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1097 Sonora Avenue South Lake Tahoe CA 96150 | MLS 132774

1097 Sonora Avenue
South Lake Tahoe, CA, 96150
$1,380,000
Beds
Baths
5,041 SqFt
0.23 Acres
8 units (5-2 bedrooms, 1-1 bedroom and a studio) including a 3 beds/1 bath 1,300 sq.ft house
The units have many upgrades including flooring, paint, appliances, and plumbing. A newer roof, vinyl windows and exterior paint.The house has been rebuilt to the studs by Yonker Construction. There is a private well that saves $6000/year in city water bills.
Highly desirable convenient location. Walk to Whole Foods, several restaurants and the beach. Near Ski Run bus line to Heavenly.
Rarely any vacancy.
This is a 7% CAP value property. The nearest competitor on the local market is a 6% CAP property. If this property was valued at 6% CAP, the sales price would be $1,611,000. 
It’s about a $230,000 discount to the market that will provide for additional cash flow or for future repairs and upgrades. 

Property Details

Price:
$1,380,000
MLS #:
132774
Status:
Active
Address:
1097 Sonora Avenue
Type:
Multi Family
City:
South Lake Tahoe
Listed Date:
Aug 12, 2020
State:
CA
Square Ft (approx):
5,041
ZIP:
96150
Lot Size:
10,019 sqft / 0.23 acres (approx)
Year Built:
1953
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