3121 Pasadena Ave | Image 1
New
3121 Pasadena Ave | Image 2
3121 Pasadena Ave | Image 3
3121 Pasadena Ave | Image 4

$850,000

For Sale

4 days ago

3121 Pasadena Ave, South Lake Tahoe, CA

House

MLS® ML82043187

0 Bed

0 Bath

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0

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $11,018
Days Active 4
Lot Size 
Approx. Age 1959
MLS® Number ML82043187

Property Address: 3121 Pasadena Ave, South Lake Tahoe, CA, 96150-7982

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberML82043187
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1959
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 16, 2026List Date
$850,000List Price
  • Commute

Commute

Starting Address
Destination Address
3121 Pasadena Ave, South Lake Tahoe, CA

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