UA-138051460-1
Address
1070-1077 Echo-Moss RD South Lake Tahoe, CA
Price
$ 3,400,000
Property Attributes
  • MLS#ML81819553
  • TypeMulti-Family
  • CountyEL DORADO
  • CitySouth Lake Tahoe
  • AreaAmerican River Canyon
  • Zip96150
  • Style
  • Price$ 3,400,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13376
  • Lot Size0.47 Acres
Listing Provided Courtesy Of:
Ismael Benhamida with Marcus & Millichap.
Property Description

Stateline Apartments is a 20-unit property located in beautiful South Lake Tahoe, California. The property has a great unit mix consisting of 16 two-bed/one-bath units and 4 one-bed/one-bath unit. 17 units have been nicely remodeled with new flooring, cabinets, counters, appliances, and bathrooms. Rents are currently below market offering the investor tremendous income and appreciation upside. The property, located 2 blocks away from the Raley's in Village Shopping Center, Heavenly Village's movie theaters, restaurants and bars, and 5 blocks away from the state line casinos, is perfectly situated to take advantage of all the South Lake Tahoe area has to offer. The significant migration of tech professionals, core location in the heart of South Lake Tahoe, rent growth in the market, current cash flow, potential for additional income, and proximity to recreational opportunities and shopping make Stateline a great opportunity for both the cash-flow and appreciation-minded investor.

Price History
11/9/2020 Listed $3,400,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 96150

Price
AVG $1.41M
$3.4M
Visits
AVG 3
5
Year Built
AVG 1960
1961

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