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    South Lake Tahoe Multifamily Investment Title is generated by Realmo AI

    2493 Ponderosa Street, South Lake Tahoe, CA 96150

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    Claim this Listing
    For Sale
    $700,000

    MULTI_FAMILY - South Lake Tahoe, CA

    Property size:
    2,750 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $254/SF
    Added:
    Mar 13, 2026
    Days on Market:
    94
    Last Refresh:
    Jun 14 at 8:06 am

    Property Features for 2493 Ponderosa Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    10
    Window features
    Single Pane Window(s), Double Pane Windows
    Standard status
    Active
    APN
    031284018000
    Size
    2,750 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Space Heater

    Building Details

    Year built
    1959
    Building materials
    Wood Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Chris Hernandez

    Listing agent Chris Hernandez

    Listing office Compass 2028 Lake Tahoe Blvd., San Francisco, CA

    Listing date Mar 13, 2026

    MLS# 142598 Listing URL

    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.

    HighLights

    • Three‑unit property in South Lake Tahoe: 1 bed/1 bath, 2 bed/1 bath, and 3 bed/2 bath
    • Wood frame construction with composition roof; built in 1959
    • Front and back are fenced, with decks in both the front and back
    • Large on‑site parking area
    • Smaller units are on the lower level, while the 3‑bedroom unit covers the entire upper level
    • Neighboring lot at 2491 Ponderosa Street is also listed for sale

    Overview

    Located in South Lake Tahoe, this multifamily property presents an investment opportunity. The property features three units: one unit with one bedroom and one bathroom, one unit with two bedrooms and one bathroom, and one unit with three bedrooms and two bathrooms. The property has been owned by the same family since its establishment and has a rental history. The smaller units are situated on the lower level, while the three-bedroom unit occupies the entire upper level. The property includes fencing in the front and back, along with a large parking area and decks in both the front and back. The lot size is 0.18 acres and the property size is 2750 square feet. The neighboring lot at 2491 Ponderosa Street is also for sale. Situated on the bike path, the property is located near the meadow and shores of Lake Tahoe, and is also a short distance from skiing areas, casinos, and other local attractions.

    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 $79.2k $28.80
    − Vacancy −$4.8k −$1.76
    EGI $74.4k $27.04
    − OpEx −$33.5k −$12.17
    NOI $40.9k $14.87
    2,750 SF · lease $28.80/SF/yr · vacancy 6.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $584.3K
    $511.3K – $681.7K (±1% cap)
    NOI $40,903 @ 7.0% cap · market cap 5.84%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $983.2K
    $860.3K – $1.15M (±1% cap)
    NOI $68,822 @ 7.0% cap · market cap 9.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.989448
    Latitude
    38.925307

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property in South Lake Tahoe with rental history.
    Where is this multifamily property located?
    The property is located at 2493 Ponderosa Street South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Three‑unit property in South Lake Tahoe: 1 bed/1 bath, 2 bed/1 bath, and 3 bed/2 bath; Wood frame construction with composition roof; built in 1959; Front and back are fenced, with decks in both the front and back
    (310) 230-5478
    We can help!
    Listing Contact
    Chris Hernandez
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