1600 Pine Creek Rd, Bishop, CA 93514

Remarks

Pine Creek Village

1. The property includes 85 existing homes located on a single 30.58-acre parcel.
2. Also included a domestic water system, a wastewater treatment facility, and a 2400 square foot maintenance building.
3. All 85 homes are rented except for when a tenant moves out.
4. The current gross rent is approximately $118,000 per month.   
5. Homes include 64 three-bedroom one bath and 21 two-bedroom one bath. 
6. The average size of the 85 homes is 1,029 square feet.
7. A subdivision could average approximately 10,000 square foot lots for each existing home with 3 additional lots.
8. Located at the base of the Sierra Nevada Mountains.  15 miles to Bishop, CA and 35 miles to Mammoth Lakes, CA
9. Homes include upgrades such as new roofs, double-pane windows, interior and exterior painting, remodeling kitchens & bathrooms, replacing carpet with plank flooring, highspeed internet and other improvements. 
10. Seller financing may be available. 

Area Information

1. The property is located near the border of Inyo and Mono Counties primarily serving the communities of Bishop and Mammoth Lakes.
2. Less than 2% of the land in Inyo County is privately owned.  Mono County is at 4%. 
3. The current median home price for the Bishop, Ca area is approximately $500,000.
4. The property is available for just over $175,000 per home. 
5. Established in 1947, when the US Vanadium Corporation purchased the former Foreman Ranch near the mouth of Pine Creek Canyon to house workers at their high-altitude Pine Creek Mine, which had expanded due to military demand for tungsten during World War II.
6. Bishop California and the Eastern Sierra is located between Death Valley and Yosemite National Parks.  The area offers some of the best hiking, camping, rock climbing, skiing at Mammoth Mountain, off-roading, fishing, hunting, and many other outdoor activities. 
7. Located; 200 miles to Reno, NV 275 miles to Los Angeles; 275 miles to Las Vegas, and 300 miles to San Francisco. 
8. United Airlines commercial air service at the Bishop Airport. 

General Information