Residential Income
For Sale
$1,390,000
3685 Tamarack Avenue, South Lake Tahoe, CA 96150
Built in 1965, the property includes natural gas service, a space heater, and a gas water heater.
Property Size5,400 SF
Price / SF$257.41
Days on Market69
Property Features for 3685 Tamarack Avenue
General Information
Standard status
Active
Size
5,400 SF
Total Parking Spaces
8
Property subtype
Residential Income
Amenities
Natural Gas, Space Heater
Gas Water Heater
Building Details
Building Size
5,400 SF
Year Built
1965
Stories
2
Listing Agency:
RE/MAX Realty Today
Listed By:
Kadmiel Alfeld
(530) 721-7726
Source:
Evrealestate
Added: Jul 31
Changed: Oct 1
Last Checked: Oct 5 at 5:00PM
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 RE/MAX Realty Today
Investment Insights
Based on property information with market context.
Located at 3685 Tamarack Avenue in South Lake Tahoe, this residential income property was built in 1965. The property includes natural gas service, a space heater, and a gas water heater.
Access is directed from Ski Run to Tamarack, with the property situated in El Dorado County.
Access is directed from Ski Run to Tamarack, with the property situated in El Dorado County.
Key Highlights
- Built in 1965
- Natural gas service
- Space heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,318
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,360
$1.6M
Cap Rate 7%
$1,147,400
$1.1M
Cap Rate 9%
$892,422
$892.4K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$155.5K $28.80/SF
− Vacancy
−$9.5K −$1.76/SF
EGI
$146.0K $27.04/SF
− OpEx
−$65.7K −$12.17/SF
NOI
$80.3K $14.87/SF
Area
El Dorado County, CA
Vacancy
6.10%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,360
Cap Rate 7%
$1,147,400
Cap Rate 9%
$892,422
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,318 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $135,142 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
421
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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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1965, the property includes natural gas service, a space heater, and a gas water heater.
Where is this residential income property located?
The property is located at 3685 Tamarack Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Built in 1965; Natural gas service; Space heater
