For Sale
314 E Agatam Ave, Tahoe Vista, CA, 96148
Investment at a glance
Annual Revenue
$39K
Gross Yield
3.3%
Occupancy
4300%
Cap Rate
2.0%
Location is everything with this super unique Tahoe Vista property with three cabins. It sits adjacent to the meadow, offering hiking trails right out your back door. You are just a short walk to the beautiful sands of Moon Dunes Beach and a stone'sthrow away from Brockway Golf Course. Convenience is also key here, with Safeway and great Kings Beach restaurants just down the road. The main selling point is the expansive footprint. Spanning approximately .67 acres across four lots, it offers an incredible amount of space for the area. The property features three tenant-occupied cabins built in the 1930s—a studio, a one-bedroom, and a two-bedroom. These are old Tahoe cabins that are in need of work, but they are currently being used as long-term rentals, allowing the property to function as a steady income producer. If you are looking toward the future, this location offers tons of potential. There is 2013 topo survey available for the property. Additionally, there is one banked residential unit and another three residential units verified by the TRPA (see disclosures and buyer to verify). With so much space and verified residential units, this offers a fantastic canvas to bring your vision to life. Please do not walk on the property without an appointment, and do not disturb the tenants.
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