2187 Lake Tahoe Boulevard South Lake Tahoe, CA
$ 2,295,000
Property Attributes
  • MLS#20043633
  • TypeIncome
  • CountyEL DORADO
  • CitySouth Lake Tahoe
  • Zip96150
  • Style
  • Price$ 2,295,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size0.42 Acres
Listing Provided Courtesy Of:
Property Description

Turn key investment opportunity. This 17 Unit former motel has been completely remodeled and is an Exceptional Property in the South Lake Tahoe Single Room Occupancy program. This is the first SRO in South Lake Tahoe to be awarded exceptional status 3 years in a row, which allows for building department inspections every three years rather than every year. It is 100% leased to long term tenants, but the option of nightly rentals is still available. Full kitchens have been added to all of the units. The kitchens feature a gas range with hood, full size refrigerator, large sink, tiled countertops and plenty of cabinet space. The units are fully furnished, many with quality loft beds to create more living space. The larger building has 11 studios, a 1-BR/1BA, and a 3RB/2BA owners unit. The smaller building has 4 1BR/1BA units. One unit is ADA compliant. This is great opportunity to live in Lake Tahoe and have passive income. Live on-site and manage the property yourself to maximize income

Elementary School Middle School High School
Lake Tahoe Unified Elementary School Lake Tahoe Unified Middle School Tahoe-Truckee High School
Price History
7/28/2020 Listed $2,295,000

General Features

Air None
Amenities Barbeque, Owner's Unit, Washer/Dryer Owned, Yard Space
Apn 023-211-041-000
Area 13301
Cc&rs No
Census Tract 304.01
Construction Wood
Disability Features Grab Bars, Parking, Ramp, Roll-In Shower, Varies by Unit
Energy Features 220 Volts, Ceiling Fan(s), Dual Pane Partial, Varies by Unit
HOA East Bay Regional Data, Inc.
Parking +1 Space Per Unit, Carport, Garage
Property Subtype 5 or More Units
School County El Dorado
Total # Leasable 17
Total Number Indiv Units 17
Year Built 1959
Year Remodeled/updtd 2007
Zoning GC

Interior Features

# of 1 Bedroom Units 5
# of 3 Bedroom Units 1
Equipment Cable TV Installed, Gas Water Heater, H/S Internet Avail, Low-Flow Toilet(s), Washer/Dryer, Window Furnishings
Floor Covering(s) Carpet, Tile
Furnished Y/N All Units
Heating Furnace Wall
Kitchen Appliances Range Gas F/S, Refrigerator F/S, Varies by Unit
Unit 1 Apx Sq Ft 287
Unit 2 Apx Sq Ft 287
Unit 3 Apx Sq Ft 249
Unit 4 Apx Sq Ft 249
Unit 4 Full Baths 1

Exterior Features

# Of Studio Units 11
Unit 1 Bedrooms 1
Unit 1 Full Baths 1
Unit 1 Rent 990
Unit 2 Bedrooms 1
Unit 2 Full Baths 1
Unit 2 Rent 1050
Unit 3 Bedrooms 1
Unit 3 Full Baths 1
Unit 3 Rent 1000
Unit 4 Bedrooms 1
Unit 4 Rent 990
Acres 0.4200
Exterior Wood
Garages 1
No. Covered Spaces 1
Roof Description Comp Shingle
Total # Of Bldgs 2
Uncovered Parking 21


  • 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

AVG $2.3M
AVG 327
Year Built
AVG 1959
AVG 63
Data Provided by Walkscore ® not using MLS data

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