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Heidi Langefeld

South Lake Tahoe CA Real Estate & Commercial for Sale

1 Properties Found

The median home value in South Lake Tahoe, CA is $2,250,000. This is higher than the county median home value of $616,000. The national median home value is $308,980. The average price of homes sold in South Lake Tahoe, CA is $2,250,000. Approximately 25% of South Lake Tahoe homes are owned, compared to 35% rented, while 40% are vacant. South Lake Tahoe real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact South Lake Tahoe real estate agent to arrange a tour today!
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Beds:
n/a
Baths:
Sq.Ft.:
2,879
Status:
Active
MLS#:
ML82043187
Type:
Other
Lot size:
0.12 Acres
Year built:
1959
Listing Agent: Moon Choe - Blue Moon Realty Moon Choe
View additional info

South Lake Tahoe multifamily investment opportunity located approximately three blocks from Lake Tahoe in the desirable Al Tahoe area. This 6 unit apartment property consists of approximately 2,879 SF situated on a 5,227 SF lot and offers significant value-add upside for investors, builders, or experienced rehab operators. Property requires heavy renovation and substantial repair work and is priced accordingly. Ideal opportunity for a buyer seeking a major fixer-upper with the potential to reposition, renovate, and maximize long-term income or resale value. Seller financing is available to qualified buyers. Based on estimated market rents and a 6% capitalization rate, the projected stabilized value after renovation may be approximately $1.3 million (pro forma estimate only; buyer to independently verify all assumptions and underwriting). Excellent walkable location near Lake Tahoe beaches, restaurants, shopping, and recreation, with convenient access to Heavenly Ski Resort and Stateline entertainment. Property sold strictly AS-IS. Buyer to independently verify all property information, unit count, permits, condition, financial projections, and redevelopment potential.

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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Based on information from CRISNet MLS as of 7/20/2026 2:11 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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