4-Unit Quadplex on Two
For Sale
$1,299,000
1168 Tata Lane, South Lake Tahoe, CA 96150
4-unit quadplex on two separate lots with ample tenant parking and five storage units on site.
Property Size3,216 SF
Price / SF$403.92
Days on Market548
Property Features for 1168 Tata Lane
General Information
Standard status
Active
Size
3,216 SF
Property subtype
Multi Family
Amenities
in-unit washer and dryer
private front courtyard
single car garage
separate fenced side yard with a pergola
storage units
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Chase International - South Lake Tahoe
(530) 306-0973
Listed By:
Deborah L. Sherry · License #01898413
(530) 306-0973
Source:
Exitrealty
Added: Jan 31, 2025
Changed: Jul 31
Last Checked: Aug 2 at 6:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chase International - South Lake Tahoe
Investment Insights
Based on property information with market context.
This 4-unit quadplex is situated on two separate lots and totals 3,216 SF, built in 1960. The first unit is a duplex with a front unit offering two bedrooms and two bathrooms, in-unit washer and dryer, a private front courtyard, and a single-car garage. The front unit was recently updated with new flooring and a new water heater. The duplex rear unit features one bedroom and one bathroom with updated flooring.
The third unit is a two-story one-bedroom, one-bath layout with updated flooring and new gas stove heating. The fourth unit is a spacious one-bedroom, one-bath with a separate fenced side yard and a pergola. The property provides ample parking for all tenants and includes five storage units.
There are three long-term tenants currently interested in staying. The lot next door at 1164 Tata Lane is included in this purchase (property addressed as 1168 Tata Lane).
The third unit is a two-story one-bedroom, one-bath layout with updated flooring and new gas stove heating. The fourth unit is a spacious one-bedroom, one-bath with a separate fenced side yard and a pergola. The property provides ample parking for all tenants and includes five storage units.
There are three long-term tenants currently interested in staying. The lot next door at 1164 Tata Lane is included in this purchase (property addressed as 1168 Tata Lane).
Key Highlights
- 4‑unit quadplex on two separate lots totaling 3,216 SF; adjacent 1164 Tata Lane included
- Front duplex unit has 2 beds, 2 baths, in‑unit washer and dryer, private front courtyard, and single‑car garage
- Recently updated front unit with new flooring and new water heater
Financial Insights For Multifamily LT 5
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 | $81.0k | $25.20 |
| − Vacancy | −$4.7k | −$1.46 |
| EGI | $76.4k | $23.74 |
| − OpEx | −$22.9k | −$7.12 |
| NOI | $53.4k | $16.62 |
3,216 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$763.5K
$668.1K – $890.8K
NOI $53,446 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$683.3K
$597.9K – $797.2K
NOI $47,834 @ 7.0% cap · market cap 3.68%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,485 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 96150, CA
29,518
Population
23,472
Households
1.3
Avg Household Size
40
Median Age
39%
College-Educated
92%
High-School Grad
163.2 sq mi
ZIP Area
181
Density / Sq Mi
$83,738
Median Household Income
$45,582
Median Earnings
$1,497
Median Rent
$649,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - 4-unit quadplex on two separate lots with ample tenant parking and five storage units on site.
Where is this quadplex located?
The property is located at 1168 Tata Lane South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 4‑unit quadplex on two separate lots totaling 3,216 SF; adjacent 1164 Tata Lane included; Front duplex unit has 2 beds, 2 baths, in‑unit washer and dryer, private front courtyard, and single‑car garage; Recently updated front unit with new flooring and new water heater
