Keegan Cin | RealtorĀ® | License # DRE 01971604

Property

South Lake Tahoe, CA 96150 3121 Pasadena Avenue

3121 Pasadena Avenue South Lake Tahoe, CA - Image 13121 Pasadena Avenue South Lake Tahoe, CA - Image 23121 Pasadena Avenue South Lake Tahoe, CA - Image 3
Presented By: Moon Choe with Blue Moon Realty;
  • MLS# ML82043187
  • 04/15/2026
  • Request Tour
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  • SQFT • 2,879
  • Year Built • 1959

Home Details

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. Seller financing is available to qualified buyers. 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.
Presented By: Moon Choe with Blue Moon Realty;

Interior Features for 3121 Pasadena Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
LivingAreaSourceAssessor

General for 3121 Pasadena Avenue

Carport Spaces
CitySouth Lake Tahoe
CoolingNone
CountyEl Dorado
HOA Fee$
HeatingWall Furnace
High School DistrictOther
Insurance Expense2700
Lot Size Square Feet5227
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
MaintenanceExpense500
Occupancy TypeTenant
PostalCitySOUTH LAKE TAHOE
Property TypeCommercial Sale
RoofMetal
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Tax Annual Amount11018
Trash Expense3000
Year Built1959
Year Built SourceAssessor
ZoningHDR

Exterior for 3121 Pasadena Avenue

Building Area Total2879
Lot Size Acres0.12
Lot Size Area5227
Lot Size SourceAssessor
Number of Buildings2
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

Middle School N/A
Elementary School Big Hollow Elementary School

Justin Hughey

Price $850,000
MLS#ML82043187
List Date 04/15/2026
Property Type Commercial
Request Tour
Request Info

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