$2,750,000
SOLD JAN 2, 2024

3893 Pioneer Trail South Lake Tahoe, CA 96150

23 Beds
-- Bath
8,872 Sq Ft
0.28 Acres

Recently Sold

$310 Per Sq Ft

21% Below List Price

54 Days on Market

Highlights

  • Fireplace
  • Resident Manager or Management On Site
  • High Speed Internet
  • Double Pane Windows
  • Laundry Facilities
  • Satellite Dish

About This Home

As of January 2024

Offered for sale for the first time in 44 years, this 20 unit complex, encompassing two separate parcels, presents an incredible opportunity for investors looking in the Tahoe market. A short walk to the Heavenly Ski Resort Gondolas, Heavenly Village, and all of the Casinos, the units rent well to local workers as well as those looking for a more walkable lifestyle. Many of the units have newer kitchens with slab counters, vinyl floors and newer windows as well as a recently updated community laundry room and an on-demand water heater.All square footage and number of units represents a combination of both 3893 and 3897 Pioneer Trail. All information deemed reliable but not guaranteed.

Last Agent to Sell the Property

Angela Roberts

Mountain Luxury Properties License #01950736 Listed on: 10/23/2023

Co-Listed By

Leila Kuelper

Mountain Luxury Properties License #01976073

Last Buyer's Agent

Angela Roberts

Mountain Luxury Properties License #01950736 Listed on: 10/23/2023

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,890

Year Built

  • Built in 1961

Lot Details

  • 0.28 Acre Lot

Parking

  • 16 Parking Spaces

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 23 Bedrooms
  • 8,872 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Double Pane Windows
  • Crawl Space

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Master Meter
  • Central Water Heater
  • Natural Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 029162004000

Community Details

Overview

  • 20 Units
  • Unavail Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Operating Expense $106,927
  • Gross Income $306,996
  • Net Operating Income $190,065

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,890

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Apt Complx 13+ Units
  • AV Comments: Parking lot and laundry surveillance
  • AV Surveillance: Yes
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Year Built: 1961
  • Miscellaneous: Master Meter-Gas, Resident Manager, Pet Restrictions, Central Water Heater, Owner Pays Utilities
  • Directions: Lake tahoe Blvd turn onto Pioneer Trail. Building will be on the West side of the street accross from Drink Coffee, Do stuff
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Unavail
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Windows: Single Pane, Double Pane
  • Bedrooms: 23
  • Laundry: Common
  • Price Per Square Foot: 309.96
  • Square Footage: 8872.00
  • Number Of Stories: Two Story

Exterior Features

  • Construction: Wood Frame, Wood Siding
  • Foundation: Concrete/Crawl Space
  • Roof: Flat, Composition
  • Exterior Features: Satellite Dish

Garage/Parking

  • Number Parking Spaces: 16.00

Utilities

  • Heating/Cooling: Natural Gas, Wall or Space Heater, Fireplace
  • Utilities: NaturalGasAvailable, City Water, City Sewer, Cable TV, High Speed Internet, Telephone, Water Meter
  • Water Heater: Natural Gas, Electric

Lot Info

  • Acres: 0.2800
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 12196.00
  • Price Per Acre: 9821428.57
  • Zoning: Multi-Family

Rental Info

  • Effective Rental Income: 291646.20
  • Rental Agrmton File: Yes
  • Rnt Scheduleon File: Yes

Tax Info

  • Assessor Parcel Number: 029162004000
  • Taxes: 8890.00

Multi Family

  • Total Units: 20
  • Unit 10 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • 10th Unit Rent Month: 1250.00
  • Unit 11 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • 11th Unit Rent Month: 1450.00
  • Unit 12 Bedrooms Bathrooms: 2 Beds 1.5 Baths
  • 12th Unit Rent Month: 1750.00
  • Unit 14 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • 14th Unit Rent Month: 1195.00
  • Unit 15 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • 15th Unit Rent Month: 1450.00
  • Unit 16 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • 16th Unit Rent Month: 1400.00
  • Unit 17 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • 17th Unit Rent Month: 1320.00
  • Unit 18 Bedrooms Bathrooms: 2 Beds - 1 Bath
  • 18th Unit Rent Month: 1450.00
  • Unit 19 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • 19th Unit Rent Month: 1400.00
  • First Unit Bedrooms Bathrooms: Studio with 1 Bath
  • Additional Assessor Parcel Numbers: 625.00
  • Unit 20 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 20 Monthly Rent: 600.00
  • Unit 21 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 21 Monthly Rent: 1400.00
  • Unit 2 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 2 Monthly Rent: 1450.00
  • Unit 3 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 3 Monthly Rent: 1399.00
  • Unit 4 Unit Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 4 Monthly Rent: 895.00
  • Unit 5 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 5 Monthly Rent: 1250.00
  • Unit 6 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 6 Monthly Rent: 1499.00
  • Unit 7 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 7 Monthly Rent: 925.00
  • Unit 8 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 8 Monthly Rent: 1475.00
  • Unit 9 Unit Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 9 Monthly Rent: 1400.00

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
02/26/2025 02/26/25 For Sale $3,500,000 +27.3% $394 / Sq Ft
01/02/2024 01/02/24 Sold $2,750,000 -15.4% $310 / Sq Ft
12/16/2023 12/16/23 Pending -- -- --
11/16/2023 11/16/23 Price Changed $3,250,000 -7.1% $366 / Sq Ft
10/23/2023 10/23/23 For Sale $3,500,000 -- $394 / Sq Ft
Source: South Tahoe Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Tahoe Association of REALTORS®

MLS Number: 139527

South Tahoe Association of REALTORS®