$ 2,450,000
520/540 Village Road Tahoe City, CA 96145
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,450,000
Est. payment /mo
Active
520/540 Village Road Tahoe City, CA 96145
5,926 SqFt
UPDATED:
09/13/2024 11:14 PM
Key Details
Property Type Multi-Family
Sub Type 4+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,926 sqft
Price per Sqft $413
MLS Listing ID 20241871
Year Built 1964
Lot Size 0.660 Acres
Acres 0.66
Property Description
Excellent investment opportunity featuring two adjacent multi-family properties, each on its own APN. Each property includes a triplex composed of two 3-bed, 1.5-bath units, one 1-bed, 1-bath unit, and a detached 3-bay garage with three additional built-in storage units. The total offering includes six rental units, six garage bays and six storage units. Located on a 0.66-acre lot in the prestigious Highlands neighborhood of Tahoe City, one of the most sought-after areas in North Lake Tahoe. Only 2.5 miles to Tahoe City, 1.2 to Skylandia Beach, blocks away from the Tahoe City Nordic Center's all-season trails, and blocks away from the North Tahoe Middle and High Schools. There is great versatility and opportunity with the garage units. Two detached garage buildings. Each building is approximately 840 sq. ft. and consists of three bays and three storage units. The built in storage units are approximately 7'x7', located in the back of the building. Each tenant is offered a storage unit as a rental feature. Currently five of the garage bays are used by the owner. The new owner can continue to keep these as personal use or rent them out as additional income. Rental garage and storage space is a premium in Tahoe City. Very rarely is this kind of space available. A package that would be perfect for a local business owner who can secure storage space, employee housing and a revenue generating investment. This is an intelligently designed development. All side-by-side apartments with their own private outdoor and deck area. No upper and lower units. Each apartment has a spacious floor plan with great natural light and ample sized bedrooms. Washer and dryer hookups in five of the units. All units are separately metered. Generous open space and common ground between the buildings and garages. Lots of additional parking. Many updates and capital improvements throughout. Owner has kept up on annual maintenance. Overall this combination of quality units, premier location, additional storage and garages make these extremely desirable rentals in a market with limited housing.
Location
State CA
County Placer
Community North Laketahoe
Area Highland Green-3Nr
Interior
Heating Natural Gas
Exterior
Garage Paved Surface
View Wooded
Roof Type Composition
Topography Level
Building
Lot Description STREET
Story 2
Sewer Utility District
Water Utility District
Listed by Michael A Marrone • Wells and Bennett