$1,695,000

2561 Osborne Ave South Lake Tahoe, CA 96150

Estimated payment $10,930/month

Total Views 3,892
13 Beds
8 Baths
4,656 Sq Ft
$364 Price per Sq Ft

Highlights

  • Double Pane Windows
  • Wood Siding
  • 1-Story Property

About This Home

Exceptional income-producing property in the heart of town next to bus lines, shopping, and restaurants. Immaculate condition all the way around; all projects have been done for you, including freshly seal-coated driveways, plumbing and electrical upgrades, and newer roof and exterior paint. Two of the units are 2 bedrooms/one bathroom, the other three units are 3 bedrooms/two bathrooms. Behind each door are granite countertops, durable flooring, recessed lighting, and fresh paint. All units have a single-car garage, and three of the units have a small, fenced yard. Each unit has a full-sized washer and dryer, a tankless water heater, and stainless steel appliances. Professionally managed over the years with copious records and great rental history, this partially occupied complex is ready for two new tenants at market rents. A comfortable place to call home, this complex checks all the boxes and is central to all things Tahoe.

Listing Agent

Michael Phillips

Realty World Lake Tahoe License #01369810 Listed on: 05/15/2025

Realty World Lake Tahoe

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1966

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

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

Interior Spaces

  • 13 Bedrooms
  • 4,656 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Crawl Space
  • Laundry in unit

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 031155021000

Community Details

Overview

  • 5 Units
  • Tahoe Sierra 3 Subdivision

Building Details

  • Operating Expense $44,902
  • Gross Income $130,080
  • Net Operating Income $85,177

Property Details

Home Type

Apartment

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Apt Build 5-12 Units
  • AV Comments: Unknown if tenant have
  • AV Surveillance: Yes
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Year Built: 1966
  • Miscellaneous: Sep. Water Heater, Separate Heat/Cool
  • Directions: Corner of Sierra Blvd and Osborne. Next to the Church
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Tahoe Sierra 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Windows: Double Pane, Vinyl Frame
  • Bedrooms: 13
  • Laundry: In Unit
  • Price Per Square Foot: 364.05
  • Square Footage: 4656.00
  • Number Of Stories: One Story, Two Story

Exterior Features

  • Construction: Wood Frame, Wood Siding
  • Foundation: Concrete/Crawl Space
  • Roof: Pitched, Composition

Garage/Parking

  • Number Grge Crprt: 5
  • Number Parking Spaces: 8.00

Utilities

  • Heating/Cooling: Natural Gas, Wall or Space Heater
  • Water Heater: Natural Gas

Lot Info

  • Acres: 0.2300
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 10019.00
  • Price Per Acre: 7369565.22
  • Zoning: Multi-Family

Rental Info

  • Effective Rental Income: 130080.00

Tax Info

  • Assessor Parcel Number: 031155021000

Multi Family

  • Total Units: 5
  • First Unit Bedrooms Bathrooms: 3 Beds - 2 Baths
  • Additional Assessor Parcel Numbers: 2300.00
  • Unit 2 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 2 Monthly Rent: 1950.00
  • Unit 3 Bedrooms Bathrooms: 3 Beds - 2 Baths
  • Unit 3 Monthly Rent: 2300.00
  • Unit 4 Unit Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 4 Monthly Rent: 1895.00
  • Unit 5 Bedrooms Bathrooms: 3 Beds - 2 Baths
  • Unit 5 Monthly Rent: 2395.00

Map

Range of Values:

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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
05/15/2025 05/15/25 For Sale $1,695,000 -- $364 / Sq Ft
Source: South Tahoe Association of REALTORS®

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Source: South Tahoe Association of REALTORS®

MLS Number: 141609

South Tahoe Association of REALTORS®

APN: 031-155-21-100

California El Dorado County South Lake Tahoe 96150

2561 Osborne Ave, South Lake Tahoe, CA

This home is located at 2561 Osborne Ave, South Lake Tahoe, CA 96150 and is currently priced at $1,695,000, approximately $364 per square foot. This property was built in 1966. 2561 Osborne Ave is a home located in El Dorado County with nearby schools including Tahoe Valley Elementary School, 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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Michael Phillips
Listing Agent
Michael Phillips
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Realty World Lake Tahoe
(530) 545-1389