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Key Details
Sold Price $2,800,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222079299
Sold Date 01/06/23
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1961
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Situated on two parcels and located in the heart of South Lake Tahoe, this trophy asset is minutes away from major attractions, adventure and entertainment. A multifamily property with 10 units; 2 two-bed/one-bath and 8 one bed/one-bath. The current owner has gutted every unit and added high end finishes, dual-pane windows, and installed washer dryers units. The property is priced at $2,999,999 with a current 5.57 percent cap rate. At approximately 25,000 people, South Lake Tahoe is the most populous city on Lake Tahoe, and next to Stateline Nevada. The economy is based primarily on tourism, with the Nevada-side Casinos, Heavenly Ski Resort, Lake Tahoe, and countless outdoor activities being the biggest draws. Today, the city is one of the most sought-after locations in South Lake Tahoe.
Location
State CA
County El Dorado
Area 13301
Direction Going East on Hwy 50, turn right on Sierra Blvd, then right onto Elwood Ave. The Subject Property is on your right.
Interior
Heating See Remarks
Cooling See Remarks
Flooring Wood
Window Features Dual Pane Full
Appliance Free Standing Refrigerator, Gas Cook Top, Microwave, Dishwasher
Laundry Washer/Dryer Owned
Exterior
Garage Attached, Off Street, Street, Garage, Varies by Unit, Guest Parking Available
Utilities Available Internet Available
Water Access Desc See Remarks
View Panoramic, City, Forest, Golf Course, Hills, Lake, Woods, Mountains
Roof Type Shingle,Composition
Topography Level
Building
Lot Description Shape Regular, Landscape Back, Landscape Front
Story 2
Foundation Concrete
Sewer See Remarks
Water See Remarks
Architectural Style Bungalow, Cabin, Contemporary, Cottage, Vintage
Schools
Elementary Schools Lake Tahoe Unified
Middle Schools Lake Tahoe Unified
High Schools Lake Tahoe Unified
School District El Dorado
Others
Senior Community No
Tax ID 031-113-018-000
Special Listing Condition None
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Bought with Non-MLS Office
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