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Property profile & analytics
OFF-MARKET
Hotels
953 Park Ave, South Lake Tahoe, CA 96150-6939
Entity Owned
~
Est. High Equity
Property ID
US09-2049275
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1959
Construction
WOOD
Total area
5,132 SF
Lot
0.21 ac (9,147 SF)
Zoning code
TC
APN
029-064-004-000
UPID
US09-2049275
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
-
Paradice Motel - South Lake Tahoe Hotel & Motel
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
953 Park LLC
953 Park LLC
since 2025
Last sale
$1.9M
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
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
$13,623
Tax year 2023
Assessed value
$1,255,448
Assessed 2023
Previous assessed
$1,255,448
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$284,456
Assessed improvement
$970,992
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
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Stories
2
Units
15
Bathrooms
15
Total area
5,132 SF
Lot
0.21 ac (9,147 SF)
Zoning code
TC
APN
029-064-004-000
UPID
US09-2049275
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
1959
Construction
WOOD
Heating
NONE
Stories
2
Units
15
Bathrooms
15
Lot
0.21 ac
Current owner
From public records · entity-resolved
953 Park LLC
Entity
Mailing address
953 PARK AVE, SOUTH LAKE TAHOE, CA 96150-6939
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
$1,900,000
953 Park LLC
Paradise Rich LLC
Grant Deed
—
Jan 21, 2025
—
Paradise Rich LLC
Wu Hunt Yongmei
Grant Deed
$750,000 · Alistar Capital Group INC
May 30, 2018
$630,000
First General Bk
Paradice Motel
Grant Deed
related
$630,000 · First General Bk
May 30, 2018
—
Wu Hunt Yongmei
Ruoxin Wu
Intrafamily Transfer
related
$630,000 · First General Bank
Jan 29, 2016
$1,095,000
Yongmei W Hunt
Guest Room LLC
Grant Deed
$775,000 · Private Individual
Jan 29, 2016
—
Yong M W Hunt
Hunt,david B W
Quit Claim Deed
related
—
Feb 14, 2006
$710,000
Guest Room LLC
Patel,vinod & Nalini
Grant Deed
$310,000 · Vinod & Nalini Patel
Apr 7, 2004
—
Vinod Patel
Paradice Motel
Grant Deed
related
—
Jun 2, 1995
$256,500
Motel Paradise
Tillous,gratien & Jeanne
Grant Deed
related
$165,988 · Individual
Jan 23, 1981
$114,000
—
—
Grant Deed
related
—
—
—
Gratien Tillous
—
Deed Of Trust
related
$430,000 · Individual
—
—
Gratien Tillous
—
Deed Of Trust
related
$32,000 · Sanwa Bank California
—
—
Guest Room LLC
—
Deed Of Trust
related
$1,000,000 · Note Co INC
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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