NOT LISTED FOR SALE

888 San Jose Ave Unit 1-4 South Lake Tahoe, CA 96150

4 Beds
4 Baths
2,200 Sq Ft
0.29 Acres

Last Sold July 18, 2017

Last sale price $500,000 $227 Per Sq Ft

26 Days on Market

Highlights

  • High Speed Internet
  • 1-Story Property
  • 4-minute walk to Thomas F Regan Memorial Park
  • Wood Siding

About This Home

As of July 2017

A rare opportunity to purchase a multi-family, four-unit complex with two individual duplexes sharing one wall each and a lot right next door enclosed within the same fence that has a garage approximately 32'x20'. Each unit has one bedroom, one bathroom with a living room and kitchen, and are fully occupied, renting quickly when a tenant moves out. This is a unique investment opportunity grossing approximately $29,700 per year; rents are below market to insure low vacancy rates. This property is located in the area known as Al Tahoe, in South Lake Tahoe and is only two blocks from Regan Beach and minutes to shopping, entertainment, the casinos, and outdoor sports. South Lake Tahoe is about 60 miles south of Reno, Nevada; 195 miles east of San Francisco; 100 miles northeast of Sacramento.

Last Agent to Sell the Property

Linda Szendrey

Chase International License #01423621 Listed on: 04/19/2017

Chase International

Co-Listed By

Jonathan Szendrey

Chase International License #01960482

Last Buyer's Agent

Jennifer Peterson

Jennifer Peterson, Broker License #01786443

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.29 Acre Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 4 Bedrooms
  • 2,200 Sq Ft Home
  • 1-Story Property

Utilities

  • Heating System Mounted To A Wall or Window
  • Natural Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 026-073-21-100

Community Details

Overview

  • 4 Units
  • Al Tahoe 1 Subdivision

Building Details

  • Gross Income $29,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Duplex
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Street Number Modifier: 878
  • Year Built: 1958
  • Miscellaneous: Sep. Water Heater, Separate Heat/Cool, Tenant Pays Utlities
  • Directions: Drive down Lakeview Ave; left on Sacramento Ave; then left on San Jose; the property is on the right.
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Al Tahoe 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Windows: Single Pane, Metal Frame
  • Bedrooms: 4
  • Price Per Square Foot: 227.27
  • Square Footage: 2200.00
  • Number Of Stories: One Story

Exterior Features

  • Construction: Wood Frame, Wood Siding
  • Foundation: Slab
  • Roof: Pitched, Metal

Garage/Parking

  • Number Grge Crprt: 2
  • Number Parking Spaces: 6.00

Utilities

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

Association/Amenities

  • Entry Level Unit: 1-4

Lot Info

  • Acres: 0.2870
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 12500.00
  • Price Per Acre: 1742160.28

Rental Info

  • Rental Agrmton File: Yes

Tax Info

  • Assessor Parcel Number: 026-073-21-100

Multi Family

  • Total Units: 4
  • First Unit Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 2 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 3 Bedrooms Bathrooms: 1 Bed - 1 Bath
  • Unit 4 Unit Bedrooms Bathrooms: 1 Bed - 1 Bath

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
07/18/2017 07/18/17 Sold $500,000 -9.1% $227 / Sq Ft
05/15/2017 05/15/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $550,000 -- $250 / 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: 127277

South Tahoe Association of REALTORS®

APN: 026-073-21-100