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    Four-Unit Multifamily with Development Potential
    Updated: May 26
    Four-Unit Multifamily with Development Potential

    1212 Melba Drive, South Lake Tahoe, CA 96150

    $675,000
    2,204 sqft
    Approx. 1‑acre South Lake Tahoe property with four rental units across three structures
    Unit mix includes two 1 bed/1 bath units, one 2 bed/2 bath unit, and a studio apartment above Unit C
    All units are occupied by long‑term month‑to‑month tenants
    City of South Lake Tahoe redevelopment potential: up to 25 units per acre; buyer to verify with the City
    Coverage details provided: current coverage approx. 6,875 SF; base allowable coverage approx. 13,104 SF; banked coverage approx. 16,251 SF; maximum allowable approx. 30,492 SF
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    This listing looks promising.

    Here's a quick look at some key insights for

    1212 Melba Drive, South Lake Tahoe, CA 96150

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    • Est. Cap Rate

      5.4%
      NOI ÷ price

    • Est. NOI

      $37K
      Annual

    • Price @ 7% Cap

      $523K
      Suggested

    • Property Type

      Duplex
      Built 1960
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    Fourplex Townhouse-Style Property
    Updated: Jun 20
    Fourplex Townhouse-Style Property

    4089 Pine Boulevard, South Lake Tahoe, CA 96150

    $2,200,000
    3,808 sqft 0.32 AC lot
    Two townhouse‑style duplexes at 4089 Pine Blvd and 4091 Pine Blvd, totaling 4 units
    Each unit offers 952 SF with 2 bedrooms and 1.5 baths, with identical floor plans
    Each unit includes its own fireplace and a back deck
    Recent updates include exterior repainting in 2021 and a new 40‑year composition roof in 2022
    Upgrades reported for currently vacant units: laminate flooring, carpet, kitchen cabinetry, appliances, and granite counters
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    South Lake Tahoe Multifamily Investment
    South Lake Tahoe Multifamily Investment

    1212 Melba Drive, South Lake Tahoe, CA 96150

    $750,000
    2,204 sqft 1.00 AC lot

    Rare investment opportunity with income and development potential.

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    Based on your search, we've compiled 3 Potential Opportunities for your consideration. Besides 3 Active listings in El Dorado County, CA, we suggest exploring several alternatives:

    El Dorado County, CA Quadplexes Market Trends and Statistics

    Explore 3 quadplexes for sale in El Dorado County, CA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,216 square feet of properties for sale, with an estimated market value of $3,625,000.

    Sale prices for four-unit buildings in El Dorado County, CA start at $675,000, averaging $1,208,333, and reaching up to $2,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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