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3640-3646 Pioneer Trail
South Lake Tahoe, CA 96150

$3,995,000 USD

Apartments For Sale • 11,870 SF

Property Details

Property Type Apartments
Total Building Size 11,870 SF
Lot Size 0.69 AC
Building Class C
Year Built 1960
Cap Rate 6.46 %
Zoning HDR

0 Transit Score

62 Walk Score

                
                    Highlights
                
                                6.46% Current CAP Rate With Room to Bring Longer Term Tenants up to Market Rents.
                            
                                Significant Property Improvements, Including: All New Copper Water Lines, New Boilers, Tree Removal and a Seal/Stripe on the Parking Lot.
                            
                                0.9 Miles From the Shore Line of Lake Tahoe.
                            
                                (22) One-Bedroom Units and (2) Two Bedroom Floor Plans.
                            
                                High Barrier to Entry Market With Zero Market Rate Housing to be Built in the Pipeline.

Cap Rate:

6.46 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Heavenly Lakes

Amenities

Laundry Facilities
Refrigerator
Oven
Range
Wi-Fi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	26
Type:	Surface
Included in Rent:	Yes

Spencer Moyer 858-922-4181 ALIVE Commercial Real Estate

3640-3646 Pioneer Trail South Lake Tahoe, CA 96150