Real Estate in Mammoth Lakes – 48 Lupin Street
While land in Mammoth Lakes is not impossible to find it is becoming less prevalent. As populations grow, the need for development grows as well in order to accommodate housing needs. Over time this diminishes the supply of available land and ultimately can result in greater demand for the remaining vacant land.
Mammoth Lakes is in a unique situation due to the fact the entire town is surrounded by government lands and other undevelop-able areas, further limiting availability. Mono County, the County in which Mammoth Lakes resides, maintains approximately 1% of its lands under private ownership.
48 Lupin Street is a .54 acre lot centrally located within the Town of Mammoth Lakes. The lot is zoned, RMF-1, or Residential Multi-Family 1, and would normally allow up to 12 units per acre to be built on its level topography. In this specific case 6 units would typically be permitted, however this property has an approved tentative tract map allowing 9 units. Of these 9 units, 3 are permitted to be three bedrooms while the other 6 are one bedroom configurations… each with a two car tandem garage.
This property would ideally be improved with affordably priced entry level units as this is the makeup of the immediate neighborhood (Sierra Valley Sites).
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