Located in the highly desirable mountain community of Mammoth Lakes, this well-maintained 7-unit income property offers a rare opportunity to own a stable, cash-flowing asset with significant upside potential. Featuring a charming mountain chalet aesthetic, the property blends rustic appeal with practical functionality, making it highly attractive to both long-term tenants and seasonal renters. The property boasts consistent rental income across all seven units, complemented by an on-site laundry facility that generates additional revenue. A detached studio provides ideal accommodations for an on-site caretaker, enhancing property management efficiency and tenant satisfaction. One of the units is a spacious three-bedroom, two-bath layout, presenting a unique opportunity for an owner-user conversion or premium rental upgrade. Ample on-site parking adds convenience and desirability for residents and guests alike. Positioned just minutes from world-class recreation, including Mammoth Mountain Ski Resort, as well as dining, shopping, and year-round outdoor amenities, the location is a major draw. With Mammoth Lakes continuing to experience strong growth and development, this property presents both immediate income stability and long-term appreciation potential. Ideal for investors or owner-users seeking a foothold in a high-demand resort market, this is a versatile asset with multiple value-add opportunities, including potential expansion or redevelopment.
| MLS # | OC26092085 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1969 |
| Days On Site | 115 |
| Listing Provided By | Property Red | Laurie Cappadocia |
| SQ Feet | 3,560 |
|---|---|
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 3 |
| Acreage | 0.23 |
| Lot Features | Street Level |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Biking, Hiking, Mountainous |
|---|
| State | CA |
|---|---|
| County | Mono |
| City | Mammoth Lakes |
| Zip Code | 93546 |
| Listing VS Median (in 93546) | |
Price: $1,848,000 low | high Med: $1,848,000 sqft: 3,560 low | high Med: 3,560 $ / sqft: $519 low | high Med: $519 On site: 115 low | high Med: 120.5 | |
| State | CA |
|---|---|
| County | Mono |
| City | Mammoth Lakes |
| Zip Code | 93546 |
| Listing VS Median (in 93546) | |
Price: $1,848,000 low | high Med: $1,848,000 sqft: 3,560 low | high Med: 3,560 $ / sqft: $519 low | high Med: $519 On site: 115 low | high Med: 120.5 | |
![]() | $1,848,0001801 Old MammothMammoth Lakes, CA 93546 |