1072 Ski Run BlvdSouth Lake Tahoe, CA 96150

Property Details for 1072 Ski Run Blvd

Year built

1969

Construction

WOOD

Lot size

0.57 AC

Property size (Sq ft)

9,600 SF

Zone code

TC

Property type

Hospitality properties

Property subtype

Hotels

APN

027-123-023-000

APU

27123023000

Description

This exceptional 26-key boutique hotel in South Lake Tahoe, California, presents a compelling investment opportunity. Situated on a 24,829 sq ft lot, the 9,600 sq ft property boasts 12 Single King, 5 Single Queen, 6 Double Queen, and 1 ADA-accessible Single Queen rooms. Recently renovated in 2023, the hotel features 15 rooms with new TVs and flooring, and all upstairs units now have air conditioning. A newly constructed deck complements the upgraded manager's unit, a versatile space potentially rentable as a 3-bedroom, 2.5-bathroom unit or two separate units. The property includes 28 parking spaces and three buildings across two stories, built in 1969. Currently operating with high occupancy rates, especially during peak seasons, the hotel offers a 9% cap rate and a pro-forma cap rate of 11%, with a current NOI of $529,000 and a pro-forma NOI of $652,000. The asking price is $5,790,000. This turnkey operation is listed on major booking platforms and benefits from an experienced staff, ensuring a smooth transition for new ownership. Its prime location, just 0.3 miles from Ski Run Beach & Marina and 1.3 miles from Heavenly Ski Resort, guarantees strong seasonal demand and high occupancy rates. The property's strong financial performance, coupled with its recent upgrades and versatile layout, makes it an attractive investment with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,175,980

  6.5%

  $2,008,597

  7%

  $1,865,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,166,014

  Geo Method

  $5,166,014

• Alternative Use

  Use

  Valuation

  Residential

  $2,192,804

  Hospitality

  $2,008,597

  Educational

  $1,671,129

  Medical

  $1,728,602

  Retail

  $2,599,534

Location Insight

City

South Lake Tahoe

County

El Dorado

State

California

Latitude

38.9461

Longitude

-119.956

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.