1072 Ski Run Blvd South Lake Tahoe, CA 96150-8508
Property profile & analytics
1072 Ski Run Blvd South Lake Tahoe, CA 96150-8508
- Hotels
- 9,600 SF
- 0.57 lot acres
Property ID
US09-1152524
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Alder Inn / Hotel & Motel
Property Details for 1072 Ski Run Blvd
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.57 lot acres
- Property size
- 9,600 SF
- Zone code
- TC
- Property type
- Hotels
- Property subtype
- Motels
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,755,000
- ML approach
- $4,105,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,342,000
Market price range: $1.77M - $4.34M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $3,065,000 Current use
- RESTAURANT
- $2,625,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Lake Tahoe
- County
- El Dorado
- State
- California
- Longitude
- -119.956
- Latitude
- 38.9461
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,825
$473,030
$2,577,262
$3,050,292
-
$0.00
$0.00
$0.00
