3121 Pasadena Ave - Apartments FOR SALE


South Lake Tahoe, CA 96150
$850,000 USD
408-359-7070
3121 Pasadena Ave, South Lake Tahoe, CA for Sale
$850,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

3121 Pasadena Ave
South Lake Tahoe, CA 96150


OVERVIEW

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 may be available for 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.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

HDR

APN/PARCEL ID

026-084-004-000

ASK ABOUT THIS PROPERTY

Moon ChoeSkyview Realty Inc.More Info
408-359-7070

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Moon ChoeSkyview Realty Inc.More Info
408-359-7070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.