Five-Unit Apartment
For Sale
$950,000
3880 Pioneer Trl, South Lake Tahoe, CA 96150
MULTI_FAMILY - South Lake Tahoe, CA
Property Size3,125 SF
Lot Size0.12 Acres
Price / SF$304
Days on Market260
Property Features for 3880 Pioneer Trl
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Window Coverings
Exterior features
Back Yard, Front Yard
Lot features
Back Yard, Front Yard
Subdivision
Listing
Standard status
Active
APN
029371011000
Size
3,125 SF
Lot size
0.12 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1971
Number of units
5
Flooring type
Linoleum, Tile, Carpet - Partial
Building materials
Stucco, Wood
Roof type
Flat
Listing Agency:
Keller Williams Tri-Valley · Keller Williams Realty
(925) 397-4200
Listed By:
Daniel Gamache
(925) 918-0332
Added: Nov 18, 2025
Changed: Aug 2
Last Checked: Aug 5 at 11:06PM
MLS# 41117721
Copyright © 2026 Bay East. 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.
This five-unit apartment building offers a compact multifamily layout on a 0.12-acre lot. The property is 3,125 square feet and was built in 1971. Exterior features include a front yard and a back yard. Interior finishes include linoleum, tile, and partial carpet coverage.
The building’s construction materials include stucco and wood, with natural gas providing heating. The roof is flat.
The combination of a long-standing building year, natural gas heat, and practical indoor flooring variety may appeal to buyers seeking a straightforward small multifamily asset.
The building’s construction materials include stucco and wood, with natural gas providing heating. The roof is flat.
The combination of a long-standing building year, natural gas heat, and practical indoor flooring variety may appeal to buyers seeking a straightforward small multifamily asset.
Key Highlights
- Five‑unit apartment building on a 0.12‑acre lot
- 3,125 square feet total building area
- Built in 1971
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 | $90.0k | $28.80 |
| − Vacancy | −$5.5k | −$1.76 |
| EGI | $84.5k | $27.04 |
| − OpEx | −$38.0k | −$12.17 |
| NOI | $46.5k | $14.87 |
3,125 SF · lease $28.80/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$664.0K
$581.0K – $774.7K
NOI $46,481 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.12M
$977.6K – $1.30M
NOI $78,207 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
27
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily building with natural gas heating, a flat roof, and front and back yard space.
Where is this apartment building located?
The property is located at 3880 Pioneer Trl South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five‑unit apartment building on a 0.12‑acre lot; 3,125 square feet total building area; Built in 1971
