Renovated Boutique
New
For Sale
$4,625,000
924 Park Ave, South Lake Tahoe, CA 96150
Guest accommodations feature king beds, fireplaces, and en-suite jacuzzi amenities in most rooms.
Property SizeContact for details
Days on Market3
Property Features for 924 Park Ave
General Information
Standard status
Active
Property subtype
Hotel
Financials
Asking Price
$4,625,000
Cap Rate
8.16%
Amenities
fireplace
jacuzzi
Building Details
Year Renovated
2021
Listing Agency:
NAI Tahoe Sierra
(530) 525-2304
Listed By:
Scott Fair · License #CalDRE #01761504
(530) 525-2304
Source:
Naiglobal
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 4:33AM
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 NAI Tahoe Sierra
Investment Insights
Based on property information with market context.
This boutique hotel at 924 Park Ave comprises 22 guest rooms and one manager’s unit, for 23 units in total. Every guest room includes a king bed and fireplace, while 20 units also offer an en-suite jacuzzi. The property underwent extensive renovation in 2021.
The hotel is situated in South Lake Tahoe’s Tourist Core, near Heavenly Village, beaches, dining, and casinos. Two banked TAUs convey with the property. The manager’s unit may be divided into two units, creating a potential 24-key configuration. The offering can also be combined with the adjacent Heavenly Inn, providing a combined 41-unit operation.
The hotel is situated in South Lake Tahoe’s Tourist Core, near Heavenly Village, beaches, dining, and casinos. Two banked TAUs convey with the property. The manager’s unit may be divided into two units, creating a potential 24-key configuration. The offering can also be combined with the adjacent Heavenly Inn, providing a combined 41-unit operation.
Key Highlights
- 22 guest rooms plus one manager’s unit, totaling 23 units
- 20 units include en‑suite jacuzzi amenities
- Extensively renovated in 2021
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
786
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
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Frequently Asked Questions
What type of property is this?
Hotel - Guest accommodations feature king beds, fireplaces, and en-suite jacuzzi amenities in most rooms.
Where is this hotel located?
The property is located at 924 Park Ave South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $4,625,000.
What are key features of this property?
This property features: 22 guest rooms plus one manager’s unit, totaling 23 units; 20 units include en‑suite jacuzzi amenities; Extensively renovated in 2021
