3253 Meridian, Mammoth Lakes, CA, CA 93546
- $1,550,000
- List Price
- $1,550,000
- Price Change
- ▼ $15,000 1783731097
- Status
- ACTIVE
- MLS#
- OC26020694
- County
- Mono
- Year Built
- 1975
- Building Square Feet
- 2,280
- Square Feet
- 181
- Days on Market
- 182
- Property Type
- Multifamily
- Stories
- One Level
Property 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 Building’s 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 appreciation play in one of the town’s most established ski-area communities.
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Additional Information
- Parcel Number
- 032052260000
- Rent Control
- Yes
- Common Interest
- Condominium
- Gross Scheduled Income
- $119,690
- Operating Expense
- 105189
- Net Operating Income
- $94,500
- Number of Buildings
- 1
- HOA
- 792
- Second HOA
- 792
- Association Amenities
- Clubhouse, Fitness Center, Outdoor Cooking Area, Barbecue, Pickleball, Pool, Sauna, Spa/Hot Tub, Tennis Court(s)
- Fireplace Description
- Living Room
- Heat
- Baseboard, Fireplace(s)
- View
- Golf Course, Trees/Woods
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Biking, Hiking, Pool
Listing courtesy of Listing Agent: David Pitner (david.pitner@gmail.com) from Listing Office: David Pitner, Broker.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.