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Property summary
This exceptional 24-unit hotel in South Lake Tahoe, CA, presents a lucrative investment opportunity. Boasting 6,628 square feet across two stories, the property underwent extensive renovations in 2023, including a new roof, interior finishes, flooring, lighting, bathrooms, entry doors, keyless locks, high-speed internet, and cable service. All furniture and bedding are brand new. The hotel features a manager's unit, an outdoor bar, and a swimming pool. Located on a one-acre lot (APN 023-161-005-000) in the Town Center zone, it benefits from a prime location near popular attractions like Heavenly Mountain Resort and Lake Tahoe. Plans for a restaurant and additional outdoor bar have been submitted to the El Dorado County Health Department. Built in 1958, this fee-simple property offers significant upside potential in a thriving tourist destination. The asking price is $4,250,000 ($641.22/sq ft). This turnkey operation is ready for immediate income generation. The property's recent renovations ensure a high standard of comfort and appeal for guests, maximizing return on investment. Its location in the heart of South Lake Tahoe provides easy access to a wide range of recreational activities and amenities, attracting a steady stream of visitors throughout the year. The Town Center zoning allows for diverse development possibilities, further enhancing the property's long-term value.
Property profile
VerifiedCap rate & NOI
Current use
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Wedding Service
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Hotel & Motel Resort
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
TC · South Lake Tahoe, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for TC in South Lake Tahoe, CA.
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