920 Alameda Ave - Apartments FOR SALE


South Lake Tahoe, CA 96150
$2,050,000 USD
530-525-2304
920 Alameda Ave, South Lake Tahoe, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/14
null | 6.05% Cap Rate

920 Alameda Ave
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • 15-unit SRO multifamily property in Al Tahoe
  • +/- 5,844 SF building originally constructed in 1957 as a hotel
  • Currently operated as long-term SRO rentals
  • Flexible use: continue SRO or convert to short-term rentals/hotel
  • Stable in-place income in an established South Lake Tahoe neighborhood

OVERVIEW

NAI Tahoe Sierra is pleased to announce the listing of 920 Alameda Ave, a 15-unit SRO multifamily property located in the Al Tahoe neighborhood of South Lake Tahoe. The +/- 5,844 square foot building, originally constructed in 1957 as a hotel, is currently operated as long-term SRO rentals. An investor can continue operation as an SRO or convert the property to short-term rentals, including a return to its original hotel use. The asset offers stable in-place income within an established residential neighborhood.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

15

PRICE/UNIT

$136,667

CAP RATE

6.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,035 SF

ZONING

HDR

APN/PARCEL ID

026-084-006-000

ASK ABOUT THIS PROPERTY

Scott FairNAI Tahoe SierraMore Info
530-525-2304

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Scott FairNAI Tahoe SierraMore Info
530-525-2304

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