South Lake Tahoe Multifamily
1212 Melba Drive, South Lake Tahoe, CA 96150
New
MULTI_FAMILY - South Lake Tahoe, CA
Property size:
2,204 SFLot size:
1.00 AcrePrice / SF:
$340/SF- Added:
- May 26, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 1 at 11:06 pm
Property Features for 1212 Melba Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Parking
- 8
- Window features
- Vinyl Frames, Wood Frames
- Exterior features
- Storage Shed
- Fireplace
- 1
- Standard status
- Active
- APN
- 032201017000
- Size
- 2,204 SF
- Lot size
- 1.00 Acre
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Fireplace(s)
Building Details
- Year built
- 1960
- Building materials
- Wood Frame
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent Jason Lococo
Listing office Dickson Realty CA
Listing date May 26, 2026
MLS# 142951
Listing URL
Copyright © 2026 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Large lot size: Approximately one acre in a highly desirable South Lake Tahoe location.
- High‑density redevelopment potential: Up to 25 units per acre possible, offering significant development upside.
- Prime location: Minutes from Camp Richardson, Lake Tahoe beaches, bike trails, shopping, dining, and year‑round recreation.
- Existing income‑producing property: Four rental units provide immediate cash flow with month‑to‑month tenants.
- Significant land coverage options: Potential to purchase additional coverage up to 70% site coverage, plus existing banked coverage.
- Desirable Amenities: Includes fireplaces, metal roof, and storage shed.
Overview
This South Lake Tahoe property presents an investment and development opportunity on approximately one acre. The site is located near Camp Richardson, Lake Tahoe beaches, bike trails, shopping, dining, and year-round recreation. The existing income-producing property consists of four rental units across three separate structures. These include two 1-bedroom, 1-bath residences, one 2-bedroom, 2-bath residence, and a studio apartment above Unit C. All units are occupied by long-term month-to-month tenants. According to the City of South Lake Tahoe, the site offers redevelopment possibilities with the potential for up to 25 units per acre. Additional land coverage may be purchased, allowing up to 70% site coverage. Current coverage is approximately 6,875 square feet with a base allowable coverage of 13,104 square feet. The property also includes approximately 16,251 square feet of banked coverage that may be utilized onsite for future development or potentially sold separately. Maximum allowable coverage is approximately 30,492 square feet. The property is located near Camp Richardson Marina, Emerald Bay, Fallen Leaf Lake, and Heavenly Ski Resort. The property size is 2204 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- South Lake Tahoe
- County
- El Dorado
- State
- California
- Longitude
- -119.999187
- Latitude
- 38.907014
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Investment property with income and development potential near Lake Tahoe.
Where is this multifamily property located?
The property is located at 1212 Melba Drive South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Large lot size: Approximately one acre in a highly desirable South Lake Tahoe location.; High‑density redevelopment potential: Up to 25 units per acre possible, offering significant development upside.; Prime location: Minutes from Camp Richardson, Lake Tahoe beaches, bike trails, shopping, dining, and year‑round recreation.
