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.
For sale
Price cut: $39K (9/26)
$960,000
1029 Reno Ave, South Lake Tahoe, CA 96150
7beds
7baths
2,500sqft
Est.:
Multi Family
Built in 1964
-- sqft lot
$889,800 Zestimate®
$384/sqft
$-- HOA
What's special
Refreshed studio unitExtensive renovations
- 158 days |
- 529 |
- 23 |
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