3781 W Line St, Bishop, CA 93514

3781 W Line St, Bishop, CA 93514

Bishop, CA

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. All units but one have been recently remodeled and re-rented, with three of the units being utilized as highly profitable Airbnbs/VRBOs (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 6.44% Cap Rate! Bishop has a highly supply constrained home and rental market with very few long or short-term options available to prospective tenants.

Property Features

  • Sale Price: $2,525,000
  • Area Size: 4,937 Sq. Ft.
  • Land Area: 1.81 Ac
  • Listing Date: 1/2/2024

Lyon Stahl Investment Real Estate

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