West Coast6.8% avg cap rate

Mammoth Lakes, CA

Eastern Sierra ski and hiking — high-altitude year-round demand

Mammoth Mountain is the highest ski resort in California and one of the largest in North America, with a season that often extends into June. The Eastern Sierra location makes Mammoth a 5-6 hour drive from LA — far enough to feel remote, close enough to sustain weekly demand from SoCal. Summer hiking, mountain biking, and June Lake access create genuine dual-season revenue.

6.8%
Avg Cap Rate
Net operating income / price
62%
Avg Occupancy
Annual average
$395
Avg Nightly Rate
All property types
$590K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
62% occ × $395/night
$89,389
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $35,756
Est. net operating income
Before mortgage & depreciation
$53,633
At median price
Implied cap rate
9.1%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Mammoth Lakes

Highest ski resort in California — season extends to June most years
Drive-to market for 20M+ LA/SoCal residents
Summer hiking and mountain biking create genuine dual-season demand
Mono County STR permit required
Peak season: Dec – May (extended ski), July – Aug (summer)
Top property types: Condo, Cabin, Townhouse, Single Family
Primary zip: 93546

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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