941 Alameda Avenue South Lake Tahoe, CA 96150
Listing Courtesy of:South Tahoe Association of Realtors / South Lake Tahoe / Jim Wire
$1,300,000
3
BED
10
BATH
4,812
SQFT
  941 Alameda Avenue South Lake Tahoe, CA 96150
Pending (98 Days)

Comments

Welcome to the Twin Pines! This is a 10 unit income property. It consist of a 1 bedroom cabin, 2 - 1 Bedroom units and 7 - Studios. [Note: the smallest of the studios is the only vacancy as it was to be updated last year, but due to Covid, that was postponed].All of the units have knotty pine walls and newer pergo flooring. All of the tenants have more than a 1 year occupancy. The rents may be lower than the current market. There were recent small rent increases for 4 of the units. The units have separate gas meters. All of the front door entries have keyless locks & tenants have their own codes. There is a common laundry area. There is ample parking with 10 assigned spaces. Incomplete plans are on file with the TRPA to rebuild with just 4 large units plus the cabin and bank some of the entitlements. The cabin was originally built as a ranger station and the other units were an efficiency motel. It is a triple corner lot and a short walk to the lake & eateries. DON'T DISTURB TENANTS!

MLS #:
134383
Lot Size
0.34 acres
Type
Multifamily
Year Built
1953
Views
No
County
El Dorado County
Community
Al Tahoe
Bathroom Details
  • Full Bathrooms:10
Subdivision
  • Al Tahoe 1
Property Features
  • Foundation:Slab
Heating and Cooling
  • Wall or Space Heater
  • Natural Gas
Exterior Features
  • Masonry
  • Wood Frame
  • Roof:Metal
  • Roof:Pitched
Utility Information
  • Utilities:Telephone, High Speed Internet, Cable Tv, City Sewer, City Water, Naturalgasavailable
  • Sewer:Y
  • Fuel:Gas
  • Energy:Wall or Space Heater, Natural Gas
Stories
  • One Story
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 14, 2021
Price Changed
$1,300,000
-13%
-200,000
Jun 17, 2021
Price Changed
$1,500,000
25%
300,000
Jun 17, 2021
Original Price
$1,200,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.