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South Lake Tahoe Apartment Building

3716 Pioneer Trail South Lake Tahoe, CA 96150

3716 Pioneer Trail, South Lake Tahoe, CA, 96150
$1,600,000
For Sale
Claim this Listing
$1,600,000

MULTI_FAMILY - South Lake Tahoe, CA

Property Size5,716 SF
Lot Size0.26 Acres
Price / SF$279.92
AddedMar 26
Days on Market113
Last RefreshJul 16 at 4:06 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

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 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.


Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 6‑unit apartment building built in 1964 in South Lake Tahoe
  • Unit mix: five 2 bed / 1 bath units and one studio
  • Tenants have gas stoves and newer appliances in the units

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $164.6k $28.80
− Vacancy −$10.0k −$1.76
EGI $154.6k $27.04
− OpEx −$69.6k −$12.17
NOI $85.0k $14.87
5,716 SF · lease $28.80/SF/yr · vacancy 6.10% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M (±1% cap)
NOI $85,018 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M (±1% cap)
NOI $143,050 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Auto Repair Shop Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher Home Appliance Store Pet Grooming Service

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

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: 6‑unit apartment building built in 1964 in South Lake Tahoe; Unit mix: five 2 bed / 1 bath units and one studio; Tenants have gas stoves and newer appliances in the units
Contact an agent
More about this property
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