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Heavenly & Secrets Inn 924 Park Ave 25 Room Hotel South Lake Tahoe, CA 96150 $11,081,217 CAD ($443,249 CAD/Room) 9.13% Cap Rate
Investment Highlights
- NAI Tahoe Sierra is pleased to announce the offering of Heavenly and Secrets Inn in south Lake Tahoe CA.
- The two properties went through an extensive remodel in 2021 allowing new owner to capture the upside of the upward trending market.
- Secrets Inn is a romantic destination that exclusively welcomes couples. This is a no pets, no kids, and no noise before noon hotel.
- This property consists of two motels with 39 keys and 2 managers units for 41 total units contiguous on Park Ave.
- Heavenly Inn is a family- and pet-friendly hotel which contains spacious suites featuring kitchenettes, comfortable bedding and etc
- The two hotels are situated in the Tourist Core of South Lake Tahoe which is also a federally designated Opportunity Zone.
Executive Summary
NAI Tahoe Sierra is pleased to announce the offering of Heavenly and Secrets Inn in south Lake Tahoe CA. This property consists of two motels with 39 keys and 2 managers units for 41 total units contiguous on Park Ave. Heavenly Inn is a family- and pet-friendly hotel which contains spacious suites featuring kitchenettes, comfortable bedding and select rooms offer fireplaces and jetted tubs. Secrets Inn is a romantic destination that exclusively welcomes couples. This is a no pets, no kids, and no noise before noon hotel.
The two hotels are situated in the Tourist Core of South Lake Tahoe and on the popular Park Ave street which is walking distance to beach, retail and restaurants, Heavenly Gondola and Village, Casinos, and in close proximity to Edgewood Golf Course and the newly constructed 6,000 person indoor event center.
The two properties went through an extensive remodel in 2021 allowing new owner to capture the upside of the upward trending market.
The two hotels are situated in the Tourist Core of South Lake Tahoe and on the popular Park Ave street which is walking distance to beach, retail and restaurants, Heavenly Gondola and Village, Casinos, and in close proximity to Edgewood Golf Course and the newly constructed 6,000 person indoor event center.
The two properties went through an extensive remodel in 2021 allowing new owner to capture the upside of the upward trending market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Shuttle Service
- Spa
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $520.11 CAD | - |
| Guest Room | 24 | $507.56 CAD | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,036,330 CAD | |
| Land Assessment | $534,262 CAD | Total Assessment | $3,570,592 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$534,262 CAD
Improvements Assessment
$3,036,330 CAD
Total Assessment
$3,570,592 CAD
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Heavenly & Secrets Inn | 924 Park Ave
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