Lake Tahoe Mixed-Use Income
2218 Lake Tahoe Boulevard South Lake Tahoe, CA 96150
2218 Lake Tahoe Boulevard, South Lake Tahoe, CA, 96150
$1,500,000
For Sale
$1,500,000
Mixed-use property with three retail/commercial spaces, two residential units, and four RV spaces.
Property Size4,980 SF
Lot Size0.50 Acres
Price / SF$301.20
Days on Market55
Property Features for 2218 Lake Tahoe Boulevard
General Information
- Standard status
- Active
- Size
- 4,980 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1955
Listing agency
Blue Moon Realty
(408) 359-7070
Listed by
Moon Choe · License #01217391
(408) 359-7070
Source
Exitrealty
Added: May 28 Updated: Jul 20 at 9:14PM Checked: Jul 21 at 5:03AM
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 Blue Moon Realty
Investment Insights
Based on property information with market context.
This mixed-use income property includes three retail/commercial spaces, two residential 2-bedroom/1-bath units, and four RV spaces. Improvements are reflected in public/property records at approximately 4,980 square feet.
The property is located on Lake Tahoe Boulevard in South Lake Tahoe and is described as having visibility along a high-traffic corridor. The public remarks reference multiple addresses, including 2218 & 2214 Lake Tahoe and 1008 2nd Street.
The offering is presented as diversified across multiple revenue streams. The buyer is advised to verify unit count, square footage, permits, zoning, RV space legality, and allowable uses with the City/County.
The property is located on Lake Tahoe Boulevard in South Lake Tahoe and is described as having visibility along a high-traffic corridor. The public remarks reference multiple addresses, including 2218 & 2214 Lake Tahoe and 1008 2nd Street.
The offering is presented as diversified across multiple revenue streams. The buyer is advised to verify unit count, square footage, permits, zoning, RV space legality, and allowable uses with the City/County.
Key Highlights
- Mixed‑use property with three retail/commercial spaces and two residential 2 bed / 1 bath units
- Includes four RV spaces for additional revenue streams (buyer to verify legality and allowable uses with the City/County)
- Approximately 0.50 acres with approximately 4,980 SF of improvements per available records
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 | $143.4k | $28.80 |
| − Vacancy | −$8.7k | −$1.76 |
| EGI | $134.7k | $27.04 |
| − OpEx | −$60.6k | −$12.17 |
| NOI | $74.1k | $14.87 |
4,980 SF · lease $28.80/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$925.9K – $1.23M
NOI $74,071 @ 7.0% cap · market cap 4.94%
Second Best
Retail
$1.01M
$885.7K – $1.18M
NOI $70,855 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,631 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Allied Heating Inc
HVAC Service
Foot & Body Massage
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with three retail/commercial spaces, two residential units, and four RV spaces.
Where is this mixed-use property located?
The property is located at 2218 Lake Tahoe Boulevard South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Mixed‑use property with three retail/commercial spaces and two residential 2 bed / 1 bath units; Includes four RV spaces for additional revenue streams (buyer to verify legality and allowable uses with the City/County); Approximately 0.50 acres with approximately 4,980 SF of improvements per available records
