CA > South Lake Tahoe > Tahoe Sierra 1
South Lake Tahoe, CA 96150,1029 Reno Avenue
South Lake Tahoe, CA 96150,1029 Reno Avenue
South Lake Tahoe, CA 96150,1029 Reno Avenue
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Kristi Ghent

Kristi Ghent

+1(916) 759-1084
$960,000
Est. payment /mo
7 Beds
2,500 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apt Build 5-12 Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $384

Subdivision Tahoe Sierra 1

MLS Listing ID 141530

Bedrooms 7

Year Built 1964

Annual Tax Amount $11,000

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Apt Build 5-12 Units

Property Description

An exceptional income opportunity featuring seven total unitsthree duplexes and one freestanding studiocentrally located in South Lake Tahoe. The properties span three separate parcels (1029 Reno Ave - APN 031-082-016, 1031 Reno Ave - APN 031-082-017, and 1035 Reno Ave - APN 031-082-018), offering future flexibility and potential for individual sales after separate metering.Currently, all units share a single gas and electric meter, providing an opportunity for a savvy investor to increase value by installing individual meters.Recent improvements include extensive renovations to 1029 Reno and a refreshed studio unit on the left side of 1031 Reno. The 1035 Reno duplex is occupied by long-term tenants and presents a great opportunity for future updates and added value.With its prime central location and strong rental demand, this property package is ideal for investors seeking steady income, redevelopment potential, or a long-term portfolio addition in South Lake Tahoe.

Location

State CA

County El Dorado

Area Tahoe-Sierra

Zoning Other/See Remarks

Interior

Heating Natural Gas, Wall or Space Heater

Cooling Natural Gas, Wall or Space Heater

Exterior

Exterior Feature Storage Shed

Utilities Available NaturalGasAvailable, Well - Private, Cable TV, Telephone, Water Meter

Roof Type Composition,Shingle

Building

Story One Story, Two Story

Foundation Concrete/Crawl Space

Water Natural Gas

Others

Ownership Fee Simple

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Listed by RE/MAX Gold - SLT
Kristi Ghent

"We are always here to help, we take great pride in providing expert guidance and advice!"

+1(916) 759-1084

kristi@ghentteam.com

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1029 Reno Avenue