CA
El Dorado
SOUTH LAKE TAHOE
96150
3121 Pasadena Avenue
3121 Pasadena Avenue, SOUTH LAKE TAHOE, CA 96150
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Listing Type
Multi Family
Listing Status
Active Under Contract
4
$850,000

Home Details for 3121 Pasadena Avenue

Price
$850,000
Type
Residential Income
Square feet
2879
Year built
1959
County
El Dorado
Days on site
48
MLS Listing#
ML82043187
Listed By: Blue Moon Realty - 408-359-7070
Listed By: Moon Choe
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. Seller financing is available to qualified buyers. 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.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Wall Furnace
  • Water Features
    • Public
  • Parking
    • Assigned
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Based on information from the MLSListings MLS. 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. Copyright 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-05-27 10:20:47
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
408 778 9990
Agent
408 202 3243
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