167 Crawford Ave Mammoth Lakes, CA 93546
This exceptional 3-acre property in Mammoth Lakes' Old Mammoth district presents a truly unique investment opportunity. Located at 167 Crawford Ave, this land parcel is comprised of six individual half-acre lots, each zoned Rural Residential. The property boasts a central yet private location, offering easy access to amenities while maintaining a secluded feel. Mature trees grace the land, providing both established beauty and potential for stunning views depending on future development plans. The site offers flexibility for various development scenarios, including a single large estate, multiple smaller estate lots (subject to potential lot line adjustments), or retention of the existing lot configuration for future development or open space preservation. The surrounding neighborhood is a charming blend of historic homes and expansive estates, ensuring a high-quality residential setting. The property is bordered by Crawford Ave, Garnet St, and June St. An existing 1960s cabin and accessory dwelling unit (ADU) are situated on the property. Importantly, while the entire property is currently under a single APN (022-350-006-000), separate titles for each of the six lots have been provided by Inyo Mono Title, confirming that the lots have not been merged or assembled. Note that the existing cabin straddles property lines. This property, last on the market in 1929, is offered at $3,200,000. The seller is open to considering all offers and inquiries. All information is deemed reliable but should be independently verified by the buyer. The property is a Tenancy in Common (TIC) ownership.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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