David Pitner, Broker
Listed by David Pitner, Broker
$1,550,000
3253 Meridian
Details
APN 032052260000
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 5.73%
Buildings 1
Stories 1
Acreage 0.004
Zoning Assessor
Multifamily | 5.73% CAP | 3 Units
Marketing description
Rare opportunity to acquire a three-unit condominium portfolio within the highly desirable Bradley Building at the Summit Condominiums, a scenario seldom available in Mammoth Lakes. These three condos Units 249, 260, and 264 are all located within the same building, offering operational efficiency, consistent management, and long-term strategic value for investors and second-home buyers alike. Each residence features elevator access from underground garage parking and walkable proximity to Eagle Lodge ski access, with immediate access to year-round recreation. The portfolio offers a diverse yet complementary mix of floor plans, including main-level bedrooms, lofted sleeping areas with en-suite bathrooms, private balconies, and one unit with direct Sierra Star Golf Course views. All units are currently operated as licensed short-term rentals, providing immediate income potential. The Summit Condominiums are among Mammoth Lakes most sought-after communities, offering resort-style amenities including seasonal pools and spas, saunas, a fitness center, BBQ areas, and meticulously maintained grounds. The Bradley Buildings central location within the complex, combined with elevator service and underground parking, enhances guest appeal and long-term desirability. Opportunities to purchase multiple condos within the same building let alone three are exceptionally rare in Mammoth Lakes. This portfolio offers a unique blend of scale, walkability, strong rental demand, and future flexibility, whether held as a cash-flowing investment, personal mountain compound, or long-term appre
Listing Contacts
David Pitner, Broker
Listed by David Pitner, Broker
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