3546 Spruce AVE new Save Request In-Person Tour Request Virtual Tour
South Lake Tahoe,CA 96150
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225087587
HOA Y/N No
Year Built 1960
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Colliers Is pleased to present 3546 Spruce Ave. A revitalized 12-unit apartment property located in the world-renowned South Lake Tahoe region. This is a great opportunity to own an investment property and be partnered with Vail Properties, the owner of Heavenly resorts. Vail has master leased this apartment building for 5 years with a 2-year option to extend. The subject property has 9,863 square feet of rentable living space with a total of 3 Buildings, which is comprised of a 10-unit complex and two houses. This property was built in 1960 and renovated in 2023 by an 11-month foundation to roof renovation project. From flooring to roof everything except the foundational lumber has been removed and replaced. Renovations also include new electrical hook-ups and new transformers from the City of South Lake Tahoe. The apartment building consists of (4) 1-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom Units and (2) Studios. Two houses consist of a 2-bedroom/1-bathroom Single Family Residence & a 2-bedroom/2-bathroom SFR. Having a master lease provides an opportunity for the next owner not to be tasked with paying for maintenance, utilities or even snow plowing!
Location
State CA
County El Dorado
Area 13301
Direction Corner of Blackwood Road and Spruce Avenue in South Lake Tahoe CA.
Interior
Heating Central,Varies by Unit
Cooling Central,Varies by Unit
Flooring Laminate,Varies by Unit
Laundry Washer/Dryer Owned
Exterior
Parking Features Off Street
Utilities Available Natural Gas Connected,Electric
Water Access Desc Meter on Site,Other
Building
Lot Description Other
Story 2
Foundation Concrete, Other
Sewer Public Sewer,Other
Water Meter on Site,Other
Schools
Elementary Schools Lake Tahoe Unified
Middle Schools Lake Tahoe Unified
High Schools Lake Tahoe Unified
School District El Dorado
Others
Senior Community No
Tax ID 025-261-017
Special Listing Condition None