• Bonanza Avenue South Lake Tahoe, CA 96150

  • $1,225,000

  • Bed(s)
  • 0
    Baths
  • 0
    Sq Ft

1 Acre parcel with 8 studio units that have been completely remodeled. Each unit is identical with the same floorplan and remodeled finishes you see in the photos. The current monthly income is exactly $9,758. Awesome little investment for the first time investor or someone looking to have a Ski and summer crash pad in South Lake Tahoe. The lots zoning and density allows for 14-units total which allows the next owner to build 6 more units and 2 ADU's. Build your dream cabin with an investment property included or build 6 townhomes and 2 ADU's to make this property a cash cow. These units are superior to a lot of the apartment rentals in South Lake Tahoe with updated showers and kitchens and beautiful exposed beam ceilings.

Property Type :

ResidentialIncome

County :

El Dorado

Style :

ResidentialIncome

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Property Details

 

Water/Sewer

Sewer: Public Sewer

Interior Features

Laundry Features: Other

Flooring Information

Vinyl

Heating & Cooling

Heating: Wall Furnace,Other

Cooling: None

Water Source: Meter on Site

Building Information

Year Built: 1955

Stories: 1

Construction: Brick,Redwood Siding

Foundation Details: Concrete

Exterior Features

Foundation Details: Concrete

Laundry Features

Other

Lot Information

Lot Description: Other

Lot Square Feet: 41,382

Stories: 1

Property Information

Property Type: ResidentialIncome

Sub Type: 5 or More Units

Style: Traditional

Construction Materials: Brick,Redwood Siding

Property Age: 69

Cross Street: Bonanza

Source Neighborhood: 13301

Area: South Lake Tahoe S: 96150

Zoning: HDR

Structure Type: Apartments

Farm Info

Irrigation Source: Meter on Site

Listing Price Information

Listing Id: 224007894

List Price: $1,225,000

Tax Information

Parcel Number: 032-141-012

Parking Information

Parking Total: 16

Off Street

Homeowners Association Information

Association YN : No

Calculated Total Monthly Association Fees : $0

School Information

Elementary School District: Lake Tahoe Unified

Junior High School District: Lake Tahoe Unified

Senior High School District: Lake Tahoe Unified

Utility Information

Other

Location Information

Direction: Take ramp onto US-50 E. Take the 2nd exit from roundabout onto Emerald Bay Rd (US-50 N). Turn left onto D St. Turn right onto Bonanza Ave.

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Primrose Road, South Lake Tahoe, CA,96150 $499,000 3 2 1,436 --
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ByOwner last updated this listing 05/17/2024 @ 01:54

MLS: 224007894
LISTED BY: Matthew Sarro, Collier's International CA, Inc.
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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