Home | El Dorado County | South Lake Tahoe | 96150 | 3121 Pasadena Ave
MLS: ML82043187 | Status: | Price: $799,000
Beds/Baths: – / –
Property Type: Residential Income
| 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. Seller financing is available to qualified buyers. 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 | 54 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Wall Furnace |
| 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
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 1 | 6 |
| 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 data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Elevated Digital Learning Academy | public | K-12 | 0.46 mi | 4 |
| South Tahoe Middle School | public | 6-8 | 0.49 mi | 4 |
| Bijou Community School | public | K-5 | 1.15 mi | 7 |
| Tahoe Valley Elementary School | public | K-5 | 1.84 mi | 5 |
| Sierra House Elementary School | public | K-5 | 2.59 mi | 6 |
| Mt. Tallac High School | public | 9-12 | 2.86 mi | 1 |
| South Tahoe High School | public | 9-12 | 2.86 mi | 7 |
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This listing information is up-to-date as of July 05, 2026. For the most current information, please contact Moon Choe, (408) 359-7070.