3668 Spruce Avenue, South Lake Tahoe, CA 96150

$2,300,000 Approx. USD 0 beds, 0 baths
17,980 sqft

Agent Remarks

The Slalom Apartments is a 31 unit apartment complex consisting of 2 two story wood-frame buildings on 2 contiguous street to street parcels totaling .80 acre. 3668 Spruce Ave and has 15 one bed, one bath units of similar size and layout. This building was constructed in 1966 and is master metered with all utilities (gas, electric, water- sewer) included with rent. 3665 Willow was built in 1971 and has 16 one bed, one bath units. This is an all electric building, but the utilities are separately metered with the tenants paying for the electricity usage within their units and for all appliances, hot water heaters, and electric wall heaters. The property went through a major upgrade of the interiors within the past 18 months with 90% of the units appointed with hardwood flooring, new counter tops, tile and new interior finishes. Located in South Lake Tahoe just a few blocks walking distance from the shores of Lake Tahoe, and minutes to Famous Ski & Snowboarding Resorts and Casinos. There are shuttles within a few blocks that service the ski resorts, casinos, entertainment and shopping. The city has rent control, but the ordinance allows for up to a 10% rent increase every 6 months, so it does not have any material long term impact on income.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# SB16022302
List price is $2,300,000
Beds: 0
Baths: 0
Built in 1966
17,980 sqft
2 stories
0.80 acres
Lot size: 34979.000
County: El Dorado
MLS area: TAHO - Lake Tahoe Area

Last Updated: 7/29/2016

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This listing belongs to the TAHO - Lake Tahoe Area MLS area

Lat/Long: 38.943249, -119.952560.
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Broker: Courtesy of RE/MAX Commercial & Inv Realty
Listing Agent: Stephen Lampe
Co Listing Agent: Olga Wright

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