Lagoon Street, Bishop, CA 93514

Property Description

Positioned in a highly desirable location near downtown Bishop, this 3-unit residential income property offers an exceptional opportunity for investors seeking residential income investment property. Being sold as part of a portfolio of several other Bishop properties including motels that contract with Mammoth Mountain during snow season to house their overflow seasonal workforce. They are willing to work with new owner(s) to continue this arrangement. Two of the portfolio properties for sale are right next door at 274 Lagoon St and 331 S Warren St. This is an exceptional opportunity for an investor seeking both stability and upside income potential. Contact listing agent for more information.Property features two buildings, the 2-bedroom cottage was refurbished in 2025, has the original knotty pine walls in the living room and hallway, full kitchen, 1 bathroom with new bathroom fixtures, tile shower, LVP flooring, granite kitchen counter, farmhouse sink, new faucet. The bungalow has two 2-bedroom units, full kitchens and bathrooms with showers. Seller will do a 1031 exchange and will work with investors doing the same.