Paradice Motel | 953 Park Ave
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Paradice Motel 953 Park Ave
14 Room Hotel South Lake Tahoe, CA 96150 $3,777,000 ($269,786/Room)
Executive Summary
RARE Opportunity! SELLER WILL CARRY THE FINANCING!! Prime investment opportunity In South Lake Tahoe. Best location in incredible South Lake Tahoe. Walk to casinos, new event center (coming in September 2023), Edgewood golf course, Heavenly Valley skiing and summer activities, entertainment, multiple restaurants, shopping, movies, beaches on Lake Tahoe. 13 hotel units plus 2 separate living quarters. A savvy buyer could really increase the business.
Financial Summary (Actual - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,777,000 | Building Size | 5,132 SF |
| Price Per Room | $269,786 | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1959/1985 |
| Property Subtype | Hotel | Parking Ratio | 2.34/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.21 AC | Opportunity Zone |
Yes
|
| Price | $3,777,000 |
| Price Per Room | $269,786 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,132 SF |
| No. Rooms | 14 |
| No. Stories | 2 |
| Year Built/Renovated | 1959/1985 |
| Parking Ratio | 2.34/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 14 | $153.00 | - |
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Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 029-064-004-000 | Improvements Assessment | $991,380 (2024) |
| Land Assessment | $290,145 (2024) | Total Assessment | $1,281,525 (2024) |
PROPERTY TAXES
Parcel Number
029-064-004-000
Land Assessment
$290,145 (2024)
Improvements Assessment
$991,380 (2024)
Total Assessment
$1,281,525 (2024)
zoning
| Zoning Code | TC (Located in the center of hotels and commercial properties.) |
| TC (Located in the center of hotels and commercial properties.) |
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Paradice Motel | 953 Park Ave
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