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Fourplex For Sale - by Matthew Lehman Real Estate

104 Joaquin, Mammoth Lakes, California 93546

Property Description

Four Units located at the western edge of Sierra Valley Sites, backing up to a wooded lot and Multi-Use Bike/walking path, and in close proximity to Sierra Star Golf Course. Long term, consistent income history. Four, two-bedroom, one-bath units and a detached two car garage with each side of the garage renting for $125. Unit #4 has been upgraded in recent years and rents for $1900. Units 1-3 are in average condition and not to the same upgraded condition as unit #4. Supported market rents are higher than current rents and rents can be increased per California Assembly Bill 1482. Reported net income assumes a 5% management fee, 4% annual expenses for repairs and maintenance, and property taxes based on Prop 13 given a new purchase. Good property for a local owner, particularly one that would like to live in one unit and rent the others. Current owner self-manages and has historically done repairs and maintenance himself. Current Gross income $79,800.

Listing Agency
Matthew Lehman Real Estate
Address Map
US
CA
Mammoth Lakes
Sierra Valley Sites I
93546
Joaquin
104
W119° 1' 21.9''
N37° 38' 48.6''
Mammoth Lakes
Parcel 8
104 Joaquin Road
Area
Mammoth Lakes
MLS Information
784
: Two
: Detached Garage
Back On Market
RMF-1
2
Commercial, Residential Income &
0
$365
Multi-family
Active


$1,145,000
Listing ID #210259
Basic Details
Property Type : Fourplex
Listing Type : For Sale
Listing ID : 210259
Price : $1,145,000