1839 Old Mammoth Road, Mammoth Lakes, California

$1,695,000

Previous Next

About 1839 Old Mammoth Road

Price reduced! Terrific 8-unit apartment building in convenient location off of Old Mammoth Road in Mammoth Lakes, California. Terrific approximate 13.25 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!

Features of 1839 Old Mammoth Road

MLS® # 240099
Price $1,695,000
Type MULTI-FAMILY
Sub-Type Four Plus
Status ACTIVE-PRICE CHG

Community Information

Address 1839 Old Mammoth Road
Area Mammoth Lakes
Subdivision Mammoth Camp Tract II
City Mammoth Lakes
State California
Zip Code 93546

Amenities

Garages None

Interior

Interior Features New Paint, Vinyl Floors, Carpet, Window Coverings, Ceiling Fans, Smoke Detector
Heating Natural Gas, Electric, Wall Heater
Cooling None
Fireplaces None
Stories 2

Exterior

Exterior Frame, Wood Siding
Exterior Features Dirt Driveway
Windows Single Pane, Double Pane
Roof Metal

Additional Information

Date Listed February 26th, 2024
Zoning RMF-1

Listing Details

Listing byHeritage Real Estate Group

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?