NOT LISTED FOR SALE

579 James Ave South Lake Tahoe, CA 96150

6 Beds
5 Baths
3,498 Sq Ft
0.25 Acres

Last Sold March 01, 2022

Last sale price $775,000 $222 Per Sq Ft

Highlights

  • Airplane Hangar
  • No Units Above
  • Community Lake
  • Fishing
  • View of Trees or Woods
  • Hiking Trails

About This Home

As of March 2022

Attractive multi-unit property located near the keys in South Lake Tahoe. This property consists of a tri-plex and a duplex of which all units are single story with easy access. The 2 bedroom unit is completely remodeled, and all have dual pane windows throughout. A beautiful property in a picturesque setting. Many options here for you.

Last Agent to Sell the Property

Doug Needham

Coastal View Property License #01467779 Listed on: 02/04/2022

Last Buyer's Agent

Doug Needham

Coastal View Property License #01467779 Listed on: 02/04/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.25 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wire Fence
  • No Sprinklers

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 3,498 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Double Pane Windows
  • Views of Woods

Kitchen

  • Propane Oven
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 6 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Airplane Hangar

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 023131017000

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Community Lake
  • Mountainous Community

Recreation

  • Fishing
  • Hiking Trails

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Insurance Expense $6,000
  • Trash Expense $1,272
  • Water Sewer Expense $5,892
  • Operating Expense $13,176
  • Gross Income $19,800
  • Net Operating Income $10,224

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 5892.00
  • Zoning: HDR
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 023131017000
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 228.70
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Airplane Hangar
  • View: Trees/Woods
  • Fence: Yes
  • Fencing: Wire
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Propane Oven, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Closet, Stackable, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1272.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Fishing, Hiking, Lake, Mountainous

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Sprinklers None
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 680 Square Feet
  • Average2 Bed Area: 780 Square Feet
  • Gross Income: 19800.00
  • Gross Scheduled Income: 19800.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 10224.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 3
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Disposal: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 13176.00
  • Rent Control: No
  • Total Expenses: 13176.00

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 List to Sale Price per Sq Ft
03/01/2022 03/01/22 Sold $775,000 -3.1% $222 / Sq Ft
02/04/2022 02/04/22 For Sale $800,000 -- $229 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Needham

    Seller's Agent in 2022

    Doug Needham

    Coastal View Property

    (805) 932-3200

    2 in this area

    40 Total Sales

    Doug Needham
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Map

Source: Ventura County Regional Data Share

MLS Number: V1-10484

Ventura County Regional Data Share

APN: 023-131-17-100

California El Dorado County South Lake Tahoe 96150

579 James Ave, South Lake Tahoe, CA

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.

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