Building Details

Building Size 1,986 SF

Year Built 1959

Stories 2

Listed By: Jill M. Moffett Show Phone

Source: Evrealestate

Added: Aug 28 Changed: Oct 10 Last Checked: Oct 12 at 6:52PM

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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 Jill M. Moffett

Investment Insights

Based on property information with market context.

This 1,986-square-foot residential property was built in 1959 and is zoned Multi-Family. Interior systems include forced-air heating, natural gas service, and a gas water heater.

Key Highlights

• 1,986 square feet of property area
• Zoned Multi‑Family
• Built in 1959

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,539

Cap Rate

3.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$590,780 $590.8K

Cap Rate 7%

$421,986 $422.0K

Cap Rate 9%

$328,211 $328.2K

Market Conditions

NOI Build-Up for 1,986 SF

Gross rent

$57.2K $28.80/SF

− Vacancy

−$3.5K −$1.76/SF

EGI

$53.7K $27.04/SF

− OpEx

−$24.2K −$12.17/SF

NOI

$29.5K $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%

$590,780

Cap Rate 7%

$421,986

Cap Rate 9%

$328,211

Alternative Uses

Best Use

Apartment 5plus

$422.0K

$369.2K – $492.3K (±1% cap)

NOI $29,539 @ 7.0% cap · market cap 3.13%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$710.0K

$621.3K – $828.4K (±1% cap)

NOI $49,702 @ 7.0% cap · market cap 5.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Auto Repair Shop HVAC Service Furniture & Home Goods Big Box & Wholesale Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

681

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

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - Multi-family zoning and gas-fired building systems support residential use.

Where is this residential income property located?

The property is located at 3814 Paradise Avenue South Lake Tahoe, CA.

What is the asking price?

The asking price for this property is $945,000.

What are key features of this property?

This property features: 1,986 square feet of property area; Zoned Multi‑Family; Built in 1959