2-Unit Duplex with Bedroom
3764 Forest Avenue, South Lake Tahoe, CA 96150
For Sale
$425,000
Multi-Family, South Lake Tahoe, CA
Property Size2,160 SF
Lot Size0.11 Acres
Price / SF$196.76
Days on Market9
Property Features for 3764 Forest Avenue
General Information
Property type
Property subtype
Window features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Utilities
Heating system
Building Details
Year built
Building materials
Roof type
Listing Agency:
Compass
(530) 645-2777
Listed By:
Jackie Arthur · License CA #01929323
(310) 230-5478
Added: Nov 6
Changed: Nov 13
Last Checked: Nov 14 at 1:06AM
MLS# 143628
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.
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Investment Insights
Based on property information with market context.
This 2,160-square-foot duplex contains two residences, each configured with two bedrooms and 1.5 bathrooms. Loft areas are incorporated into the bedrooms, and both units have separate utilities, storage, and backyard space. Built in 1969 on a 0.11-acre lot, the property has wood-frame construction, wood siding, a composition roof, and heating by wood and space heater.
The property is in South Lake Tahoe, with Heavenly Ski Resort, shopping, dining, and year-round recreation described as minutes away.
The property is in South Lake Tahoe, with Heavenly Ski Resort, shopping, dining, and year-round recreation described as minutes away.
Key Highlights
- Two units, each with 2 bedrooms and 1.5 bathrooms
- 2,160 square feet on a 0.11‑acre lot
- Bedroom loft areas in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,896
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,920
$717.9K
Cap Rate 7%
$512,800
$512.8K
Cap Rate 9%
$398,844
$398.8K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$54.4K $25.20/SF
− Vacancy
−$3.2K −$1.46/SF
EGI
$51.3K $23.74/SF
− OpEx
−$15.4K −$7.12/SF
NOI
$35.9K $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%
$717,920
Cap Rate 7%
$512,800
Cap Rate 9%
$398,844
Alternative Uses
Best Use
Multifamily LT 5
$512.8K
$448.7K – $598.3K
NOI $35,896 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$459.0K
$401.6K – $535.5K
NOI $32,127 @ 7.0% cap · market cap 7.56%
Theoretical Best
Specialty Retail
$772.2K
$675.7K – $901.0K
NOI $54,057 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
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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
$649,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in South Lake Tahoe, CA
Properties on Market for Duplexes in South Lake Tahoe
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utilities, storage, and access to backyard space.
Where is this duplex located?
The property is located at 3764 Forest Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1.5 bathrooms; 2,160 square feet on a 0.11‑acre lot; Bedroom loft areas in both residences
