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For sale
  • $1,600,000

    3754 Forest Ave, South Lake Tahoe, CA 96150

    13beds
    11baths
    3,520sqft
    : 
    Multi Family
    Built in 1961
    -- sqft lot
    $-- Zestimate®
    $455/sqft
    $-- HOA

    What's special

    Shared courtyardPrivate deck
    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.
    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#: 141745MLS LogoOriginating MLS: South Tahoe Association of Realtors
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    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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