1097 Sonora Avenue, South Lake Tahoe, CA 96150

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EXPIRED

8 units (5-2 bedrooms, 1-1 bedroom and a studio) including a 3 beds/1 bath 1,300 sq.ft house
The units have many upgrades including flooring, paint, appliances, and plumbing. A newer roof, vinyl windows and exterior paint.The house has been rebuilt to the studs by Yonker Construction. There is a private well that saves $6000/year in city water bills.

Highly desirable convenient location. Walk to Whole Foods, several restaurants and the beach. Near Ski Run bus line to Heavenly.

Rarely any vacancy.

This is a 7% CAP value property. The nearest competitor on the local market is a 6% CAP property. If this property was valued at 6% CAP, the sales price would be $1,611,000.

It's about a $230,000 discount to the market that will provide for additional cash flow or for future repairs and upgrades.

Price:$1,380,000
Address:1097 Sonora Avenue
City:South Lake Tahoe
State:CA
Zip:96150
DOM:92

MLS#:132774
Type:Apartment Building
Status:EXPIRED

Additional Info

Area Information

County:El Dorado
Area:Bijou 1

Lat/Lng:0.0, 0.0
Directions:From Ski Run boulevard towards Heavenly left on Alder. The property is on the corner of Alder and Sonora.

Exterior Details

Stories:

Miscellaneous

Year Built:1953
APN:027134028000

Property Location

Listing courtesy of:
Svetlana Raleigh, Broker
Svetlana Raleigh

All Information Is Deemed Reliable But Is Not Guaranteed Accurate.

This information is provided for consumers' personal, non-commercial use and may not be used for any other purpose.

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