3546 Spruce Ave South Lake Tahoe, CA 96150
Estimated payment $17,618/month
Highlights
- 0.53 Acre Lot
- Central Heating and Cooling System
- Laundry Facilities
- No HOA
About This Home
Colliers Is pleased to present 3546 Spruce Ave. A revitalized 12-unit apartment property located in the world-renowned South Lake Tahoe region. This is a great opportunity to own an investment property and be partnered with Vail Properties, the owner of Heavenly resorts. Vail has master leased this apartment building for 5 years with a 2-year option to extend. The subject property has 9,863 square feet of rentable living space with a total of 3 Buildings, which is comprised of a 10-unit complex and two houses. This property was built in 1960 and renovated in 2023 by an 11-month foundation to roof renovation project. From flooring to roof everything except the foundational lumber has been removed and replaced. Renovations also include new electrical hook-ups and new transformers from the City of South Lake Tahoe. The apartment building consists of (4) 1-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom Units and (2) Studios. Two houses consist of a 2-bedroom/1-bathroom Single Family Residence & a 2-bedroom/2-bathroom SFR. Having a master lease provides an opportunity for the next owner not to be tasked with paying for maintenance, utilities or even snow plowing!
Listing Agent
Collier's International CA, Inc. License #01942991 Listed on: 07/15/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.53 Acre Lot
Parking
- Off-Street Parking
Home Design
- Garden Apartment
- Concrete Foundation
- Redwood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Laminate Flooring
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 025-261-017
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- 12 Units Leased Month-To-Month
- Net Lease
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/27/2025 07/27/25 | Price Changed | $2,750,000 | -15.4% | $3,929 / Sq Ft |
| 07/15/2025 07/15/25 | For Sale | $3,250,000 | +241.6% | $4,643 / Sq Ft |
| 10/18/2016 10/18/16 | Sold | $951,500 | -13.5% | $96 / Sq Ft |
| 08/09/2016 08/09/16 | Pending | -- | -- | -- |
| 05/19/2016 05/19/16 | For Sale | $1,100,000 | -- | $112 / Sq Ft |
Source: MetroList
MLS Number: 225087587
APN: 025-261-17-100
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