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17-Unit Apartment Building
For Sale
$2,300,000

2440 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150

Comm/Ind/BusOpp, South Lake Tahoe, CA

Property SizeContact for details
Lot Size0.36 Acres
Days on Market83

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 Natural Gas, Space Heater

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 22 Last Checked: Aug 23 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 17-unit apartment property includes 16 studio units and one three-bedroom house on a 0.361-acre parcel. Each studio has a mini-kitchen equipped with a sink, small refrigerator, and microwave; the house includes a full kitchen. The improvements date to 1951 and received work in 2020, including windows, flooring, paint, electrical systems, and roofing. Construction is wood frame with wood siding, tile flooring, natural-gas and space-heater systems, and a shingle roof.

Located at 2440 Lake Tahoe Boulevard, the property has 175 feet of frontage along Highway 50 and sits across from Trout Creek meadow and park. The current arrangement is monthly rental to a service company under a winter lease, with potential summer lease availability stated for the property.

Key Highlights

  • 17 units: 16 studios and one 3‑bedroom house
  • 175 feet of Highway 50 frontage
  • 0.361‑acre parcel across from Trout Creek meadow and park

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

749
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Individual accommodations include mini-kitchens, while the main house provides a full kitchen and three-bedroom layout.
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 $2,300,000.
What are key features of this property?
This property features: 17 units: 16 studios and one 3‑bedroom house; 175 feet of Highway 50 frontage; 0.361‑acre parcel across from Trout Creek meadow and park
More about this property
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