3546 Spruce Ave | South Lake Tahoe, CA 96150
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3546 Spruce Ave
South Lake Tahoe, CA 96150
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Property Composition: 10-Unit Multi-Unit Building and two (2) Freestanding 2BD/2BA Houses totaling 12 units.
- Lessee is responsible for utilities, management, and maintenance.
- Rental Increases: 6% annually
- Property is master leased to a corporate credit tenant for employee housing.
- Lease Term: 5 years with two (2) one (1) year options
- The property has undergone a comprehensive and recent remodel. All units are in brand new condition and feature updated appliances.
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.53 AC |
| Property Type | Multifamily | Building Size | 9,863 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2025 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Zoning | LDR | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 9,863 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2025 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | LDR |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 3 | - | - |
| 2+2 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 025-261-017-000 | Improvements Assessment | $1,804,053 |
| Land Assessment | $488,155 | Total Assessment | $2,292,208 |
PROPERTY TAXES
Parcel Number
025-261-017-000
Land Assessment
$488,155
Improvements Assessment
$1,804,053
Total Assessment
$2,292,208
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