3121 Pasadena AVE, South Lake Tahoe, CA 96150
3121 Pasadena AVE, South Lake Tahoe, CA 96150
3121 Pasadena AVE, South Lake Tahoe, CA 96150
3121 Pasadena AVE, South Lake Tahoe, CA 96150
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Wilson Leung

Wilson Leung

+1(650) 280-8888
Listed by Moon Choe • Blue Moon Realty, DRE#01217391
$ 799,000
Est. payment | /mo

3 Beds

3 Baths

2,879 SqFt

Save
$ 799,000
Est. payment | /mo
Save

3 Beds

3 Baths

2,879 SqFt

Key Details

Property Type Commercial Multi-Residential (5 units)

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,879 sqft

Price per Sqft $277

MLS Listing ID ML82043187

Bedrooms 3

Full Baths 3

Year Built 1959

Lot Size 5,227 Sqft

Property Sub-Type Five or More Units

Property Description

South Lake Tahoe multifamily investment opportunity located approximately three blocks from Lake Tahoe in the desirable Al Tahoe area. This 6 unit apartment property consists of approximately 2,879 SF situated on a 5,227 SF lot and offers significant value-add upside for investors, builders, or experienced rehab operators. Property requires heavy renovation and substantial repair work and is priced accordingly. Ideal opportunity for a buyer seeking a major fixer-upper with the potential to reposition, renovate, and maximize long-term income or resale value. Based on estimated market rents and a 6% capitalization rate, the projected stabilized value after renovation may be approximately $1.3 million (pro forma estimate only; buyer to independently verify all assumptions and underwriting). Excellent walkable location near Lake Tahoe beaches, restaurants, shopping, and recreation, with convenient access to Heavenly Ski Resort and Stateline entertainment. Property sold strictly AS-IS. Buyer to independently verify all property information, unit count, permits, condition, financial projections, and redevelopment potential.

Location

State CA

County El Dorado

Area South Lake Tahoe

Zoning HDR

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Assigned Spaces, Uncovered Parking

Utilities Available Public Utilities

Roof Type Metal

Building

Foundation Concrete Slab

Sewer Sewer in Street

Water Public

Others

Restrictions None

Tax ID 026-084-004-000

Security Features None

Special Listing Condition Not Applicable

MLSListings Inc. (MLSListings)
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Nearby School & Business

Wilson Leung

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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