Centrally Located Multi-Family Investment - 11 Units on 2 Parcels, Plus 1 vacant Parcel.Value-Add Potential Investor alert! This maintained and compliant 11-unit multi-family complex features 2 two-bedroom/one-bath units and 9 one-bedroom/one-bath units, each with a private deck and access to a shared courtyard ideal for tenant enjoyment and retention.Located on two legal parcels, the sale also includes a third adjacent parcel, offering significant upside. Additional income is generated through on-site coin-operated laundry facilities. Whether you choose to sell the third parcel, hold for future development, or expand the existing complex, the options are yours.Situated in a prime central location near major bus lines, shopping, and the casinos, this property offers strong rental demand, accessibility and room for growth. Don't miss this rare opportunity to acquire a flexible, income-producing asset in a high-demand area.
For sale
$1,600,000
3754 Forest Ave, South Lake Tahoe, CA 96150
13beds
11baths
3,520sqft
Est.:
Multi Family
Built in 1961
-- sqft lot
$-- Zestimate®
$455/sqft
$-- HOA
What's special
Shared courtyardPrivate deck
- 64 days
- on Zillow |
- 477 |
- 30 |
Zillow last checked: 7 hours ago
Listing updated: June 17, 2025 at 06:20am
Listed by:
Michael E Phillips 530-544-5395 MikePhillips530@gmail.com,
Realty World Lake Tahoe
Source: STAOR,MLS#: 141745
Originating MLS: South Tahoe Association of Realtors

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 11
Heating
- Natural Gas, Wall or Space Heater, Separate Heat/Cool
Appliances
- Included: Central Water Heater, Gas Water Heater
- Laundry: Common Area
Features
- 1st Unit: 1 Bed - 1 Bath, 2nd Unit: 2 Beds - 1 Bath, 3rd Unit: 1 Bed - 1 Bath, 4th Unit: 1 Bed - 1 Bath, 5th Unit: 2 Beds - 1 Bath, 6th Unit: 1 Bed - 1 Bath, 7th Unit: 1 Bed - 1 Bath, 8th Unit: 1 Bed - 1 Bath, 9th Unit: 1 Bed - 1 Bath, 10th Unit: 1 Bed - 1 Bath, 11th Unit: 1 Bed - 1 Bath
- Windows: Other/See Remarks
- Has basement: No
Interior area
- Total structure area: 3,520
- Total interior livable area: 3,520 sqft
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Other/See Remarks
Lot
- Size: 4,791.6 Square Feet
Details
- Parcel number: 027132009000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Slab
- Roof: Pitched,Composition
Condition
- Year built: 1961
Community & HOA
Community
- Subdivision: Bijou Park Addition
Location
- Region: South Lake Tahoe
Financial & listing details
- Price per square foot: $455/sqft
- Tax assessed value: $225,447
- Annual tax amount: $2,577
- Date on market: 6/6/2025
- Date available: 01/01/1800
- Ownership: Fee Simple
- Total actual rent: 127379
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