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3121 Pasadena AVE South Lake Tahoe, CA 96150
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82043187
HOA Y/N No
Year Built 1959
Annual Tax Amount $11,018
Lot Size 5,227 Sqft
Property Description
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. 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.
Location
State CA
County El Dorado
Area 699 - Not Defined
Zoning HDR
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Metal
Building
Water Public
Schools
School District Other
Others
Tax ID 026084004000
Special Listing Condition Standard
Listed by Moon Choe Blue Moon Realty #01217391
NEARBY SCHOOL & BUSINESS