Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3716 Pioneer Trail South Lake Tahoe, CA 96150

    View on Map
    New
    For Sale
    $1,600,000

    MULTI_FAMILY - South Lake Tahoe, CA

    Property size:
    5,716 SF
    Lot size:
    0.26 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 3716 Pioneer Trail

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    8
    Window features
    Double Pane Windows, Single Pane Window(s)
    Patio and Porch features
    Patio
    Exterior features
    Patio/Balcony
    Standard status
    Active
    APN
    028041006000
    Size
    5,716 SF
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Space Heater, Natural Gas

    Building Details

    Year built
    1964
    Building materials
    Wood Frame, Wood Siding
    Roof type
    Flat

    We can help!

    Listing Contact
    Jarred Uppendahl

    Listing agent Jarred Uppendahl

    Listing office Realty World Lake Tahoe 949 Tahoe Keys Blvd., South Lake Tahoe, CA

    Listing date Mar 26, 2026

    MLS# 142631

    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.

    Overview

    South Lake Tahoe Apartment Building

    The Lazy Bear Apartments is a centrally located 6-unit apartment building in South Lake Tahoe. This well-maintained 6-plex offers an investment opportunity with a record of low vacancy. The property is situated minutes from the Heavenly Village and Heavenly Ski Resort, providing access to amenities, dining, and transportation. The building features five 2-bedroom/1-bathroom units and one studio, complemented by four additional storage/parking garages. Unit features include newer appliances, gas stoves, washer/dryer hookups, and an open living concept. The property size is 5716 square feet and the lot size is 0.26 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Restaurant Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.949497
    Latitude
    38.946132

    Nearby Similar for Sale

    • $750,000
      1,396 SF

      South Lake Tahoe Duplex Cabins

      Duplex with rental income and development potential near beaches.
      705 Eloise Avenue, South Lake Tahoe, CA 96150
      View Details
    • $700,000
      2,750 SF

      South Lake Tahoe Multifamily Investment

      Multifamily property in South Lake Tahoe with rental history.
      2493 Ponderosa Street, South Lake Tahoe, CA 96150
      View Details
    • $1,650,000
      4,872 SF

      Highway 50 Frontage Hotel Opportunity

      South Lake Tahoe hotel with redevelopment potential near the airport.
      1313 Emerald Bay Road, South Lake Tahoe, CA 96150
      View Details
    • $1,488,000
      4,220 SF

      Multi-Tenant Commercial Property For Sale

      Commercial property with stable income and development flexibility in South Lake Tahoe.
      2205 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
      View Details
    • $825,000
      1,652 SF

      Lake Tahoe Duplex Near Beach

      Well-maintained duplex one block from Lake Tahoe with rental potential.
      810 Merced Avenue, South Lake Tahoe, CA 96150
      View Details
    • $2,896,000
      5,743 SF

      New Multifamily Near Heavenly Village

      New 5-unit multifamily property in South Lake Tahoe.
      1057 Fern Road, South Lake Tahoe, CA 96150
      View Details
    • $995,000
      2,400 SF

      Turn-Key Multifamily Investment Opportunity

      Seven units near Lake Tahoe and Heavenly Valley ski resort.
      1029 Reno Avenue, South Lake Tahoe, CA 96150
      View Details
    • $3,900,000
      10,836 SF

      South Lake Tahoe Hotel Investment

      33-unit hotel near casinos, shopping, and Heavenly Village.
      3901 Pioneer Trail, South Lake Tahoe, CA 96150
      View Details
    • $2,290,000

      South Lake Tahoe Multifamily Investment

      13-unit multifamily property in South Lake Tahoe, California.
      3715 Blackwood Road, South Lake Tahoe, CA 96150
      View Details
    • $836,000
      2,116 SF

      Updated Duplex Near Heavenly Resort

      Spacious, updated duplex near Heavenly Ski Resort, generating monthly income.
      3695 Primrose Road, South Lake Tahoe, CA 96150
      View Details
    • $1,150,000
      3,176 SF

      South Lake Tahoe Multifamily Property

      Seven-unit multifamily property in South Lake Tahoe near Stateline.
      1036 Moss Rd, South Lake Tahoe, CA 96150
      View Details
    • $950,000
      3,125 SF

      South Lake Tahoe Multifamily Property

      Five-unit multifamily property in a prime South Lake Tahoe location.
      3880 Pioneer Trl, South Lake Tahoe, CA 96150
      View Details

    FAQs

    What type of property is this?
    Apartment building - Centrally located 6-unit apartment building near Heavenly Village.
    Where is this apartment building located?
    The property is located at 3716 Pioneer Trail South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Prime location minutes from Heavenly Village and Heavenly Ski Resort.; Proven record of low vacancy, ensuring reliable income.; Six‑unit apartment building in a desirable South Lake Tahoe location.
    (530) 544-5395
    We can help!
    Listing Contact
    Jarred Uppendahl
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!