South Lake Tahoe Apartment
3716 Pioneer Trail South Lake Tahoe, CA 96150
For Sale
$1,600,000
MULTI_FAMILY - South Lake Tahoe, CA
Property Size5,716 SF
Lot Size0.26 Acres
Price / SF$279.92
Days on Market126
Property Features for 3716 Pioneer Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Window features
Double Pane Windows, Single Pane Window(s)
Patio and Porch features
Patio
Exterior features
Patio/Balcony
Standard status
Active
APN
028041006000
Size
5,716 SF
Lot size
0.26 Acres
Utilities
Heating system
Space Heater, Natural Gas
Building Details
Year built
1964
Building materials
Wood Frame, Wood Siding
Roof type
Flat
Listing Agency:
Realty World Lake Tahoe
(530) 544-5395
Listed By:
Jarred Uppendahl
(530) 544-5395
Added: Mar 26
Changed: Jul 12
Last Checked: Jul 29 at 11:06AM
MLS# 142631
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.
The Lazy Bear Apartments is a centrally located 6-unit apartment building in South Lake Tahoe. This well-maintained 6-plex offers an investment opportunity with a record of low vacancy. The property is situated minutes from the Heavenly Village and Heavenly Ski Resort, providing access to amenities, dining, and transportation. The building features five 2-bedroom/1-bathroom units and one studio, complemented by four additional storage/parking garages. Unit features include newer appliances, gas stoves, washer/dryer hookups, and an open living concept. The property size is 5716 square feet and the lot size is 0.26 acres.
Key Highlights
- 6‑unit apartment building built in 1964 in South Lake Tahoe
- Unit mix: five 2 bed / 1 bath units and one studio
- Tenants have gas stoves and newer appliances in the units
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 | $164.6k | $28.80 |
| − Vacancy | −$10.0k | −$1.76 |
| EGI | $154.6k | $27.04 |
| − OpEx | −$69.6k | −$12.17 |
| NOI | $85.0k | $14.87 |
5,716 SF · lease $28.80/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,018 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $143,050 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Centrally located 6-unit apartment building near Heavenly Village.
Where is this apartment building located?
The property is located at 3716 Pioneer Trail South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6‑unit apartment building built in 1964 in South Lake Tahoe; Unit mix: five 2 bed / 1 bath units and one studio; Tenants have gas stoves and newer appliances in the units
