For Sale
1335 N North Lake Blvd, Tahoe City, CA, 96145
Investment at a glance
Annual Revenue
$106K
Gross Yield
9.3%
Occupancy
60%
Cap Rate
5.6%
Great location in Tahoe City! Property is currently being utilized as 3 units with a long term rental and 2 vacation rentals. There are: a studio, a 1 bedroom/ 1 bath (no closet) and a 2 bedroom/ 2 bath. These units have been beautifully updated and the 2 bed and 1 bed units come nicely furnished as well. This parcel has high visibility and comes with ample parking. The property has had several uses over the years including office and commercially utilized. This area of Tahoe City is typified by several mixed use properties. Any buyer to satisfy themselves that the property can satisfy their intended use. This is a prime property for a 1031 tax deferred exchange in which an owner can rent two units and use one for themselves. The 1 bedroom and studio do not have full kitchens.
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