3671 Spruce Ave - Apartments FOR SALE


South Lake Tahoe, CA 96150
$1,749,950 USD
408-460-0577
3671 Spruce Ave, South Lake Tahoe, CA for Sale
$1,749,950 USD
Apartments - FOR SALE
1/5
null | 5.7% Cap Rate

3671 Spruce Ave
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Renovated multifamily investment opportunity in South Lake Tahoe, CA
  • Eight-unit multifamily property situated on approximately ±0.23 acres
  • Established cash-flowing investment with in-place rental income
  • Convenient South Lake Tahoe location near Heavenly Ski Resort and Highway 50

OVERVIEW

3671 Spruce Avenue, South Lake Tahoe, CA presents an opportunity to acquire an eight-unit multifamily property situated on approximately ±0.23 acres. The property consists of a single building totaling approximately ±5,088 rentable square feet and includes eight one-bedroom, one-bathroom apartment units. Originally constructed in 1966, the property underwent extensive renovations in 2022 and currently generates approximately $13,700 in monthly rental income, equating to approximately $164,400 in annual gross rental income.

FOR SALE DETAILS

PRICE

$1,749,950 USD

PRICE/SF

$344 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,744

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

TC

APN/PARCEL ID

027-155-029-000

ASK ABOUT THIS PROPERTY

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408-460-0577

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Nima MoridiCapital Rivers CommercialMore Info
408-460-0577

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