3253 Meridian Mammoth Lakes, CA $ 1,763,000
3253 Meridian
$ 1,763,000
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3253 Meridian

Mammoth Lakes, CA, 93546
$ 1,763,000
Baths1.0 Sq 2,280

Monthly Estimate*

$ 10,855

Listed by David Pitner, Broker
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Studio

Multi-Family Home for sale in Mammoth Lakes, CA

for $1,763,000 with 1 full bath. This 2,280 square foot home was built in 1975 on a lot size of 0.0042.

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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Multi-Family Active

Price

$ 1,763,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0042

Year Built

1975

Town/City

Mammoth Lakes

County/Region

Mono

MLS | Web ID

OC26020694

Days on Market

5

Features
General
Sewer Public Sewer
Heating Baseboard Fireplace(s)
Cooling None
HOA Fee 668.94
Garage Spaces 3
Pool Features Community Association
Year Built 1975
Tenant Pays See Remarks
View Golf Course Trees/Woods
Stories Count 1
Levels One
Property Subtype Condominium
Gross Income 190000
Community Features Biking Hiking Pool
Additional Parcels Description 032-052-249-000 032-052-264-000
HOA Fee 2 668.94
Assoc Fee Paid Per Monthly
County Mono
Net Operating Income 101000
Operating Expense 53476
Insurance Expense 3400
New Construction false
Property Type Residential Income
Association Amenities Clubhouse Fitness Center Outdoor Cooking Area Barbecue Pickleball Pool Sauna Spa/Hot Tub Tennis Court(s)
HOA true
MaintenanceExpense 1000
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions All 3 units located on the 2nd and 3rd levels of The Bradley Building in The Summit off Meridian Bl
City Mammoth Lakes
Association Name THE SUMMIT OWNERS ASSOCIATION
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 3
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 181
Listing Terms Cash to New Loan Conventional FHA
Spa Features Association Community
HOA Fee 2 Frequency Monthly
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 6000
Trash Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Property Sub Type Additional Condominium
Taxes 19360
Cap Rate 5.73
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Interior
Interior Amenities Furnished Main Level Primary
Fireplace Features Living Room
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N true
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Community Structure
Water Source Public
Total Parking 6
Lot Size Area 181
Number of Buildings 1
Spa true
Building Area Total 2280
Lot Size Acres 0.0042
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 3
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded Features
List By
David Pitner, Broker

Broker

david.pitner@gmail.com

Email

Affordability Calculator

$10,855
Per Month
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Monthly Principal & Interest
$10,855
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/29/2026$1,763,000 Listed Price

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3253 Meridian, Mammoth Lakes, CA, 93546 is a Multi-Family Home for sale at $1,763,000 with 2,280 sqft and a lot size of 0.0042. 3253 Meridian is a studio with 1.0 baths and was built in 1975. The property's zip code is 93546 which is in Mammoth Lakes, CA