Updated Triplex Near
896 Lakeview Avenue Unit C South Lake Tahoe, CA 96150
For Sale
$1,319,950
Well-located triplex with three updated 2-bedroom, 2-bath units and proximity to the Lake Tahoe waterfront.
Property Size2,980 SF
Price / SF$442.94
Days on Market82
Property Features for 896 Lakeview Avenue Unit C
General Information
- Standard status
- Active
- Size
- 2,980 SF
- Property subtype
- Multi-Family / Triplex
Building Details
- Year Built
- 1974
Listing Agency:
Livermore Valley RealEstate
(925) 443-7678
Listed By:
Jay Frost · License #01525315
(925) 443-7678
Source:
Compass
Added: May 3
Changed: Jul 21
Last Checked: Jul 23 at 9:44AM
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 Livermore Valley RealEstate
Investment Insights
Based on property information with market context.
This triplex offers three updated residential units, each featuring 2 bedrooms and 2 bathrooms. The property includes approximately 1,000 square feet per unit, creating a straightforward configuration for consistent rental occupancy.
The asset is located just about 300 feet from the waterfront, providing an easy walk to Lake Tahoe. Public remarks also indicate peek-a-boo views of Lake Tahoe, supporting year-round appeal.
With three separate units under one ownership structure, the property is positioned for an owner-occupant or investor seeking on-site rental income in a walkable setting.
The asset is located just about 300 feet from the waterfront, providing an easy walk to Lake Tahoe. Public remarks also indicate peek-a-boo views of Lake Tahoe, supporting year-round appeal.
With three separate units under one ownership structure, the property is positioned for an owner-occupant or investor seeking on-site rental income in a walkable setting.
Key Highlights
- Triplex with 3 updated units, each offering 2 bedrooms and 2 bathrooms
- Each unit is approximately 1,000 SF
- Laundry is in‑unit; double‑pane windows
Financial Insights For Multifamily LT 5
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 | $75.1k | $25.20 |
| − Vacancy | −$4.3k | −$1.46 |
| EGI | $70.7k | $23.74 |
| − OpEx | −$21.2k | −$7.12 |
| NOI | $49.5k | $16.62 |
2,980 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$707.5K
$619.1K – $825.4K
NOI $49,524 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$633.2K
$554.1K – $738.7K
NOI $44,324 @ 7.0% cap · market cap 3.36%
Theoretical Best
Specialty Retail
$1.07M
$932.2K – $1.24M
NOI $74,578 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-located triplex with three updated 2-bedroom, 2-bath units and proximity to the Lake Tahoe waterfront.
Where is this triplex located?
The property is located at 896 Lakeview Avenue Unit C South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,319,950.
What are key features of this property?
This property features: Triplex with 3 updated units, each offering 2 bedrooms and 2 bathrooms; Each unit is approximately 1,000 SF; Laundry is in‑unit; double‑pane windows
