236 lagoon street

Positioned in a highly desirable location near downtown Bishop, this 3-unit residential income property offers an exceptional opportunity for investors. 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. When not used for seasonal housing, units sold nightly through and as part of the El Rancho Motel next door. Property features two buildings, the 2-bedroom cottage fully 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 is looking to do a 1031 exchange and will work with investors doing the same. Whether you're looking to expand your portfolio or secure a reliable income-producing asset, this property offers both solid current returns and future appreciation potential. Contact listing agent for more information.