Address
3121 Pasadena Avenue, South Lake Tahoe, CA
Price
$ 799,000
Property Attributes
- MLS#ML82043187
- TypeSingle Family
- Listing Status Active
- CountyEl Dorado
- CitySouth Lake Tahoe
- Area Not Defined
- Zip96150
- Style
- Year Built1959
- Taxes$ 11018
- Price$ 799,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2879
- Lot Size0.12 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
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. 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.
| Price History | |
|---|---|
| 4/16/2026 | Listed $850,000 |
| 6/27/2026 | 9$775,000 |
| 7/5/2026 | 3$799,000 |
General Features
| Heating | WallFurnace |
|---|---|
| Cooling | None |
| Roof | Metal |
| Zoning | HDR |
| Year Built | 1959 |
| County | El Dorado |
| Insurance Expense | 2700 |
| Property Type | CommercialSale |
| MaintenanceExpense | 500 |
| Special Listing Conditions | Standard |
| Status | Active |
| City | South Lake Tahoe |
| High School District | Other |
| Number Of Units Total | 6 |
| MLS Area | 699 - Not Defined |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 5227 |
| Tax Annual Amount | 11018 |
| Trash Expense | 3000 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Year Built Source | Assessor |
| PostalCity | SOUTH LAKE TAHOE |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Heating Y/N | true |
| LivingAreaSource | Assessor |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 5227 |
| Number of Buildings | 2 |
| Building Area Total | 2879 |
| Lot Size Acres | 0.12 |
| Lot Size Source | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 96150
Price
Taxes
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 20, 2026 4:50 PM UTC This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
