3715 Blackwood Rd South Lake Tahoe, CA 96150

Enyart Real Estate Group is pleased to present the exclusive offering of Leawood Apartments, a 13-unit multifamily community located at 3715 Blackwood Rd in South Lake Tahoe, California. This value-add opportunity offers investors immediate upside through lease-up of five vacant units, rent mark-to-market, and capital improvements — all within one of California's most supply-constrained resort markets. Leawood Apartments is a 13-unit garden-style multifamily property situated on a landscaped parcel at the base of the Sierra Nevada mountains in South Lake Tahoe, California. The property presents as two primary residential buildings with a surface parking area, common courtyard, and on-site laundry. The community carries the distinctive "Leawood" branding, reflecting its established presence in the local rental market. South Lake Tahoe is a premier year-round resort destination on the California-Nevada border. The local rental market is characterized by extremely low vacancy, high seasonal demand, and a chronic shortage of workforce housing. Major employers including Heavenly Mountain Resort, Lake Tahoe casinos, and the hospitality sector drive consistent demand for multi-family housing at all price points. The property's location on Blackwood Rd provides direct access to US-50, dining, services, and is minutes from the Heavenly gondola base and the lake.