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1031 Reno Ave - Reno Ave Apartments 7 Unit Apartment Building Offered at $1,339,392 CAD at a 4.50% Cap Rate South Lake Tahoe, CA 96150

Apartment Buildings California South Lake Tahoe 1031 Reno Ave, South Lake Tahoe, CA 96150

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INVESTMENT HIGHLIGHTS

  • Great rental area
  • Close to 15,000 square feet of land.
  • 3 separate parcels all included

EXECUTIVE SUMMARY

Centrally located 7 rental units on 3 separate lots. One gas meter and one electric meter so owner pays the utilities. 1029 Reno APN 031-082-016 duplex, 1031 Reno Ave, APN 031-082-017 duplex plus studio cabin, 1035 Reno APN 031-082-018 duplex. New owner is in the process of painting and cleaning up the property over the next few months. This price is an amazing opportunity. Potential to demolish the building and build 3 separate new homes or 3 duplexes.

PROPERTY FACTS

Price $1,339,392 CAD No. Units 7
Price Per Unit $191,342 CAD Property Type
Multifamily
  • Multifamily Apartments
Sale Type Investment Lot Size 0.12 AC
Cap Rate 4.50% Building Size 2,700 SF
Sale Condition Deferred Maintenance No. Stories 1
Gross Rent Multiplier 13.8 Year Built/Renovated 1964/2023
Zoning multi family
Price $1,339,392 CAD
Price Per Unit $191,342 CAD
Sale Type Investment
Cap Rate 4.50%
Sale Condition Deferred Maintenance
Gross Rent Multiplier 13.8
No. Units 7
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 0.12 AC
Building Size 2,700 SF
No. Stories 1
Year Built/Renovated 1964/2023
Zoning multi family
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 031-082-016-000 Improvements Assessment $359,432 CAD
Land Assessment $154,042 CAD Total Assessment $513,474 CAD

PROPERTY TAXES

Parcel Number
031-082-016-000
Land Assessment
$154,042 CAD
Improvements Assessment
$359,432 CAD
Total Assessment
$513,474 CAD
(530) 545-0811

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Contact the broker for more information about this property

CONTACT

  • Listing ID: 37319966

  • Date on Market: 2025-08-18

  • Last Updated:

  • Address: 1031 Reno Ave, South Lake Tahoe, CA 96150

The Multifamily Property at 1031 Reno Ave, South Lake Tahoe, CA 96150 is currently available for Sale. Contact Re/Max Realty Today for more information.

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1031 Reno Ave - Reno Ave Apartments
(530) 545-0811 x

1031 Reno Ave - Reno Ave Apartments

Lloyd Aronoff
(530) 545-0811

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