 88.6 degrees, with an average low temperature in January of 23 degrees. The average rainfall is approximately 21.3 inches per year, with 11.7 inches of snow per year.
