$2,400,000
SOLD JAN 15, 2025

3781 W Line St Bishop, CA 93514

12 Beds
10 Baths
4,937 Sq Ft
1.81 Acres

Recently Sold

$486 Per Sq Ft

5% Below List Price

318 Days on Market

Highlights

  • Pond View
  • Central Heating and Cooling System
  • 4-minute walk to Izaak Walton Park
  • 78,844 Sq Ft lot

About This Home

As of January 2025

Fantastic 9-unit investment property located in Bishop, CA. This large, picturesque property sits on a 1.81 Acre Lot with a 1,000 SqFt trout pond, old growth trees and multiple creeks running through it. The property features 8 separate "single family" style structures, comprising 9 units and 4,937 square feet of living area in total. The front 4-bedroom main house also features a large private garage. The majority of the units have been recently remodeled and re-rented, with five of the units able to be delivered vacant. All in all, the property has received $300K - $400K of recent capital improvements including interior remodels, new exterior paint, concrete driveway / walkways, an automatic sprinkler system and newer copper water lines. 3781 W Line St offers a strong Day 1 cash flow currently sitting at a 6.02% Cap Rate! Additionally, a new buyer may be able to build 1-4 ADUs on the vacant back portion of the lot (Buyer to carry out their own investigation).

Last Agent to Sell the Property

Jake Glaser

Lyon Stahl Investment Real Estate, Inc. License #02128816 Listed on: 12/31/2023

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Jake Glaser

Lyon Stahl Investment Real Estate, Inc. License #02128816 Listed on: 12/31/2023

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Property Views

  • Pond
  • Creek or Stream

Home Design

Interior Spaces

  • 4,937 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Parking

  • 20 Open Parking Spaces
  • Driveway

Additional Features

  • 1.81 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 8 Buildings
  • 9 Units

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4937
  • Stories: 2
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 511.44

Exterior Features

  • Other Structures: None
  • View: Creek/Stream, Pond
  • View: Yes

Garage/Parking

  • Other Spaces: 20
  • Parking Garage: Garage Is Attached, Uncovered, Driveway

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Lot Size Area: 78844

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 11.48
  • Number Of Units: 9
  • Total Annual Expense: 61406
  • Type Of Units: n/a
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 5

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $2,400,000 0.0% --
01/15/2025 01/15/25 Sold $2,400,000 -5.0% $486 / Sq Ft
11/13/2024 11/13/24 Pending -- -- --
11/01/2024 11/01/24 Pending -- -- --
10/01/2024 10/01/24 For Sale $2,525,000 0.0% --
12/31/2023 12/31/23 For Sale $2,525,000 +40.3% $511 / Sq Ft
06/01/2023 06/01/23 Sold $1,800,000 +2.3% $381 / Sq Ft
05/02/2023 05/02/23 Sold $1,760,000 -20.0% $372 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $2,200,000 0.0% $465 / Sq Ft
02/20/2023 02/20/23 For Sale $2,200,000 -- $465 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jake Glaser

    Seller's Agent in 2025

    Jake Glaser

    Lyon Stahl Investment Real Estate, Inc.

    (310) 494-6368

    1 in this area

    35 Total Sales

    Jake Glaser
    Section Image
  • Curtis Amundson

    Buyer's Agent in 2025

    Curtis Amundson

    Bishop Real Estate Rasmuson & Associates

    (760) 258-5428

    13 in this area

    192 Total Sales

    Curtis Amundson
    Section Image
  • Kelly Smith

    Seller's Agent in 2023

    Kelly Smith

    Keller Williams Realty

    (310) 245-0979

    1 in this area

    25 Total Sales

    Kelly Smith
    Section Image

  • J

    Buyer's Agent in 2023

    Jennifer Johnston

    Eastern Sierra Realty

    (760) 258-7232

    8 in this area

    51 Total Sales

    Jennifer Johnston
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-342881

The MLS

California Inyo County Bishop 93514

3781 W Line St, Bishop, CA

This home is located at 3781 W Line St, Bishop, CA 93514 and is currently priced at $2,400,000, approximately $486 per square foot. 3781 W Line St is a home located in Inyo County with nearby schools including Pine Street Elementary School, Elm Street Elementary School, and Home Street Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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