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$ 1,350,000
Est. payment /mo
Active
1222 Sierra Boulevard South Lake Tahoe, CA 96150
8 Beds
3,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apt Build 5-12 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $375
Subdivision Unavail
MLS Listing ID 141797
Bedrooms 8
Year Built 1960
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Apt Build 5-12 Units
Property Description
Multi-Family Investment Opportunitywith Bonus Lot!Fully occupied and ideally located, this 8-unit apartment building at 1222 Sierra Blvd presents a strong income opportunity with room for long-term value growth. The property includes a mix of studio and 1-bedroom units, some with in-unit laundry hookups, and is well-suited for long-term tenants seeking central access to all South Lake Tahoe has to offer.Included in the sale is the adjacent lot at 2544 Rose Ave (separate APN), currently used as a private parking lot exclusively for tenant usean added amenity rarely available in multifamily offerings. Both parcels are being sold together, providing expanded utility and future potential.Offered CAP Rate: 6.46% -- this CAP rate on a fully occupied, well-managed property in South Lake Tahoe is competitive and realistic given current market dynamics.
Location
State CA
County El Dorado
Area Tahoe-Sierra
Zoning Multi-Family
Interior
Heating Natural Gas, Wall or Space Heater
Cooling Natural Gas, Wall or Space Heater
Laundry Other/See Remarks
Exterior
Exterior Feature Storage Shed
Utilities Available NaturalGasAvailable, Cable TV, Telephone
Roof Type Composition
Building
Story Two Story
Foundation Slab
Water Natural Gas
Listed by Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe