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Bishop and Olancha Investment Holdings 3 Properties Offered at $8,390,000 in Multiple Locations
Investment Highlights
- Each property is listed and priced separately. Open to offers on multiple properties.
- Current owner will work with new owner the next winter season for a smooth transition with Mammoth Mountain
- Olancha RV and Mobile Home Park with cafe is minutes from Death Valley NP and Whitney Portal and Mount Whitney
- Mammoth Mountain contracts rooms from 5 Bishop properties to house seasonal workforce 4-6 months depending on snowfall (2 properites not listed yet)
- Furnishings and inventory included in sale. All properties in operational order generating good income.
- 363 Short St, Bishop, CA - 100% occupied, long-term tenants some below market rent
Executive Summary
Private investor selling motels, commercial residential, and multi-family properties in Bishop, CA. Long time relationship with Mammoth Mountain to house seasonal workforce 4-6 months out of year in 5 of the properties. Continued relationship with new owners desired by Mammoth Mountain, and the owner will help with transition the first year. Multi-family property, 363 Short Street, with long-time residents, and 100% occupancy. See documents for I&E information.
Olancha RV and Mobile Home Park has 50 RV spots, ten 2-bedroom mobile homes with full kitchens, 11 teepees for overnight stays - think glamping. Manager's residence is a double-wide manufactured home, original main house is the office and cafe, swimming pool, bath houses, and laundry facilities for guests. Two wells on site, 3 septic tanks service the property. Just off Hwy 395 on SR 190 in Olancha, the road to Death Valley National Park and minutes from Whitney Portal and Mount Whitney to the north.
Listing prices on each property:
363 Short Street, Bishop, CA $1,995,000
274 Lagoon St, Bishop, CA (El Rancho Motel) $1,500,000
236 Lagoon St, Bishop, CA $900,000
331 S Warren St, Bishop, CA $1,000,000
2371 US Hwy 395, Olancha, CA (Olancha RV and Mobile Home Park) $2,900,000
1.0 acre VL parcel, Olancha, CA $20,000
2.24 acre VL parcel, Olancha, CA $25,000
9.5 acre VL parcel, Olancha, CA 50,000
Vacant Land parcels are adjacent to the north and south of the RV Park
Olancha RV and Mobile Home Park has 50 RV spots, ten 2-bedroom mobile homes with full kitchens, 11 teepees for overnight stays - think glamping. Manager's residence is a double-wide manufactured home, original main house is the office and cafe, swimming pool, bath houses, and laundry facilities for guests. Two wells on site, 3 septic tanks service the property. Just off Hwy 395 on SR 190 in Olancha, the road to Death Valley National Park and minutes from Whitney Portal and Mount Whitney to the north.
Listing prices on each property:
363 Short Street, Bishop, CA $1,995,000
274 Lagoon St, Bishop, CA (El Rancho Motel) $1,500,000
236 Lagoon St, Bishop, CA $900,000
331 S Warren St, Bishop, CA $1,000,000
2371 US Hwy 395, Olancha, CA (Olancha RV and Mobile Home Park) $2,900,000
1.0 acre VL parcel, Olancha, CA $20,000
2.24 acre VL parcel, Olancha, CA $25,000
9.5 acre VL parcel, Olancha, CA 50,000
Vacant Land parcels are adjacent to the north and south of the RV Park
Property Facts
| Price | $8,390,000 | Number of Properties | 6 |
| Price / SF | $1,090 / SF | Individually For Sale | 0 |
| Sale Condition | 1031 Exchange | Total Building Size | 7,696 SF |
| Sale Type | Investment or Owner User | Total Land Area | 7.60 AC |
| Status | Active |
| Price | $8,390,000 |
| Price / SF | $1,090 / SF |
| Sale Condition | 1031 Exchange |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 7,696 SF |
| Total Land Area | 7.60 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
El Rancho Motel
274 Lagoon St, Bishop, CA 93514 |
Hospitality | 7,696 SF | 1947 | - |
|
2.24 acres vacant land
2079 Highway 395, Olancha, CA 93549 |
Land | 2.24 AC | - | - |
| 2371 US 395 Hwy, Olancha, CA 93549 | Multifamily | - | 1951 | - |
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