NOT LISTED FOR SALE

1150 Melba Dr South Lake Tahoe, CA 96150

6 Beds
4 Baths
2,461 Sq Ft
1 Acres

Last Sold December 01, 2021

Last sale price $980,000 $398 Per Sq Ft

226 Days on Market

Highlights

  • 1 Acre Lot
  • Wood Siding
  • 1-Story Property
  • Shed

About This Home

As of December 2021

Prime 1 acre mixed-use property. Conveniently located near intersection of Highways 50 and 89, shopping, restaurants, hospital, beaches, trail heads.Five detached units (4 residential, 1 commercial building with large storage yard). The buildings consist of 2,913 ground floor sf with plenty of on site parking and storage.The TRPA has verified 29,226 sf of Class 7 coverage, with potential for additional 1266 sf.Located in Town Center Gateway, Tahoe Valley Area Plan, this is an ideal investment with development potential. A sample of allowable uses include: Multi Family Residential up to 25 units/acre, General Retail, Heath Care Services, Professional Offices, Repair Services, Secondary Storage, Small Scale Manufacturing, Warehousing.https://player.vimeo.com/video/446950916Buyer to cooperate in a 1031 exchange at no cost to buyerNote: The preceding information has been provided to best of my knowledge. Interested parties shall independently verify all information.

Last Agent to Sell the Property

Nicole Zaborsky

Ascent Property Group License #02043717 Listed on: 08/01/2020

Last Buyer's Agent

Mark Lucksinger

Lake Valley Properties License #00515959

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1940

Lot Details

  • 1

Home Design

  • Wood Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6 Bedrooms
  • 2,461 Sq Ft Home
  • 1-Story Property

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Shed
  • 1 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 032191010000

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $16,072
  • Gross Income $61,688
  • Net Operating Income $45,616

Property Details

Home Type

Apartment

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Apt Build 5-12 Units
  • AV Comments: A/V on site
  • AV Surveillance: Yes
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • T R P A Land Cap Study: Yes
  • Year Built: 1940
  • Miscellaneous: Tenant Pays Utlities
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Bedrooms: 6
  • Price Per Square Foot: 398.21
  • Square Footage: 2461.00
  • Number Of Stories: One Story, Two Story

Exterior Features

  • Construction: Wood Frame, Wood Siding
  • Foundation: Wood
  • Roof: Pitched, Composition
  • Exterior Features: Storage Shed

Utilities

  • Utilities: City Water, City Sewer, Cable TV, Telephone

Lot Info

  • Acres: 1.0028
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 43681.00
  • Price Per Acre: 977263.66

Rental Info

  • Rental Agrmton File: Yes
  • Rnt Scheduleon File: Yes

Tax Info

  • Assessor Parcel Number: 032191010000

Multi Family

  • Total Units: 5
  • Additional Assessor Parcel Numbers: 1400.00
  • Unit 2 Bedrooms Bathrooms: Studio with 1 Bath
  • Unit 2 Monthly Rent: 750.00
  • Unit 3 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 3 Monthly Rent: 1400.00
  • Unit 4 Unit Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 4 Monthly Rent: 1150.00
  • Unit 5 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 5 Monthly Rent: 1175.00

Range of Values:

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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 Change Sq Ft Price
12/01/2021 12/01/21 Sold $980,000 -10.8% $398 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
10/22/2020 10/22/20 Price Changed $1,099,000 -4.4% $447 / Sq Ft
08/01/2020 08/01/20 For Sale $1,150,000 -- $467 / Sq Ft
Source: South Tahoe Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nicole Zaborsky

    Seller's Agent in 2021

    Nicole Zaborsky

    Ascent Property Group

    (530) 577-7111

    54 in this area

    70 Total Sales

    Nicole Zaborsky
    Section Image

  • M

    Buyer's Agent in 2021

    Mark Lucksinger

    Lake Valley Properties

    (530) 318-1590

    7 in this area

    8 Total Sales

    Mark Lucksinger
    Section Image
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Map

Source: South Tahoe Association of REALTORS®

MLS Number: 132847

South Tahoe Association of REALTORS®

APN: 032-191-10-100

California El Dorado County South Lake Tahoe 96150

1150 Melba Dr, South Lake Tahoe, CA

This home is located at 1150 Melba Dr, South Lake Tahoe, CA 96150 since 01 August 2020. This property was built in 1940. 1150 Melba Dr is a home located in El Dorado County with nearby schools including Bijou Community, South Tahoe Middle School, and South Tahoe High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Tahoe Association of REALTORS® 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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