Renovated
For Sale
$980,000
2568 Palmira Avenue, South Lake Tahoe, CA 96150
Three separate residences offer a mix of two- and three-bedroom layouts.
Property Size2,460 SF
Days on Market39
Property Features for 2568 Palmira Avenue
General Information
Standard status
Active
Size
2,460 SF
Total Parking Spaces
6
Property subtype
Residential Income
Units
Unit Mix
3BR/2BA on the bottom, 2BR/1BA in the rear, 1BR/1BA in the rear 2nd floor
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
Lake, Street Lights, Suburban, Sidewalks
Driveway, Paved
Building Details
Building Size
2,460 SF
Year Built
1955
Buildings
1
Stories
2
Listing Agency:
M G R REAL ESTATE
Listed By:
ALEX GONZALEZ
(310) 365-9450
Source:
Evrealestate
Added: Sep 29
Changed: Nov 4
Last Checked: Nov 4 at 12:37PM
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 M G R REAL ESTATE
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Investment Insights
Based on property information with market context.
This triplex in South Lake Tahoe contains three residences: a 3-bedroom, 2-bath unit on the ground level, a rear 2-bedroom, 1-bath unit, and a rear second-floor 1-bedroom, 1-bath unit. The buildings and exterior were renovated within the past 4 years.
The property is near Sierra Boulevard and Highway 50. Short-term rentals are not permitted under city code. Any other rental use is subject to applicable city regulations.
The property is near Sierra Boulevard and Highway 50. Short-term rentals are not permitted under city code. Any other rental use is subject to applicable city regulations.
Key Highlights
- Three‑unit configuration: 3/2, 2/1, and 1/1
- Renovations to the units and exterior completed within the past 4 years
- Near Sierra Boulevard and Highway 50
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,882
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,640
$817.6K
Cap Rate 7%
$584,029
$584.0K
Cap Rate 9%
$454,244
$454.2K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$62.0K $25.20/SF
− Vacancy
−$3.6K −$1.46/SF
EGI
$58.4K $23.74/SF
− OpEx
−$17.5K −$7.12/SF
NOI
$40.9K $16.62/SF
Area
El Dorado County, CA
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,640
Cap Rate 7%
$584,029
Cap Rate 9%
$454,244
Alternative Uses
Best Use
Multifamily LT 5
$584.0K
$511.0K – $681.4K
NOI $40,882 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$522.7K
$457.4K – $609.8K
NOI $36,589 @ 7.0% cap · market cap 3.73%
Theoretical Best
Specialty Retail
$879.5K
$769.6K – $1.03M
NOI $61,565 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer a mix of two- and three-bedroom layouts.
Where is this triplex located?
The property is located at 2568 Palmira Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Three‑unit configuration: 3/2, 2/1, and 1/1; Renovations to the units and exterior completed within the past 4 years; Near Sierra Boulevard and Highway 50
