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Sierra Rose Apartments 1222 Sierra Blvd 8 Unit Apartment Building $1,847,785 CAD ($230,973 CAD/Unit) 6.46% Cap Rate South Lake Tahoe, CA 96150
Investment Highlights
- Updated Units
- high visibility
- Second APN
Executive Summary
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.
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.
Property Facts
| Price | $1,847,785 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $230,973 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.46% | Building Size | 3,600 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 8 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 3.33/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | HDR | ||
| Price | $1,847,785 CAD |
| Price Per Unit | $230,973 CAD |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,600 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 3.33/1,000 SF |
| Zoning | HDR |
Amenities
Unit Amenities
- Refrigerator
- Range
- Views
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 384 - 516 |
1 1
Property Taxes
| Parcel Number | 031-212-002-000 | Improvements Assessment | $1,297,841 CAD |
| Land Assessment | $94,960 CAD | Total Assessment | $1,392,801 CAD |
Property Taxes
Parcel Number
031-212-002-000
Land Assessment
$94,960 CAD
Improvements Assessment
$1,297,841 CAD
Total Assessment
$1,392,801 CAD
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Sierra Rose Apartments | 1222 Sierra Blvd
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