Sold for $900,000 on 12/06/23
$900,000
3771 Ruby Way, South Lake Tahoe, CA 96150
7beds
4baths
3,328sqft
Quadruplex
Built in 1963
-- sqft lot
$924,900 Zestimate®
$270/sqft
$2,693 Estimated rent
Home value
$924,900
$851,000 - $1.01M
$2,693/mo
Zestimate® history
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What's special
Welcome to this truly unique 4 Unit property located in the heart of South Lake Tahoe.This one-of-a-kind investment opportunity offers four spacious units encompassing a generous 3,328 square feet of gross living areas. Situated adjacent to the pristine California Conservancy, this property enjoys a serene and picturesque setting. Convenience is key with this centrally located property, just a mere mile away from the renowned Heavenly Ski Resort. Imagine the ease of access to world-class skiing and snowboarding, right at your doorstep. Additionally, this prime location offers the added advantage of being within walking distance to an array of top-rated restaurants, shopping centers, and thrilling casinos, ensuring endless entertainment options for residents and visitors alike. Each unit within this remarkable property has been meticulously designed with comfort and functionality in mind. All units are separately metered, ensuring hassle-free utility management for both the landlord and tenants. The property boasts dual-pane vinyl windows, promoting energy efficiency and maintaining a comfortable interior climate throughout the year. For added convenience, a shared laundry room is available on-site, catering to the needs of all residents. Each unit also comes with designated parking, ensuring that parking is never a concern for tenants.The three units feature two bedrooms and one bath, offering ample space for a variety of buyers. Additionally, one unit stands out as a spacious one-bedroom, one-bathroom unit, providing a versatile living arrangement that appeals to a wider range of tenants. This 4-unit gem presents an exceptional opportunity for investors seeking a potentially lucrative addition to their portfolio. With its unbeatable location and desirable unit configurations, this property is destined to attract high-quality tenants. Don't miss out on this extraordinary investment opportunity in South Lake Tahoe.
Zillow last checked: 8 hours ago
Listing updated: December 06, 2023 at 10:28am
Listed by:
Gregory S Ochoa 775-339-1919 gregory@mountainlux.com,
Mountain Luxury Properties
Bought with:
Gregory S Ochoa, 01725318
Mountain Luxury Properties
Source: STAOR,MLS#: 137081
Originating MLS: South Tahoe Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Natural Gas, Wall or Space Heater
Appliances
- Included: Sep. Water Heater, Gas Water Heater
- Laundry: Common Area
Features
- High Speed Internet, 1st Unit: 2 Beds - 1 Bath, 2nd Unit: 2 Beds - 1 Bath, 3rd Unit: 2 Beds - 1 Bath, 4th Unit: 1 Bed - 1 Bath
- Windows: Double Pane Windows, Vinyl Frame
- Basement: Concrete/Crawl Space
Interior area
- Total structure area: 3,328
- Total interior livable area: 3,328 sqft
Property
Parking
- Total spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,098 sqft
Details
- Parcel number: 028121019000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Frame, Wood Siding
- Roof: Pitched,Tar/Gravel
Condition
- Year built: 1963
Utilities & green energy
- Sewer: City Sewer
- Water: City Water
- Utilities for property: Natural Gas Available, Cable Connected, High Speed Internet, Phone Connected
Community & neighborhood
Location
- Region: South Lake Tahoe
- Subdivision: Heavenly View Terrace
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Available date: 01/01/1800
- Listing terms: Cash to New Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2025 | Listing removed | $2,150$1/sqft |
Source: Zillow Rentals | ||
| 7/8/2025 | Listed for rent | $2,150+95.5%$1/sqft |
Source: Zillow Rentals | ||
| 12/6/2023 | Sold | $900,000-14.3%$270/sqft |
Source: | ||
| 10/28/2023 | Pending sale | $1,050,000$316/sqft |
Source: | ||
| 8/29/2023 | Price change | $1,050,000-12.4%$316/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,220 +5.4% | $918,000 +2% |
| 2024 | $9,693 +365.2% | $900,000 +398.8% |
| 2023 | $2,084 +0.9% | $180,439 +2% |
Find assessor info on the county website
Neighborhood: 96150
Nearby schools
GreatSchools rating
- 7/10Sierra House Elementary SchoolGrades: K-5Distance: 2.7 mi
- 5/10South Tahoe Middle SchoolGrades: 6-8Distance: 1.5 mi
- 7/10South Tahoe High SchoolGrades: 9-12Distance: 4.3 mi

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