$ 850,000
-
$850,000
Price -
0
Bed -
0
Bath -
2,879
SqFt
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About the Listing ML38314 - ML152314
South Lake Tahoe multifamily investment opportunity located approximately three blocks from Lake Tahoe in the desirable Al Tahoe area. This 6 unit apartment property consists of approximately 2,879 SF situated on a 5,227 SF lot and offers significant value-add upside for investors, builders, or experienced rehab operators. Property requires heavy renovation and substantial repair work and is priced accordingly. Ideal opportunity for a buyer seeking a major fixer-upper with the potential to reposition, renovate, and maximize long-term income or resale value. Seller financing is available to qualified buyers. Based on estimated market rents and a 6% capitalization rate, the projected stabilized value after renovation may be approximately $1.3 million (pro forma estimate only; buyer to independently verify all assumptions and underwriting). Excellent walkable location near Lake Tahoe beaches, restaurants, shopping, and recreation, with convenient access to Heavenly Ski Resort and Stateline entertainment. Property sold strictly AS-IS. Buyer to independently verify all property information, unit count, permits, condition, financial projections, and redevelopment potential.
Listing Highlights
Status
Active With Contingency
Days on Site
33
Property Type
Commercial Sale
MLS ®
ML82043187
Year Built
1959
Total Square Footage
2,879
Lot/Acreage
0.12
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: HDR
- Roof: Metal
- Others:
- Sewer:
Financial Details
- Tax Amount: $11,018
- Taxes w/Assessments: N/A
- Tax/Property ID: 026084004000
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
3121 Pasadena Ave South Lake Tahoe, CA 96150
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