Add to Favorites Add to Favorites
Share Share
Add to Favorites
For Sale


168 Mono Street
Mammoth Lakes, CA 93546

Bed 8 br
Bathroom 5 ba
Sqft 3,315 sqft
Highly sought after and well maintained Residential Income Opportunity! Four units with 6 garages(1 garage for each unit and 2 tandem garages currently rented separately). Three 2 Bed/1 Bath units, One 2 Bed/2 Bath unit. Each unit has its own private laundry, woodstove and forced air heating. Exterior was painted in the summer of 2020, new metal roof installed 2018 and all tenants have paid rents in full, even during Covid 19. The owners of this fourplex have maintained this property to a strict maintenance schedule with $69,187 in capital improvements the past 3 years alone; includes replacement of the roof, new appliances, new woodstoves, exterior painting, replacement of stairs, and much more. The great condition of this property is what separates it from most other income properties in Mammoth Lakes. Rents have been kept below market during Covid-19 in an effort to ensure timely rent payments; all tenants have stayed current during the pandemic. Market rents are higher than actual rents and can be increase as each short term lease expires. Rents are renewable under State AB-1482 can meet current market rents within 2 years. (assumes 5% increases under the law with only a 1% CPI increase). In addition to this subject property being offered for sale, the owner also has 169 Lupin Street (nearly identical project) being sold for the same price. 169 Lupin is contiguous to 168 Mono Street and would be a great opportunity to take advantage of economies of scale. The owner is also selling 363 Manzanita (5 units). Selling as a package, or not, is negotiable. Income does not include potential rent for owner occupied tandem garage, for which market rent is estimated at $500 per month. Net income provided herein reflects current taxes and doesn't incorporate Capital Improvements over the past 3 years. Actual Expenses in 2020 were $30,451. Gross Annual Market Rents are estimated to be $93,600. Call for detailed Offering Package. Read More

Market Status
Last Updated
May 16, 2021

Property Type
Multi Family
Year Built
8 BR
5 full BA
Heating System
Fireplace; Forced Air
Exterior Construction
Wood Siding
4 spaces
Property Type
MultiFamily; Quadruplex
Additional Areas
Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Patio

Local Market Conditions

There are currently 14 properties for sale in the Mammoth Lakes, CA area with the average listing price of $862,315. This represents an increase of +7.1% over the previous week. To learn more about the Mammoth Lakes, CA area, contact a local expert!

Market Snapshot for Mammoth Lakes, CA

Avg. Listing Price


Wk ending May 15










Average Listing Price for Mammoth Lakes, CA
No. BedroomsNo. Beds Week Ending
(May 15)
w-o-w Week Ending
(May 8)
Week Ending
(May 1)
Week Ending
(Apr 24)
All PropertiesAll $862,315 +7.1% $804,886 $861,455 $861,455
1 bedroom1 BR $525,000 +0.0% $525,000 $525,000 $525,000
2 bedrooms2 BR $592,225 -12.1% $673,780 $678,000 $678,000
3 bedrooms3 BR $782,333 +0.0% $782,333 - -
4 bedrooms4 BR $981,250 +0.0% $981,250 $975,667 $975,667

Home loan
Need a Home Loan?
Take the first step to secure financing for your home.
This $1,205,000 Multi Family at 168 Mono Street in Mammoth Lakes, CA is presented by Cynthia Fleming and has been on the market for 62 days. This $1,205,000 Multi Family, located in the 93546 zip code, has the following property features: Heating System, Microwave, Fireplace, Disposal. This 168 Mono Street Multi Family, located in Mono County , is listed under MLS listing number 210223, has 8 beds, 5 baths, and has a listing price of $1,205,000. You can find more Mammoth Lakes homes for sale here.

Data Provided by Mammoth Lakes Board of Realtors, Inc

More Information for this listing

Request More Information