1037 Pine Grove Ave South Lake Tahoe, CA 96150
Estimated payment $4,752/month
Total Views
70,681
4
Beds
4
Baths
1,440
Sq Ft
$527
Price per Sq Ft
Highlights
- Double Pane Windows
- Wood Siding
- 1-Story Property
- Laundry Facilities
About This Home
Sitting in the heart of South Lake Tahoe, 1037 Pine Grove Ave is a charming and updated four-plex that blends investment potential with mountain-town appeal. Located just minutes from Stateline and the lake, this property sits in a sunny spot flanked by conservancy lots, offering both privacy and natural light.Each of the four units is a studio apartment, thoughtfully remodeled with laminate flooring, ceramic tile bathrooms, and modern appliances. The upgrades make the units attractive to tenants, and all are currently rentedan encouraging sign for consistent cash flow. Rents are currently around $1300/$1350 per unit, with room for increases based on market trends.The property includes a common laundry room, and features ample parking, a fully fenced lot, and low-maintenance landscapingideal for out-of-town investors. Tenants handle their own electric bill, further reducing operating costs.With a gross annual income of approximately $67,200, this four-plex offers a solid cap rate, especially considering its central location and minimal upkeep requirements. It's a rare find in a high-demand area where vacancies don't last long.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 5,227 Sq Ft Lot
Parking
- 4 Parking Spaces
Home Design
- Quadruplex
- Wood Frame Construction
- Pitched Roof
- Wood Siding
Interior Spaces
- 4 Bedrooms
- 1,440 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Crawl Space
Utilities
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Master Meter
- Natural Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 027083006000
Community Details
Overview
- 4 Units
- New Bijou Park Addition Subdivision
Amenities
- Laundry Facilities
Building Details
- Operating Expense $4,480
- Gross Income $67,200
- Net Operating Income $53,760
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/23/2025 07/23/25 | For Sale | $759,000 | 0.0% | $527 / Sq Ft | |
| 07/10/2025 07/10/25 | Pending | -- | -- | -- | |
| 06/29/2025 06/29/25 | For Sale | $759,000 | 0.0% | $527 / Sq Ft | |
| 02/10/2025 02/10/25 | Off Market | $1,300 | -- | -- | |
| 01/17/2025 01/17/25 | For Rent | -- | -- | -- | |
| 10/08/2024 10/08/24 | Off Market | $1,300 | -- | -- | |
| 10/01/2024 10/01/24 | For Rent | $1,300 | 0.0% | -- | |
| 08/07/2015 08/07/15 | Sold | $305,000 | -6.2% | $212 / Sq Ft | View Prior Sale |
| 07/02/2015 07/02/15 | Pending | -- | -- | -- | |
| 03/19/2015 03/19/15 | For Sale | $325,000 | -- | $226 / Sq Ft |
Source: South Tahoe Association of REALTORS®
About the Listing Agent
A Little Bit About Peter: Being a Realtor and a Licensed California General Contractor Peter understands Real Estate be it building, remodeling, or selling. Peter can help you understand the costs of remodeling or even building your dream home here in Tahoe. Peter enjoys helping my clients achieve their real estate dreams; Peter has the experience that will help define the best solution to your needs and desires.
Peter's Other Listings
Source: South Tahoe Association of REALTORS®
MLS Number: 141879
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Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
© Copyright South Tahoe Association of Realtors.
Based on information from the South Tahoe Association of REALTORS® MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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