12-Unit Apartment
For Sale
Contact for pricing
3546 Spruce Avenue, South Lake Tahoe, CA 96150
Three-building multifamily asset renovated in 2024 and subject to a master lease.
Property SizeContact for details
Days on Market142
Property Features for 3546 Spruce Avenue
General Information
Standard status
Active
Net Rentable
9,863 SF
Property subtype
Multifamily
Units
Unit Mix
4 x 1BR/1BA, 4 x 2BR/1BA, 2 x studio, 1 x 2BR/1BA SFR, 1 x 2BR/2BA SFR
Multifamily Units
12
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1960
Year Renovated
2024
Buildings
3
Tenancy
Single
Listing Agency:
Colliers - Sacramento, California
(916) 830-2584
Listed By:
Trevor Meleski · License #02245229
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 8:20AM
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 Colliers - Sacramento, California
Investment Insights
Based on property information with market context.
This South Lake Tahoe multifamily property comprises three buildings with 9,863 square feet of rentable living space. The configuration includes a 10-unit apartment complex and two houses, with a mix of studios, one-bedroom units, and two-bedroom units. The property was originally built in 1960 and underwent a comprehensive renovation completed in 2024, including replacement of building components from flooring through the roof, along with new electrical hookups and transformers provided by the City of South Lake Tahoe.
Vail Properties, owner of Heavenly resorts, has master leased the property for 5 years with a 2-year extension option. The address is near Heavenly ski resort, Stateline, Lake Tahoe, Whole Foods, Barton hospital, hiking trails, and bike trails, with several destinations accessible by a short drive or walk.
Vail Properties, owner of Heavenly resorts, has master leased the property for 5 years with a 2-year extension option. The address is near Heavenly ski resort, Stateline, Lake Tahoe, Whole Foods, Barton hospital, hiking trails, and bike trails, with several destinations accessible by a short drive or walk.
Key Highlights
- 12‑unit property across 3 buildings: a 10‑unit complex and 2 houses
- 9,863 square feet of rentable living space
- Unit mix includes (4) 1‑bedroom/1‑bathroom units, (4) 2‑bedroom/1‑bathroom units, and (2) studios
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
434
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-building multifamily asset renovated in 2024 and subject to a master lease.
Where is this apartment building located?
The property is located at 3546 Spruce Avenue South Lake Tahoe, CA.
What are key features of this property?
This property features: 12‑unit property across 3 buildings: a 10‑unit complex and 2 houses; 9,863 square feet of rentable living space; Unit mix includes (4) 1‑bedroom/1‑bathroom units, (4) 2‑bedroom/1‑bathroom units, and (2) studios
