NOT LISTED FOR SALE

1037 Echo Rd Unit 15 South Lake Tahoe, CA 96150

5 Beds
5 Baths
2,332 Sq Ft
10,019 Sq Ft Lot

Last Sold August 24, 2021

Last sale price $647,000 $277 Per Sq Ft

91 Days on Market

Highlights

  • Shed
  • Wood Siding
  • 3-minute walk to Van Sickle Bi-State Park
  • High Speed Internet
  • 1-Story Property

About This Home

As of August 2021

5 One bedroom units located 1 block from the Raley's/Heavenly Village Shopping center, walking distance to the Heavenly Ski Resort gondola and less than 1/2 mile to the Stateline casino corridor. Long term tenants in an area with Very low Vacancy Factor. The two adjacent properties are also available for sale, MLS#134090 & #134091. Video Presentation at http://shorturl.at/opwD1 Financials and disclosures available.

Last Agent to Sell the Property

Larry Sabo

RE/MAX Gold - SLT License #01154205 Listed on: 03/29/2021

RE/MAX Gold - SLT

Last Buyer's Agent

Larry Sabo

RE/MAX Gold - SLT License #01154205 Listed on: 03/29/2021

RE/MAX Gold - SLT

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 10,019

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Tar and Gravel Roof
  • Wood Siding

Interior Spaces

  • 5 Bedrooms
  • 2,332 Sq Ft Home
  • 1-Story Property

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Master Meter
  • Natural Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Shed
  • 10,019 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 029332010000

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $20,847
  • Gross Income $72,000
  • Net Operating Income $50,433

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Apt Build 5-12 Units
  • AV Comments: Unknown
  • AV Surveillance: Yes
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Year Built: 1960
  • Miscellaneous: Master Meter-Gas, Sep. Water Heater, Separate Heat/Cool, Owner Pays Utilities, Tenant Pays Utlities
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Windows: Single Pane, Metal Frame
  • Bedrooms: 5
  • Price Per Square Foot: 277.44
  • Square Footage: 2332.00
  • Number Of Stories: One Story

Exterior Features

  • Construction: Wood Frame, Wood Siding
  • Foundation: Slab
  • Roof: Pitched, Tar/Gravel
  • Exterior Features: Storage Shed

Utilities

  • Heating/Cooling: Natural Gas, Wall or Space Heater
  • Utilities: NaturalGasAvailable, City Water, City Sewer, Cable TV, High Speed Internet, Telephone
  • Water Heater: Natural Gas

Lot Info

  • Acres: 0.2300
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 10019.00
  • Price Per Acre: 2813043.48
  • Zoning: Multi-Family

Rental Info

  • Effective Rental Income: 71280.00
  • Rental Agrmton File: Yes
  • Rnt Scheduleon File: Yes

Tax Info

  • Assessor Parcel Number: 029332010000
  • Taxes: 13.00

Multi Family

  • Total Units: 5
  • First Unit Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 2 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 3 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 4 Unit Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 5 Bedrooms Bathrooms: 1 Bed - 1 Bath

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $647,000 -4.1% $277 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $675,000 -- $289 / Sq Ft
Source: South Tahoe Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Tahoe Association of REALTORS®

MLS Number: 134092

South Tahoe Association of REALTORS®

APN: 029-332-10-100