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Emerald Bay Inn 1313 Emerald Bay Rd 14 Room Hotel South Lake Tahoe, CA 96150 $1,450,000 ($103,571/Room) 3.54% Cap Rate
Investment Highlights
- Heavy traffic count, set well back from the road.
- Forested setting.
Executive Summary
Prime US Highway frontage near the South Lake Tahoe airport. Features 13 units and a spacious 2 bedroom apartment with large kitchen and living room.
Currently operated as a monthly lodging, this could make an excellent boutique hotel. Conveniently located close to shopping, beaches and bike trails.
Multiple avenues for increasing income and redevelopment.
Currently operated as a monthly lodging, this could make an excellent boutique hotel. Conveniently located close to shopping, beaches and bike trails.
Multiple avenues for increasing income and redevelopment.
Property Facts
| Price | $1,450,000 | Building Class | C |
| Price Per Room | $103,571 | Lot Size | 0.48 AC |
| Sale Type | Investment | Building Size | 4,872 SF |
| Cap Rate | 3.54% | No. Rooms | 14 |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1957 |
| Property Subtype | Hotel | Corridor | Exterior |
| Zoning | TC | ||
| Price | $1,450,000 |
| Price Per Room | $103,571 |
| Sale Type | Investment |
| Cap Rate | 3.54% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 4,872 SF |
| No. Rooms | 14 |
| No. Stories | 1 |
| Year Built | 1957 |
| Corridor | Exterior |
| Zoning | TC |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 14 | $60.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 032-221-001-000 | Improvements Assessment | $1,189,528 |
| Land Assessment | $218,727 | Total Assessment | $1,408,255 |
Property Taxes
Parcel Number
032-221-001-000
Land Assessment
$218,727
Improvements Assessment
$1,189,528
Total Assessment
$1,408,255
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Emerald Bay Inn | 1313 Emerald Bay Rd
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