3754 Forest Ave South Lake Tahoe, CA 96150
Estimated payment $10,050/month
About This Home
Centrally Located Multi-Family Investment - 11 Units on 2 Parcels, Plus 1 vacant Parcel.Value-Add Potential Investor alert! This maintained and compliant 11-unit multi-family complex features 2 two-bedroom/one-bath units and 9 one-bedroom/one-bath units, each with a private deck and access to a shared courtyard ideal for tenant enjoyment and retention.Located on two legal parcels, the sale also includes a third adjacent parcel, offering significant upside. Additional income is generated through on-site coin-operated laundry facilities. Whether you choose to sell the third parcel, hold for future development, or expand the existing complex, the options are yours.Situated in a prime central location near major bus lines, shopping, and the casinos, this property offers strong rental demand, accessibility and room for growth. Don't miss this rare opportunity to acquire a flexible, income-producing asset in a high-demand area.
Property Details
Home Type
- Apartment
Year Built
- Built in 1961
Lot Details
- 4,792 Sq Ft Lot
Home Design
- Slab Foundation
- Wood Frame Construction
- Pitched Roof
- Composition Roof
- Wood Siding
Interior Spaces
- 13 Bedrooms
- 3,520 Sq Ft Home
- 2-Story Property
Utilities
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Central Water Heater
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 027132009000
Community Details
Overview
- 11 Units
- Bijou Park Addition Subdivision
Amenities
- Laundry Facilities
Building Details
- Operating Expense $50,180
- Gross Income $133,524
- Net Operating Income $84,790
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/06/2025 06/06/25 | For Sale | $1,600,000 | -- | $455 / Sq Ft |
Source: South Tahoe Association of REALTORS®
MLS Number: 141745
APN: 027-132-09-100
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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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