Active
1600 Pine Creek Road
Bishop CA, 93514
$21,000,000
Active
Multi-family
Listed by Jacob Rasmuson of Bishop Real Estate, Rasmuson & Associates, Contact: 619-971-0544
Discover Pine Creek Village, a prime real estate investment located at the base of the Sierra Nevada Mountains near Bishop, CA. This expansive 58-acre property includes 85 rental homes. The community features 64 three-bedroom, one-bath homes and 21 two-bedroom, one-bath homes , averaging 1,029 square feet each. Recent upgrades include new roofs, double-pane windows, Internet, and modernized kitchens and bathrooms. The property has three domestic wells and two water storage tanks encompassing a community water system, a wastewater treatment facility, and a 2400 square foot maintenance building and large storage yard. Potential subdivision would provide for existing homes on lots averaging 10,000 square feet, with the additional acreage for future development. Currently the zoning is a mix of R3 medium high-density and open space uses. Located just 15 miles from Bishop, CA, and 35 miles from Mammoth Lakes, CA where nationally recognized Mammoth Mountain ski resort is located, this property serves the vibrant communities of Bishop, Mammoth Lakes, and beyond. The Eastern Sierra region, renowned for its outdoor recreational opportunities, is a desirable destination for both residents and tourists. With a median home price of $535,000 in the Bishop area, Pine Creek Village offers an exceptional investment opportunity at under $250,000 per home. Established in 1947, this historical site originally served as housing for the Pine Creek Mine's workers, and it continues to offer significant value and potential.
240516
MLSⓇ ID
August 5, 2024
Listed
November 23, 2024
Updated
Map
1600 Pine Creek Road
Bishop CA, 93514
Interior Features
Total Stories
1
Interior Features
Carpet
Appliances
Refrigerator, Elec Range/Oven
Laundry Description
Other/See Remarks
Fireplace
No
Fireplace Description
None
Cooling
No
Heating
Yes
Heating Description
Wall Heater
Exterior/Building Features
Exterior Features
Paved Street
Roof
Composition
Sewer
Other/See Remarks
Other Property Details
Area Name
Round Valley
Garage
No
View
No
Water Source
Well Community
Pool
No
Based on information from Mammoth Lakes Board of REALTORS® as of 11/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
©2024 Mammoth Lakes Board of REALTORS®. All rights reserved.
Data last updated 12:05 AM UTC, 11/23/2024