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2 Apartments, 3 Retail Spaces & 4 RV Sites 2218 Lake Tahoe Blvd 4,980 SF Retail Building South Lake Tahoe, CA 96150 $1,967,232 CAD ($395.03 CAD/SF) 8.49% Cap Rate
Executive Summary
Rare mixed-use investment opportunity in the heart of South Lake Tahoe. This income-producing property features three retail/commercial spaces, two residential 2-bedroom/1-bath units, and four RV spaces, offering diversified income potential and multiple revenue streams. Situated on approximately 0.50 acres with approximately 4,980 SF of improvements per available records, this property benefits from excellent visibility along Lake Tahoe Blvd in a high-traffic corridor.
Ideal for investors seeking a value-add or stable income asset in one of South Lake Tahoe's most desirable tourism-driven markets. Strong upside through lease optimization, renovation, or repositioning. Buyer to verify all unit count, square footage, permits, zoning, RV space legality, and allowable uses with the City/County. Property information based on available public/property records. It includes 2218 & 2214 Lake Tahoe and 1008 2nd Street.
Ideal for investors seeking a value-add or stable income asset in one of South Lake Tahoe's most desirable tourism-driven markets. Strong upside through lease optimization, renovation, or repositioning. Buyer to verify all unit count, square footage, permits, zoning, RV space legality, and allowable uses with the City/County. Property information based on available public/property records. It includes 2218 & 2214 Lake Tahoe and 1008 2nd Street.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$214,318
|
$38.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$214,318
|
$38.97
|
| Taxes |
$24,026
|
$4.37
|
| Operating Expenses |
$23,183
|
$4.22
|
| Total Expenses |
$47,209
|
$8.58
|
| Net Operating Income |
$167,110
|
$30.38
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $214,318 |
| Annual Per SF | $38.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $214,318 |
| Annual Per SF | $38.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,026 |
| Annual Per SF | $4.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,183 |
| Annual Per SF | $4.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,209 |
| Annual Per SF | $8.58 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $167,110 |
| Annual Per SF | $30.38 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,980 SF
Building Class
C
Year Built
1955
Price
$1,967,232 CAD
Price Per SF
$395.03 CAD
Cap Rate
8.49%
NOI
$167,098 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.23
Lot Size
0.50 AC
Zoning
GC - General Commercial
Parking
15 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
60’ on Lake Tahoe Blvd
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 023-241-011-000 | Total Assessment | $2,154,423 CAD (2025) |
| Land Assessment | $673,719 CAD (2025) | Annual Taxes | $24,026 CAD ($4.82 CAD/SF) |
| Improvements Assessment | $1,480,704 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
023-241-011-000
Land Assessment
$673,719 CAD (2025)
Improvements Assessment
$1,480,704 CAD (2025)
Total Assessment
$2,154,423 CAD (2025)
Annual Taxes
$24,026 CAD ($4.82 CAD/SF)
Tax Year
2026
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2 Apartments, 3 Retail Spaces & 4 RV Sites | 2218 Lake Tahoe Blvd
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