Active

520/540

Tahoe City CA, 96145

$2,450,000


$413.43 per sqft

Active

5,926 sqft

Multi-family

Built in 1964

Excellent investment opportunity featuring two adjacent multi-family properties, each on its own APN. Each property includes a triplex composed of two 3-bed, 1.5-bath units, one 1-bed, 1-bath unit, and a detached 3-bay garage with three additional built-in storage units. The total offering includes six rental units, six garage bays and six storage units. Located on a 0.66-acre lot in the prestigious Highlands neighborhood of Tahoe City, one of the most sought-after areas in North Lake Tahoe. Only 2.5 miles to Tahoe City, 1.2 to Skylandia Beach, blocks away from the Tahoe City Nordic Center's all-season trails, and blocks away from the North Tahoe Middle and High Schools. There is great versatility and opportunity with the garage units. Two detached garage buildings. Each building is approximately 840 sq. ft. and consists of three bays and three storage units. The built in storage units are approximately 7'x7', located in the back of the building. Each tenant is offered a storage unit as a rental feature. Currently five of the garage bays are used by the owner. The new owner can continue to keep these as personal use or rent them out as additional income. Rental garage and storage space is a premium in Tahoe City. Very rarely is this kind of space available. A package that would be perfect for a local business owner who can secure storage space, employee housing and a revenue generating investment. This is an intelligently designed development. All side-by-side apartments with their own private outdoor and deck area. No upper and lower units. Each apartment has a spacious floor plan with great natural light and ample sized bedrooms. Washer and dryer hookups in five of the units. All units are separately metered. Generous open space and common ground between the buildings and garages. Lots of additional parking. Many updates and capital improvements throughout. Owner has kept up on annual maintenance. Overall this combination of quality units, premier location, additional storage and garages make these extremely desirable rentals in a market with limited housing.

20241871

MLS ID

September 2, 2024

Listed

October 15, 2024

Updated

Map

520/540
Tahoe City CA, 96145

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.66 Acres


Lot Features

STREET, Level


Architectual Style

OTHER


Roof

Composition


Sewer

Utility District

School Information

School District

EXCLUSIVE RIGHT

Other Property Details

Area Name

HIGHLAND GREEN-3NR


Days on Market

11


Garage

No


Parking

Paved Surface


View

Yes


View Description

Wooded


County

Placer


Water Source

Utility District


Pool

No

Listed by Wells and Bennett, Michael Marrone,
Listing Contact: 530-580-8433 

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Data last updated 12:41 AM UTC, 10/15/2024

 

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