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Property profile & analytics
OFF-MARKET
Mobile home & RV parks
1234 Melba Dr South Lake Tahoe, CA 96150-7019
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0192135
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1953
Total area
43,681 SF
Lot
1 ac (43,560 SF)
Zoning code
TC
APN
032-201-009-000
UPID
US09-0192135
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cedar Pines Resort Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Troy A Kelly · 4 yrs held
Troy A Kelly
since 2021
Last sale
$375,000
7 recorded transactions
Zoning & alternative use
TC · South Lake Tahoe, CA
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Lake Tahoe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Lake Tahoe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,007
Tax year 2023
Assessed value
$812,514
Assessed 2023
Previous assessed
$812,514
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$399,622
Assessed improvement
$412,892
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1953
Heating
NONE
Stories
1
Units
16
Total area
43,681 SF
Lot
1 ac (43,560 SF)
Zoning code
TC
APN
032-201-009-000
UPID
US09-0192135
Jurisdiction
EL DORADO
Zoning & alternative use
TC · South Lake Tahoe, CAZoning TC · permitted uses
TC · South Lake Tahoe, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
sltah36.fm
Building & site characteristics
From public records
Year built
1953
Heating
NONE
Stories
1
Units
16
Lot
1 ac
Current owner
From public records · entity-resolved
Troy A Kelly
Individual
Mailing address
1234 MELBA DR, SOUTH LAKE TAHOE, CA 96150-7019
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
—
Troy A Kelly
Troy A Kelly
Intrafamily Transfer
related
$636,000 · Pacific Western National Bank
Mar 12, 2020
—
Troy A Kelly
—
Deed
related
$530,000 · Vincent R & Barbara J Rinehart
May 23, 2019
—
Troy A Kelly
—
Deed
related
$40,000 · Rinehart V & B Joint L/tr (lt)
Jul 24, 2017
—
Troy A Kelly
—
Deed
related
$340,000 · Vincent R Rinehart
Dec 31, 2009
$95,000
Kelly,troy A
Williams,douglas H
Quit Claim Deed
related
$190,000 · Rinehart W & F Family Trust
Dec 15, 2003
$375,000
Troy A Kelly
Finzi,leo & Catherine S
Grant Deed
$200,000 · Anza Capital INC
Oct 2, 2000
$387,500
Leo Finzi
Gregory,modine C
Grant Deed
$290,625 · Us Bank NA Nd
Jun 6, 2000
—
Modine C Gregory
Tuck Trust
Grant Deed
related
—
Oct 4, 1999
—
Tuck Trust
Tuck,norman H
Quit Claim Deed
related
—
Aug 17, 1972
$15,000
Norman H|tuck Effie B Tuck
—
Grant Deed
related
—
Mar 19, 1971
—
—
—
Grant Deed
related
—
—
—
Kelly,troy A
—
Deed Of Trust
related
$210,000 · Alfred & Marie Staron
—
—
Troy A Kelly
—
Deed Of Trust
related
$199,000 · Vincent R Rinehart
—
—
Troy A Kelly
—
Deed Of Trust
related
$530,000 · Vincent R & Barbara J Rinehart
—
—
Troy A Kelly
—
Deed Of Trust
related
$194,149 · Alfred & Marie Staron
—
—
Troy A Kelly
—
Deed Of Trust
related
$134,829 · Vincent R Rinehart
—
—
Troy A Kelly
—
Deed Of Trust
related
$40,000 · Rinehart V & B Joint L/tr (lt)
—
—
Troy A Kelly
—
Deed Of Trust
related
$340,000 · Vincent R Rinehart
—
—
Kelly,troy A
—
Deed Of Trust
related
$90,000 · Vincent R Rinehart
—
—
Troy A Kelly
—
Deed Of Trust
related
$450,000 · Vincent R & Barbara J Rinehart Barbara J
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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