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Property profile & analytics
FOR SALE
Hotels
4130 Manzanita Ave, South Lake Tahoe, CA 96150
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-2835862
For Sale
1 / 58
$2,015,000
4130 Manzanita Ave, South Lake Tahoe, CA 96150
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1966
Construction
WOOD
Total area
22,794 SF
Lot
1.03 ac (44,866 SF)
Zoning code
TC
APN
029-051-020-000
UPID
US10-2835862
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
-
Ambassador Lake Tahoe Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
Shahriar Massihpour · 2 yrs held
Shahriar Massihpour
since 2024
7 recorded transactions
Zoning & alternative use
TC · South Lake Tahoe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,320,000
6.5%
$2,145,000
7%
$1,990,000
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
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
$34,336
Tax year 2023
Assessed value
$1,782,630
Assessed 2023
Previous assessed
$1,782,630
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$651,928
Assessed improvement
$1,130,702
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1966
Construction
WOOD
Heating
NONE
Units
58
Bathrooms
58
Total area
22,794 SF
Lot
1.03 ac (44,866 SF)
Zoning code
TC
APN
029-051-020-000
UPID
US10-2835862
Jurisdiction
EL DORADO
Zoning & alternative use
TC · South Lake Tahoe, CA
Zoning 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
South Lake Tahoe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
NONE
Units
58
Bathrooms
58
Lot
1.03 ac
Current owner
From public records · entity-resolved
Shahriar Massihpour
Individual
Mailing address
297 POLHEMUS AVE, ATHERTON, CA 94027-5456
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Shahriar Massihpour
Shahriar Massihpour
Intrafamily Transfer
related
$1,610,000 · Stearns Bank NA
May 31, 2023
—
Shahriar Massihpour
—
Deed
related
$350,000 · Rubicon Mortgage Fund LLC
Nov 13, 2020
—
Doriba Trust
—
Deed
related
$900,000 · Other Institutional Lenders
May 16, 2012
—
Doriba Trust
P & A Ruggeri INC
Quit Claim Deed
$525,000 · P & A Ruggeri INC
Sep 11, 1998
—
P & A & Ruggeri INC
Ruggeri Santini & Roccucci INC
Quit Claim Deed
related
$150,000 · First National Bank Of Norther
—
—
P & A Ruggeri INC
—
Loan Modification
related
$250,000 · First Nat'l Bk/nthrn Ca
—
—
Doriba Trust
—
Deed Of Trust
related
$900,000 · Other Institutional Lenders
—
—
P & A Ruggeri INC
—
Deed Of Trust
related
$300,000 · First National Bank N Ca
—
—
P & A Ruggeri INC
—
Loan Modification
related
$200,000 · First Nat'l Bk/nthrn Ca
—
—
Doriba Trust
—
Loan Modification
related
$900,000 · Other Institutional Lenders
Dec 27, 1966
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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