3685 Tamarack Avenue, South Lake Tahoe, CA 96150
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3685 Tamarack Avenue, South Lake Tahoe, CA 96150
3685 Tamarack Avenue, South Lake Tahoe, CA 96150
3685 Tamarack Avenue, South Lake Tahoe, CA 96150
3685 Tamarack Avenue, South Lake Tahoe, CA 96150
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Mike Phillips

Mike Phillips

+1(530) 545-1389
$ 1,450,000
Est. payment /mo
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3685 Tamarack Avenue South Lake Tahoe, CA 96150

11 Beds

5,400 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apt Build 5-12 Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,400 sqft

Price per Sqft $268

Subdivision Bijou Park Addition

MLS Listing ID 143277

Bedrooms 11

Year Built 1965

Lot Size 10,019 Sqft

Acres 0.23

Property Sub-Type Apt Build 5-12 Units

Property Description

Welcome to an exceptional investment opportunity in the heart of South Lake Tahoe. This turn-key 5-unit building offers the ideal combination of location, strong rental demand, and recent capital improvements, making it an attractive addition to any real estate portfolio.Perfectly situated between the crystal-clear waters of Lake Tahoe and the world-renowned Heavenly Ski Resort, this property places tenants just minutes from downtown, Stateline casinos, the Heavenly Gondola, Whole Foods, shopping, restaurants, hiking, biking, and year-round recreation. With South Lake Tahoe's consistently high demand for long-term rentals, investors will appreciate both the immediate cash flow potential and long-term appreciation opportunities.The property features 11 bedrooms across five well-designed units, including four spacious 2-bedroom, 1.5-bath residences and one larger 3-bedroom, 2-bath unit complete with laundry hookups. Each unit enjoys backyard outdoor space that tenants value, while the parking lot provides ample off-street parking.Significant recent improvements enhance both value and peace of mind, including a brand-new roof, three beautifully updated units featuring fresh, modern finishes, and a brand-new balcony currently being rebuilt. A dedicated common area also presents the opportunity to add shared laundry facilities for the four 2-bedroom units, creating additional convenience for tenants and potential for increased income.Whether you're expanding an established investment portfolio or acquiring your first multifamily asset, this well-maintained, income producing property offers the rare combination of a prime Tahoe location, thoughtful updates, value-add potential, and strong rental fundamentals. All at a price designed to attract savvy investors. Don't miss this opportunity to own a 5 unit multifamily property in one of California's most sought-after mountain communities.

Location

State CA

County El Dorado

Area Bijou 1

Interior

Heating Natural Gas, Wall or Space Heater

Cooling Natural Gas, Wall or Space Heater

Laundry Other/See Remarks

Exterior

Garage Spaces 8.0

Roof Type Pitched,Composition

Building

Story Two Story

Foundation Concrete/Crawl Space

Water Natural Gas

Others

Ownership Fee Simple

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South Tahoe MLS (STAR)
Listed by RE/MAX Gold - SLT

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Mike Phillips

Broker | License ID:  CA# 01369810, NV# B.145615

+1(530) 545-1389 | mikephillips530@gmail.com

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3685 Tamarack Avenue