1801 Old Mammoth Rd - Apartments FOR SALE


Mammoth Lakes, CA 93546
$1,998,000 USD
949-606-4396
1801 Old Mammoth Rd, Mammoth Lakes, CA for Sale
$1,998,000 USD
Apartments - FOR SALE
1/9
null | 5.8% Cap Rate

1801 Old Mammoth Rd
Mammoth Lakes, CA 93546


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,998,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

6

PRICE/UNIT

$333,000

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RMF-1

APN/PARCEL ID

022-330-012-000

ASK ABOUT THIS PROPERTY

Laurie CappadociaProperty RedMore Info
949-606-4396

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Laurie CappadociaProperty RedMore Info
949-606-4396

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.