CA > South Lake Tahoe > Unavail
South Lake Tahoe, CA 96150,1222 Sierra Boulevard
South Lake Tahoe, CA 96150,1222 Sierra Boulevard
South Lake Tahoe, CA 96150,1222 Sierra Boulevard
South Lake Tahoe, CA 96150,1222 Sierra Boulevard
South Lake Tahoe, CA 96150,1222 Sierra Boulevard
South Lake Tahoe, CA 96150,1222 Sierra Boulevard
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Anthony "Tony" Smith

Anthony "Tony" Smith

+1(510) 812-4999
$ 1,350,000
Est. payment | /mo

8 Beds

3,600 SqFt

Save
$ 1,350,000
Est. payment | /mo
Save

8 Beds

3,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Apt Build 5-12 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $375

Subdivision Unavail

MLS Listing ID 141797

Bedrooms 8

Year Built 1960

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Apt Build 5-12 Units

Property Description

Multi-Family Investment Opportunitywith Bonus Lot!Fully occupied and ideally located, this 8-unit apartment building at 1222 Sierra Blvd presents a strong income opportunity with room for long-term value growth. The property includes a mix of studio and 1-bedroom units, some with in-unit laundry hookups, and is well-suited for long-term tenants seeking central access to all South Lake Tahoe has to offer.Included in the sale is the adjacent lot at 2544 Rose Ave (separate APN), currently used as a private parking lot exclusively for tenant usean added amenity rarely available in multifamily offerings. Both parcels are being sold together, providing expanded utility and future potential.Offered CAP Rate: 6.46% -- this CAP rate on a fully occupied, well-managed property in South Lake Tahoe is competitive and realistic given current market dynamics.

Location

State CA

County El Dorado

Area Tahoe-Sierra

Zoning Multi-Family

Interior

Heating Natural Gas, Wall or Space Heater

Cooling Natural Gas, Wall or Space Heater

Laundry Other/See Remarks

Exterior

Exterior Feature Storage Shed

Utilities Available NaturalGasAvailable, Cable TV, Telephone

Roof Type Composition

Building

Story Two Story

Foundation Slab

Water Natural Gas

Listed by Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe
Anthony "Tony" Smith

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(510) 812-4999

tony@anthonysmith-realestate.com

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1222 Sierra Boulevard