Address
3121 Pasadena Avenue, South Lake Tahoe, CA
Price
$ 799,000
Property Attributes
- MLS#ML82043187
- TypeSingle Family
- Listing Status Active
- CountyEl Dorado
- CitySouth Lake Tahoe
- Area Not Defined
- Zip96150
- Style
- Year Built1959
- Taxes$ 11018
- Price$ 799,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2879
- Lot Size0.12 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
South Lake Tahoe multifamily investment opportunity located approximately three blocks from Lake Tahoe in the desirable Al Tahoe area. This 6 unit apartment property consists of approximately 2,879 SF situated on a 5,227 SF lot and offers significant value-add upside for investors, builders, or experienced rehab operators. Property requires heavy renovation and substantial repair work and is priced accordingly. Ideal opportunity for a buyer seeking a major fixer-upper with the potential to reposition, renovate, and maximize long-term income or resale value. Based on estimated market rents and a 6% capitalization rate, the projected stabilized value after renovation may be approximately $1.3 million (pro forma estimate only; buyer to independently verify all assumptions and underwriting). Excellent walkable location near Lake Tahoe beaches, restaurants, shopping, and recreation, with convenient access to Heavenly Ski Resort and Stateline entertainment. Property sold strictly AS-IS. Buyer to independently verify all property information, unit count, permits, condition, financial projections, and redevelopment potential.
| Price History | |
|---|---|
| 4/16/2026 | Listed $850,000 |
| 6/27/2026 | 9$775,000 |
| 7/5/2026 | 3$799,000 |
General Features
| Heating | WallFurnace |
|---|---|
| Cooling | None |
| Roof | Metal |
| Zoning | HDR |
| Year Built | 1959 |
| County | El Dorado |
| Insurance Expense | 2700 |
| Property Type | CommercialSale |
| MaintenanceExpense | 500 |
| Special Listing Conditions | Standard |
| Status | Active |
| City | South Lake Tahoe |
| High School District | Other |
| Number Of Units Total | 6 |
| MLS Area | 699 - Not Defined |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 5227 |
| Tax Annual Amount | 11018 |
| Trash Expense | 3000 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Year Built Source | Assessor |
| PostalCity | SOUTH LAKE TAHOE |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Heating Y/N | true |
| LivingAreaSource | Assessor |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 5227 |
| Number of Buildings | 2 |
| Building Area Total | 2879 |
| Lot Size Acres | 0.12 |
| Lot Size Source | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 96150
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 21, 2026 9:04 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Santa Barbara Association of Realtors. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor
The information being provided by Conejo Simi Moorpark Association of REALTORS ® ("CSMAR") is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange ("IDX") program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or
The MLS™ I-Tech ® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in
Based on information from CRISNet MLS as of September 21, 2026 8:39 PM UTC All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
