Remodeled Duplex with
For Sale
$999,000
3808 Larch Avenue, South Lake Tahoe, CA 96150
Two-unit residential property with flexible occupancy and outdoor parking near transit and regional recreation.
Property Size2,300 SF
Price / SF$434.35
Days on Market543
Property Features for 3808 Larch Avenue
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi Family
Building Details
Year Built
1974
Tenancy
Multi
Listing Agency:
Compass
(530) 318-7637
Listed By:
Mark A. Salmon · License #01485376
(530) 318-7637
Source:
Exitrealty
Added: Feb 6, 2025
Changed: Jul 31
Last Checked: Aug 3 at 3:08AM
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 Compass
Investment Insights
Based on property information with market context.
This two-unit residential property offers 2,300 square feet of living area in a 1974-built duplex. Each unit includes its own one-car garage, while a large parking area provides space for multiple additional vehicles. One unit is leased month-to-month, and the other is vacant and recently remodeled with new paint, flooring, and a high-efficiency furnace.
The property adjoins a conservancy-owned parcel and receives all-day sunshine. It is adjacent to Pioneer Trail, with access to transit, Heavenly Ski Resort, the casino corridor, and the lake.
The property adjoins a conservancy-owned parcel and receives all-day sunshine. It is adjacent to Pioneer Trail, with access to transit, Heavenly Ski Resort, the casino corridor, and the lake.
Key Highlights
- 2,300‑square‑foot duplex built in 1974
- Each unit includes its own one‑car garage
- Large parking area for multiple extra vehicles
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 | $58.0k | $25.20 |
| − Vacancy | −$3.4k | −$1.46 |
| EGI | $54.6k | $23.74 |
| − OpEx | −$16.4k | −$7.12 |
| NOI | $38.2k | $16.62 |
2,300 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.0K
$477.8K – $637.1K
NOI $38,223 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$488.7K
$427.6K – $570.2K
NOI $34,210 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$822.3K
$719.5K – $959.3K
NOI $57,560 @ 7.0% cap · market cap 5.76%
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
486
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?
Duplex - Two-unit residential property with flexible occupancy and outdoor parking near transit and regional recreation.
Where is this duplex located?
The property is located at 3808 Larch Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,300‑square‑foot duplex built in 1974; Each unit includes its own one‑car garage; Large parking area for multiple extra vehicles
