For sale
  • Price cut: $39K (9/26)
    $960,000

    1029 Reno Ave, South Lake Tahoe, CA 96150

    7beds
    7baths
    2,500sqft
    : 
    Multi Family
    Built in 1964
    -- sqft lot
    $889,800 Zestimate®
    $384/sqft
    $-- HOA

    What's special

    Refreshed studio unitExtensive renovations
    An exceptional income opportunity featuring seven total unitsthree duplexes and one freestanding studiocentrally located in South Lake Tahoe. The properties span three separate parcels (1029 Reno Ave - APN 031-082-016, 1031 Reno Ave - APN 031-082-017, and 1035 Reno Ave - APN 031-082-018), offering future flexibility and potential for individual sales after separate metering.Currently, all units share a single gas and electric meter, providing an opportunity for a savvy investor to increase value by installing individual meters.Recent improvements include extensive renovations to 1029 Reno and a refreshed studio unit on the left side of 1031 Reno. The 1035 Reno duplex is occupied by long-term tenants and presents a great opportunity for future updates and added value.With its prime central location and strong rental demand, this property package is ideal for investors seeking steady income, redevelopment potential, or a long-term portfolio addition in South Lake Tahoe.
    158 days
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    529
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