104 Joaquin Mammoth Lakes, CA 93546

$1,145,000 N/A N/A
Price Bedrooms Bathrooms
Price has not changed since being added to site on 3/26/2021
Status: Active

MLS #: 210259

Fourplex Sq. Feet: N/A
On Site: 18 Days Lot Size: N/A
Neighborhood: See All Properties for Sale in Sierra Valley Sites I
DESCRIPTION
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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.
ARCHITECTURE
Construction: frame, wood siding
Number of Units: 4
Roof: metal
FEATURES / AMENITIES
Unit 2: Bedrooms: 2 / Baths: 1 / Approx. Sq. Ft.: 784 / Rent: 1600 / Furnished: NoUnit 3: Bedrooms: 2 / Baths: 1 / Approx. Sq. Ft.: 784 / Rent: 1575 / Furnished: No
Interior Features: carpet
Features Exterior: open deck, open balcony
Appliances: dishwasher, garbage disposal, range hood
Woodstove / Fireplace: wood stove, in living roomUnit 1: Bedrooms: 2 / Baths: 1 / Approx. Sq. Ft.: 784 / Rent: 1450 / Furnished: No
PROPERTY FEATURES
Lot: cleared lot, level
Garage: 2 spaces, Detached Garage
Zoning: RMF-1
COMMUNITY, TAX AND RELATED INFO
Area: Mammoth Lakes
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Listing Information Last Updated 4/12/2021
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