Home | El Dorado County | South Lake Tahoe | 96150 | 3121 Pasadena Ave
3121 Pasadena Ave, South Lake Tahoe, CA 96150
MLS: ML82043187 | Status: | Price: $850,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
2,879 |
5,227 |
1959 |
South Lake Tahoe multifamily investment opportunity located approximately three blocks from Lake Tahoe in the desirable Al Tahoe area. This 6 unit apartment property consists of approximately 2,879 SF situated on a 5,227 SF lot and offers significant value-add upside for investors, builders, or experienced rehab operators.
Property requires heavy renovation and substantial repair work and is priced accordingly. Ideal opportunity for a buyer seeking a major fixer-upper with the potential to reposition, renovate, and maximize long-term income or resale value.
Based on estimated market rents and a 6% capitalization rate, the projected stabilized value after renovation may be approximately $1.3 million (pro forma estimate only; buyer to independently verify all assumptions and underwriting).
Excellent walkable location near Lake Tahoe beaches, restaurants, shopping, and recreation, with convenient access to Heavenly Ski Resort and Stateline entertainment.
Property sold strictly AS-IS. Buyer to independently verify all property information, unit count, permits, condition, financial projections, and redevelopment potential.
| Field |
Value |
| MLS # |
ML82043187 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
8 |
Features
Interior Features
| Feature |
Details |
| Cooling |
None |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Metal |
| Foundation |
Slab |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Garage: 0 Car(s) |
| Elementary District |
Lake Tahoe Unified |
| High School District |
Lake Tahoe Unified |
| Water |
Public |
| Zoning |
HDR |
Moon Choe
Blue Moon Realty
License #: 01217391
Phone: (408) 359-7070
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 2 |
1 |
6 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
– |
– |
1/0 |
– |
– |
2 |
| 2 |
– |
1 |
1/0 |
– |
– |
3 |
| 3 |
– |
2 |
1/0 |
– |
– |
1 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
| Address |
Price |
Beds |
Baths |
Sq Ft |
Status |
| 3880 Pioneer Trl |
$950,000 |
– |
– |
3,125 |
Active |
Disclosures
©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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This listing information is up-to-date as of April 16, 2026. For the most current information, please contact Moon Choe, (408) 359-7070.