Centrally Located Multi-Family Investment – 11 Units on 2 Parcels, Plus 1 vacant Parcel.Value-Add Potential Investor alert! This maintained and compliant 11-unit multi-family complex features 2 two-bedroom/one-bath units and 9 one-bedroom/one-bath units, each with a private deck and access to a shared courtyard ideal for tenant enjoyment and retention.Located on two legal parcels, the sale also includes a third adjacent parcel, offering significant upside. Additional income is generated through on-site coin-operated laundry facilities. Whether you choose to sell the third parcel, hold for future development, or expand the existing complex, the options are yours.Situated in a prime central location near major bus lines, shopping, and the casinos, this property offers strong rental demand, accessibility and room for growth. Don’t miss this rare opportunity to acquire a flexible, income-producing asset in a high-demand area.
Property Details
Price:
$1,600,000
MLS #:
141745
Status:
Active
Baths:
0
Address:
3754 Forest Avenue
Type:
Multi Family
Subtype:
Apt Build 5-12 Units
Neighborhood:
bijou1
City:
South Lake Tahoe
Listed Date:
Jun 6, 2025
State:
CA
Finished Sq Ft:
3,520
ZIP:
96150
Lot Size:
4,792 sqft / 0.11 acres (approx)
Year Built:
1961
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- Address3754 Forest Avenue South Lake Tahoe CA
- AreaBijou 1
- CitySouth Lake Tahoe
- CountyEl Dorado
- Zip Code96150
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3754 Forest Avenue
South Lake Tahoe, CA
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