Mammoth Lakes, CA 93546 3253 Meridian
$1,565,000



38 more






































Presented By: David Pitner with David Pitner, Broker; david.pitner@gmail.com
Home Details
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.
Presented By: David Pitner with David Pitner, Broker; david.pitner@gmail.com
Interior Features for 3253 Meridian
Other Interior Features
Air Conditioning Y/NNo
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Interior AmenitiesFurnished, MainLevelPrimary
Laundry FeaturesCommonArea
Total Stories1
Other Rooms
Entry Level1
General for 3253 Meridian
Additional Parcels Description032-052-249-000, 032-052-264-000
Additional Parcels Y/NNo
Assoc Fee Paid PerMonthly
Association AmenitiesClubhouse, FitnessCenter, OutdoorCookingArea, Barbecue, Pickleball, Pool, Sauna, SpaHotTub, TennisCourts
Association NameTHE SUMMIT OWNERS ASSOCIATION
AssociationName2THE SUMMIT OWNERS ASSOCIATION
Building Area UnitsSquareFeet
Cap Rate5.73
CityMammoth Lakes
Community FeaturesBiking, Hiking, Pool
CoolingNone
CountyMono
DirectionsAll 3 units located on the 2nd and 3rd levels of The Bradley Building in The Summit off Meridian Bl
Electric Expense6000
Entry Location1
Garage Spaces3
Garage Y/NYes
Gross Income190000
HOAYes
HOA Fee$668.94
HOA Fee 2668.94
HOA Fee 2 FrequencyMonthly
HeatingBaseboard, Fireplaces
Insurance Expense3400
Land Lease Y/NNo
LevelsOne
Listing TermsCashToNewLoan, Conventional, FHA
Lot Size Square Feet181
Lot Size UnitsSquareFeet
MaintenanceExpense1000
Net Operating Income101000
New ConstructionNo
Number Of Units Total3
Open Parking Spaces3
Operating Expense53476
Pool FeaturesCommunity, Association
PostalCityMAMMOTH LAKES
Property Attached Y/NYes
Property Sub Type AdditionalCondominium
Property SubtypeCondominium
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesAssociation, Community
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Taxes$19,360
Tenant PaysSeeRemarks
Trash Expense0
ViewGolfCourse, TreesWoods
Year Built1975
Year Built SourceAssessor
Exterior for 3253 Meridian
Building Area Total2280
Lot Size Acres0.0042
Lot Size Area181
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Parking FeaturesCommunityStructure
Private PoolNo
SpaYes
Total Parking6
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®

SQFT • 2,280