- For Sale $1,749,950
- Property Type Multi-Family
- Property Size 5,088 SF
- Units 8
- Lot Size 0.23 Acre
- Building Class C
- Year Built 1966
- Date Updated Jul 15, 2026
Description
Positioned just off Ski Run Boulevard, the property offers convenient access to U.S. Highway 50, Lake Tahoe, Heavenly Ski Resort, and the area’s year-round recreation, dining, and shopping destinations. The surrounding neighborhood includes a mix of residential and commercial uses, with nearby employers, outdoor amenities, and everyday services. On-site parking and access to major transportation corridors further enhance the property’s appeal for both tenants and investors.3671 Spruce Avenue, South Lake Tahoe, CA presents an opportunity to acquire an eight-unit multifamily property situated on approximately ±0.23 acres. The property consists of a single building totaling approximately ±5,088 rentable square feet and includes eight one-bedroom, one-bathroom apartment units. Originally constructed in 1966, the property underwent extensive renovations in 2022 and currently generates approximately $13,700 in monthly rental income, equating to approximately $164,400 in annual gross rental income.
Highlights
- Convenient South Lake Tahoe location near Heavenly Ski Resort and Highway 50.
- Eight-unit multifamily property situated on approximately ±0.23 acres.
- Established cash-flowing investment with in-place rental income.
- Renovated multifamily investment opportunity in South Lake Tahoe, CA.
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Contacts
Nima Moridi
Capital Rivers Commercial
Location
Located at 3671 Spruce Avenue, South Lake Tahoe, CA 96150, this property is part of the Bijou neighborhood and Sacramento market.
Contact Listing Broker
Nima Moridi
Capital Rivers Commercial