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Apartment Building
For Sale
$2,400,000

2440 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150

COMMERCIAL - South Lake Tahoe, CA

Property SizeContact for details
Lot Size0.36 Acres
Days on Market66

Property Features for 2440 Lake Tahoe Boulevard

General Information

Property type Commercial Sale
Property subtype Other
Window features Vinyl Frames, Double Pane Windows
Exterior features Land Included
Directions Highway 50 to River Dr. Hotel is on the corner.
Subdivision Tahoe-Sierra
Standard status Active
APN 031062001000
Lot size 0.36 Acres

Utilities

Utilities Cable Available
Heating system Space Heater, Natural Gas

Building Details

Year built 1951
Flooring type Tile
Building materials Wood Frame, Wood Siding
Roof type Shingle
Listing Agency: RE/MAX Gold - SLT · RE/MAX International
Listed By: Lloyd Aronoff · License #00498929
Added: Jun 2 Changed: Aug 5 Last Checked: Aug 6 at 1:06AM
MLS# 143016

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.

This apartment building is located mid-city and includes 17 units: 16 studios and one 3-bedroom house. Each room features a mini-kitchen with a sink, small refrigerator, and microwave, and the main house has a full kitchen. The property is heated with space heaters and natural gas, and the interior flooring includes tile.

The site offers 175 feet of frontage on US Highway 50. It is across the street from Trout Creek meadow and a park, providing sunny views of the meadow and mountains. The property also includes cable availability and is constructed with wood frame and wood siding.

In 2020, improvements were completed including new windows, floors, paint, electrical work, and a new roof. The building is presently used as a monthly rental to a service company with a winter-time lease, with potential to be available for summer lease.

Key Highlights

  • 175 feet of US Highway 50 frontage in a mid‑city setting
  • 16 studios plus one 3‑bedroom house
  • Each room includes a mini‑kitchen with sink, small refrigerator, and microwave; main house has a full kitchen

Property Analytics

Current Use

Nickelodeon Motel Hotel & Motel

Suggested Use

Top Pick Pharmacy Accounting Firm Home Appliance Store HVAC Service Garden Center Florist

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

17
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

702
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Mid-city apartment property with 175 feet of US Highway 50 frontage and in-room mini-kitchens, studios plus one 3-bedroom house.
Where is this apartment building located?
The property is located at 2440 Lake Tahoe Boulevard South Lake Tahoe, 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: 175 feet of US Highway 50 frontage in a mid‑city setting; 16 studios plus one 3‑bedroom house; Each room includes a mini‑kitchen with sink, small refrigerator, and microwave; main house has a full kitchen
More about this property
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