3781 W Line St, Bishop, CA 93514

About this property

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).

Listing description from the January 2025 sale, as reported to CRMLS.

Sale history

$2,400,000

Sold January 2025 · listed $2,525,000, on market December 2023 · MLS #24342881 · Source: CRMLS

Listing Agent: Jake Glaser · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Jake Glaser · Lyon Stahl Investment Real Estate, Inc.

$1,800,000

Sold June 2023 · listed $2,200,000, on market March 2023 · MLS #PV23034692 · Source: CRMLS

Listing Agent: Kelly Smith · Listing Office: Keller Williams Realty · Contact: 310-245-0979 · Bought with: Kelly Smith · Keller Williams Realty

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