1160 Bowers Ave South Lake Tahoe, CA 96150
Estimated payment $35,955/month
Highlights
- 1.25 Acre Lot
- Laundry Facilities
- 1-Story Property
- Double Pane Windows
- Wood Siding
About This Home
Exceptional investment opportunity with an attractive CAP rate @ 6.0 and current maintenance items performed! Offered for sale is a 27-unit apartment complex occupying two large parcels: 3590 Tamarack Avenue and 1160 Bowers Avenue. Fully occupied, minus the showing unit, this complex has a steady income history and many upgrades! Rents are current! Each unit has individual gas meters, electric has sub-meters and several units have been completely remodeled with contemporary gray tones, shaker-style cabinetry, quality laminate flooring, granite slab counters, and stainless steel appliances. Increase your CAP rate by renovating the remaining units and increasing rents, respectively. Additional streams of income include optional, independently rented garage spaces and two separate on-site coin laundry facilities. Both of the addresses have their own manicured courtyard with lush lawns and irrigation. Beside each address are Forest Service/Conservancy parcels for added privacy and buffering. The entire complex parking areas have been sealed and meticulously repaired this season and have clearly marked designated parking spaces for each unit. Newer roofs, 2008 & 2022, recent exterior paint, and vinyl windows have already been done for you! Near grocery shopping, recreation, the tourist core, and bus lines, getting around town is a breeze from this location!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $62,084
Year Built
- Built in 1963
Lot Details
- 1.25 Acre Lot
Parking
- 13 Parking Spaces
Home Design
- Flat Roof Shape
- Concrete Foundation
- Wood Frame Construction
- Pitched Roof
- Wood Siding
Interior Spaces
- 54 Bedrooms
- 24,169 Sq Ft Home
- 1-Story Property
- Double Pane Windows
Utilities
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 027290010000
Community Details
Overview
- 27 Units
- Bijou Park Addition Subdivision
Amenities
- Laundry Facilities
Building Details
- Operating Expense $185,509
- Gross Income $566,664
- Net Operating Income $348,130
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $5,800,000 | 0.0% | $240 / Sq Ft |
| 07/31/2025 07/31/25 | Off Market | $5,800,000 | -- | -- |
| 06/03/2025 06/03/25 | Price Changed | $5,800,000 | -5.2% | $240 / Sq Ft |
| 04/10/2025 04/10/25 | For Sale | $6,120,000 | 0.0% | $253 / Sq Ft |
| 03/31/2025 03/31/25 | Off Market | $6,120,000 | -- | -- |
| 09/05/2024 09/05/24 | Price Changed | $6,120,000 | -4.4% | $253 / Sq Ft |
| 07/17/2024 07/17/24 | For Sale | $6,400,000 | -- | $265 / Sq Ft |
Source: South Tahoe Association of REALTORS®
MLS Number: 140505
APN: 027-290-10-100
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© 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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