Listing Agency: Berkshire Hathaway HomeService a***@bhhsdrysdale.com Show Phone

Listed By: Darin Vicknair Show Phone

Source: Exprealty

Added: May 14 Changed: Oct 3 Last Checked: Oct 5 at 7:01PM

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Investment Insights

Based on property information with market context.

This 1.6-acre mixed-use property includes two 4-bedroom/2-bath, two-story homes, three studio cabins, a 1-bedroom/1-bath loft cabin, and office space. The improvements currently support long-term local housing and generate rental income. Residential/mixed-use zoning may accommodate future concepts such as clustered housing, residential development, mixed-use commercial and residential space, professional offices, hospitality uses, or recreational facilities, subject to buyer investigation and approvals.

The property is located across from Kilner Park and borders West Lake Boulevard and the West Shore bike path. Sunnyside Resort, Hurricane Bay, Ward Creek, Alpine Meadows backside access, and area hiking, biking, skiing, and other outdoor recreation are identified nearby. The site’s existing building mix and land area provide a range of potential configurations for continued housing, redevelopment, or private estate use.

Key Highlights

• 1.6‑acre mixed‑use property on Tahoe’s West Shore
• Includes two 4‑bedroom/2‑bath, two‑story homes
• Three studio cabins plus a 1‑bedroom/1‑bath loft cabin

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$147,383

Cap Rate

6.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,947,660 $2.9M

Cap Rate 7%

$2,105,471 $2.1M

Cap Rate 9%

$1,637,589 $1.6M

Market Conditions

NOI Build-Up for 9,567 SF

Gross rent

$283.6K $29.64/SF

− Vacancy

−$15.6K −$1.63/SF

EGI

$268.0K $28.01/SF

− OpEx

−$120.6K −$12.60/SF

NOI

$147.4K $15.41/SF

Area

Placer County, CA

Vacancy

5.50%

Lease Rate

$29.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,947,660

Cap Rate 7%

$2,105,471

Cap Rate 9%

$1,637,589

Alternative Uses

Best Use

Apartment 5plus

$2.11M

$1.84M – $2.46M (±1% cap)

NOI $147,383 @ 7.0% cap · market cap 6.14%

Second Best

Mixed Use

$2.08M

$1.82M – $2.42M (±1% cap)

NOI $145,299 @ 7.0% cap · market cap 6.05%

Theoretical Best

Office A

$3.70M

$3.24M – $4.32M (±1% cap)

NOI $259,257 @ 7.0% cap · market cap 10.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick HVAC Service Auto Parts Store Building Supply Storage Facility Cafe & Coffee Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

81

Businesses Nearby

Explore this area Business Placement

Demographics for 96145, CA

3,189

Population

4,915

Households

0.6

Avg Household Size

45

Median Age

62%

College-Educated

99%

High-School Grad

17.7 sq mi

ZIP Area

180

Density / Sq Mi

$121,875

Median Household Income

$61,953

Median Earnings

$1,768

Median Rent

$980,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Existing residences, cabins, and office space create a flexible current property configuration.

Where is this mixed-use property located?

The property is located at 2225 W Lake Blvd Tahoe City, CA.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: 1.6‑acre mixed‑use property on Tahoe’s West Shore; Includes two 4‑bedroom/2‑bath, two‑story homes; Three studio cabins plus a 1‑bedroom/1‑bath loft cabin