pending

3546 Spruce Avenue, South Lake Tahoe, CA 96150

3546 Spruce Avenue, South Lake Tahoe, El Dorado, CA, 96150
2 months ago
Views: 15

$2,750,000(Negotiable)

Overview

3464902

Type

5 or More Units

Parking

Build Year

1960

Purpose

For Sale

About This Listing

Colliers Is pleased to present 3546 Spruce Ave. A revitalized 12-unit apartment property located in the world-renowned South Lake Tahoe region. This is a great opportunity to own an investment property and be partnered with Vail Properties, the owner of Heavenly resorts. Vail has master leased this apartment building for 5 years with a 2-year option to extend. The subject property has 9,863 square feet of rentable living space with a total of 3 Buildings, which is comprised of a 10-unit complex and two houses. This property was built in 1960 and renovated in 2023 by an 11-month foundation to roof renovation project. From flooring to roof everything except the foundational lumber has been removed and replaced. Renovations also include new electrical hook-ups and new transformers from the City of South Lake Tahoe. The apartment building consists of (4) 1-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom Units and (2) Studios. Two houses consist of a 2-bedroom/1-bathroom Single Family Residence & a 2-bedroom/2-bathroom SFR. Having a master lease provides an opportunity for the next owner not to be tasked with paying for maintenance, utilities or even snow plowing!

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MetroList CA data Last Updated: September 12, 2025, 4:45 pm

Data Source: SACM