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Nickelodeon Motel 2440 Lake Tahoe Blvd 17 Room Hotel South Lake Tahoe, CA 96150 $3,369,192 CAD ($198,188 CAD/Room) 4.17% Cap Rate
Investment Highlights
- Heavy auto traffic. Across street from park and river.
- Very sunny location with excellent views of meadows and Sierra Nevada mountains.
Executive Summary
Prime investment property mid town location in South Lake Tahoe. Significant improvements done in 2020. Can be used as a nightly hotel or as an SRO (leased by the month).
Exceptional exposure with 175 feet on US Highway 50. Property consists of 15 studios and one 3 bedroom apartment. Each unit has a mini kitchen. 3 bedroom has a full kitchen.
Upgrades include newer roof, floors, windows, electrical, paint.
Exceptional exposure with 175 feet on US Highway 50. Property consists of 15 studios and one 3 bedroom apartment. Each unit has a mini kitchen. 3 bedroom has a full kitchen.
Upgrades include newer roof, floors, windows, electrical, paint.
Property Facts
| Price | $3,369,192 CAD | Building Class | C |
| Price Per Room | $198,188 CAD | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 5,284 SF |
| Cap Rate | 4.17% | No. Rooms | 17 |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1951 |
| Property Subtype | Hotel | Corridor | Exterior |
| Zoning | GC - General Commercial | ||
| Price | $3,369,192 CAD |
| Price Per Room | $198,188 CAD |
| Sale Type | Investment |
| Cap Rate | 4.17% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 5,284 SF |
| No. Rooms | 17 |
| No. Stories | 2 |
| Year Built | 1951 |
| Corridor | Exterior |
| Zoning | GC - General Commercial |
Amenities
- Wheelchair Accessible
- Smoke-Free
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 17 | $82.83 CAD | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
20/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 031-062-001-000 | Improvements Assessment | $1,877,092 CAD |
| Land Assessment | $804,468 CAD | Total Assessment | $2,681,560 CAD |
Property Taxes
Parcel Number
031-062-001-000
Land Assessment
$804,468 CAD
Improvements Assessment
$1,877,092 CAD
Total Assessment
$2,681,560 CAD
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Nickelodeon Motel | 2440 Lake Tahoe Blvd
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