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Spruce Avenue

South Lake Tahoe, CA 96150
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Acres

Acres (Lot)

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Colliers Is pleased to present 3546 Spruce Ave. A revitalized 12-unit apartment property located in the world-renowned South Lake Tahoe region. This is a great opportunity to own an investment property and be partnered with Vail Properties, the owner of Heavenly resorts. Vail has master leased this apartment building for 5 years with a 2-year option to extend. The subject property has 9,863 square feet of rentable living space with a total of 3 Buildings, which is comprised of a 10-unit complex and two houses. This property was built in 1960 and renovated in 2023 by an 11-month foundation to roof renovation project. From flooring to roof everything except the foundational lumber has been removed and replaced. Renovations also include new electrical hook-ups and new transformers from the Ci ty of South Lake Tahoe. The apartment building consists of (4) 1-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom Units and (2) Studios. Two houses consist of a 2-bedroom/1-bathroom Single Family Residence & a 2-bedroom/2-bathroom SFR. Having a master lease provides an opportunity for the next owner not to be tasked with paying for maintenance, utilities or even snow plowing!

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,750,000

AD Id : 65990603

MLS Id : 225087587

County : El Dorado

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Feature Features

  • Water/Sewer

    Sewer: Public Sewer, Other
  • Flooring Information

    Laminate, Varies by Unit
  • Interior Features

    Laundry Features: Washer/Dryer Owned
  • Heating & Cooling

    Heating: Central, Varies by Unit Cooling: Central, Varies by Unit WaterSource: Meter on Site, Other

  • Building Information

    Year Built: 1960 Stories: 2 Construction Materials: Redwood Siding Foundation Details: Concrete, Other
  • Exterior Features

    Foundation Details: Concrete, Other
  • Laundry Features

    Washer/Dryer Owned

  • Lot Information

    Lot Description: Other Lot Square Feet: 23,087 Stories: 2

    Property Information

    Property Type: ResidentialIncome Sub Type: 5 or More Units Construction Materials: Redwood Siding Property Age: 66 Cross Street: Blackwood Road Source Neighborhood: 13301 Postal Code Plus 4: 8320 Area: South Lake Tahoe S: 96150 Zoning: LDR Structure Type: Apartments,Garden Apartments

    Farm Info

    Irrigation Source: Meter on Site, Other

  • Listing Price Information

    Listing Id: 225087587 List Price: $2,750,000

  • Tax Information

    Parcel Number: 025-261-017

  • Parking Information

    Off Street

  • Elementary School District: Lake Tahoe Unified
    Junior High School District: Lake Tahoe Unified
    Senior High School District: Lake Tahoe Unified
  • Utility Information

    Natural Gas Connected, Electric
  • Location Information

    Direction: Corner of Blackwood Road and Spruce Avenue in South Lake Tahoe CA.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Emerald Bay Road, South Lake Tahoe, CA, 96150 $699,990 -- -- -- 28,314 Sqft(Lot)
Us Highway 50, South Lake Tahoe, CA, 96150 $200,000 -- -- -- Acres (Lot)--
Arapahoe Street, South Lake Tahoe, CA, 96150 $249,000 -- -- -- Acres (Lot)--
Sacramento Avenue, South Lake Tahoe, CA, 96150 $1,625,000 -- -- 4,835 Acres (Lot)--
Emerald Bay Road, South Lake Tahoe, CA, 96150 $349,990 -- -- -- Acres (Lot)--
Arapahoe Street, South Lake Tahoe, CA, 96150 $249,000 -- -- -- 22,215.60 Sqft(Lot)
Us Highway 50, South Lake Tahoe, CA, 96150 $56,995 -- -- -- 7,405.20 Sqft(Lot)
Chris Avenue, South Lake Tahoe, CA, 96150 $130,000 -- -- -- Acres (Lot)--
Emerald Bay Road, South Lake Tahoe, CA, 96150 $495,000 -- -- -- Acres (Lot)--
Us Highway 50, South Lake Tahoe, CA, 96150 $80,000 -- -- -- Acres (Lot)--

ByOwner last updated this listing 06/18/2026 @ 15:27

MLS: 225087587 LISTED BY: Matthew Sarro, Collier's International SOURCE: MLS Metrolist

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