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$ 1,950,000
Est. payment /mo
Active
3715 Blackwood Road South Lake Tahoe, CA 96150
0.63 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Surroundingarea
MLS Listing ID 20260374
Style OTHER
Year Built 1964
Lot Size 0.630 Acres
Acres 0.63
Property Sub-Type Multi Family
Property Description
Leawood Apartments is a 13-unit multifamily investment opportunity located in the heart of South Lake Tahoe, just off Pioneer Trail with convenient access to Highway 50, Heavenly Ski Resort, and the lake. The property features a well-balanced unit mix consisting of one studio, five one-bedroom units, five two-bedroom units, and two three-bedroom units, appealing to a broad range of tenants. The property has benefited from significant recent interior and exterior renovations, with many units featuring updated finishes such as flooring, cabinetry, countertops, and appliances. Exterior improvements include updates to paint, doors, and roofing, contributing to overall curb appeal and reduced near-term capital expenditure. Buyers are encouraged to verify the condition and extent of all improvements. Situated on a 0.63-acre parcel in a desirable in-town residential setting, the property is in close proximity to shopping, dining, schools, and year-round recreational amenities including skiing, hiking, and biking. South Lake Tahoe has historically experienced consistent demand for rental housing, with a limited supply of multifamily properties relative to the number of renters in the area. Leawood Apartments offers investors the opportunity to acquire a centrally located asset with in-place improvements and the potential to further optimize operations and rental income. With its functional unit mix, accessible location, and strong rental fundamentals, the property may be well suited for investors seeking both current income and long-term appreciation.
Location
State CA
County El Dorado
Building
Lot Description STREET
Architectural Style OTHER
New Construction No
Others
Tax ID 027331014000
Special Listing Condition Real Estate Owned
Virtual Tour https://client.lucchesimedia.com/videos/019ce7fb-bda8-7187-9a56-4b4fa36f769c
Listed by Russell R Enyart eXp Realty of California, Inc
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