104 Joaquin Road,
Mammoth Lakes, CA 93546
- Listing #210259
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 Type||For Sale|
|Heating and Cooling||Electric|
|Fireplace||Wood Stove, In Living Room|
|Exterior||Frame, Wood Siding|
Courtesy of Matthew Lehman Real Estate
Copyright 2021, Mammoth Lakes Board of Realtors. All rights reserved. The data relating to real estate for sale on this website is deemed reliable but not guaranteed.
This content last updated on 10/23/2021 3:56 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.