3640-3646 Pioneer Trail | South Lake Tahoe, CA 96150
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3640-3646 Pioneer Trail
South Lake Tahoe, CA 96150
Price Improvement | Heavenly Lakes · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- 6.46% Current CAP Rate With Room to Bring Longer Term Tenants up to Market Rents.
- 0.9 Miles From the Shore Line of Lake Tahoe.
- High Barrier to Entry Market With Zero Market Rate Housing to be Built in the Pipeline.
- Significant Property Improvements, Including: All New Copper Water Lines, New Boilers, Tree Removal and a Seal/Stripe on the Parking Lot.
- (22) One-Bedroom Units and (2) Two Bedroom Floor Plans.
PROPERTY FACTS
| No. Units | 24 | Building Size | 11,870 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.19/1,000 SF |
| Lot Size | 0.69 AC | ||
| Zoning | HDR | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 11,870 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | HDR |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
- Range
- Wi-Fi
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | $1,575 | 485 |
| 2+1 | 2 | $1,850 | 600 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,542,860 | |
| Land Assessment | $816,000 | Total Assessment | $3,358,860 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$816,000
Improvements Assessment
$2,542,860
Total Assessment
$3,358,860
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