$3,295,000
$3,345,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
0.84 Acres Lot
SOLD DATE : 04/10/2021
Key Details
Sold Price $3,295,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20037508
Sold Date 04/10/21
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1974
Lot Size 0.839 Acres
Acres 0.8393
Property Description
Amazing investment opportunity to own a well performing complex in an area with highly restrictive building regulations. This four building townhouse style complex has been remodeled and includes new kitchens & baths with granite counters, new roofs, landscaping , door & windows and remodeled interiors. Additionally, the property has its own rental website and onsite security cameras. The complex has a mix of 12 one bedroom and 6 two bedroom units. Some tenants have resided there for over 20 years. The property is located in the highly desirable area of South Lake Tahoe that is within walking distance to Heavenly Village & Ski resort. South Lake Tahoe has some of the most restrictive regulations on new building in the country, which makes competing developments almost impossible to build.
Location
State CA
County El Dorado
Area 13301
Direction Highway 50 to Pioneer Trail in South Lake Tahoe.
Interior
Heating Baseboard
Cooling None
Flooring Carpet, Tile
Equipment None
Window Features Dual Pane Full
Appliance Built-In Electric Oven, Disposal, Free Standing Electric Oven, Free Standing Refrigerator
Exterior
Garage 1 Space Per Unit
Amenities Available None
Water Access Desc Public
Roof Type Composition
Porch Uncovered Deck, Varies by Unit
Total Parking Spaces 26
Building
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Ranch
Schools
Elementary Schools Tahoe-Truckee
Middle Schools Tahoe-Truckee
High Schools Tahoe-Truckee
School District El Dorado
Others
Senior Community No
Tax ID 029-181-001
Special Listing Condition None
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