1150 Melba Drive

South Lake Tahoe, CA 96150

$980,000
Last Sold Price
6
Beds
2,461 Sq. Ft.
$398 / Sq. Ft.
2,461
Sq. Ft.
$398
per Sq. Ft.

Description

Prime 1 acre mixed-use property. Conveniently located near intersection of Highways 50 and 89, shopping, restaurants, hospital, beaches, trail heads. Five detached units (4 residential, 1 commercial building with large storage yard). The buildings consist of 2,913 ground floor sf with plenty of on site parking and storage. The TRPA has verified 29,226 sf of Class 7 coverage, with potential for additional 1266 sf. Located in Town Center Gateway, Tahoe Valley Area Plan, this is an ideal investment...Prime 1 acre mixed-use property. Conveniently located near intersection of Highways 50 and 89, shopping, restaurants, hospital, beaches, trail heads. Five detached units (4 residential, 1 commercial building with large storage yard). The buildings consist of 2,913 ground floor sf with plenty of on site parking and storage. The TRPA has verified 29,226 sf of Class 7 coverage, with potential for additional 1266 sf. Located in Town Center Gateway, Tahoe Valley Area Plan, this is an ideal investment with development potential. A sample of allowable uses include: Multi Family Residential up to 25 units/acre, General Retail, Heath Care Services, Professional Offices, Repair Services, Secondary Storage, Small Scale Manufacturing, Warehousing.https://player.vimeo.com/video/446950916Buyer to cooperate in a 1031 exchange at no cost to buyerNote: The preceding information has been provided to best of my knowledge. Interested parties shall independently verify all information.
  1. Listed by Nicole Zaborsky • DRE #02043717 • Brokerage DRE #01524980 • Ascent Property Group

Property Details for 1150 Melba Drive

Area
Y Area
Subdivision
W D Barton Tr
# Garage/Carport
0
# Parking Spaces
0

Location

Listing Courtesy of Ascent Property Group, Nicole Zaborsky, DRE #02043717

Sold By Lake Valley Properties, Mark R Lucksinger, DRE #00515959

Add your commute
LISTING UPDATED: 12/01/2021 03:18 PM

Property Details for 1150 Melba Drive

StatusSold
MLS #132847
Days on Compass487
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apt Build 5-12 Units
Year Built1940
Lot Size1.00 AC / 43,681 SF
CountyEl Dorado County

Location

Listing Courtesy of Ascent Property Group, Nicole Zaborsky, DRE #02043717

Sold By Lake Valley Properties, Mark R Lucksinger, DRE #00515959

Add your commute

Virtual Tour

Building Information for 1150 Melba Drive

Stories-Residences5Year Built1940Building Size-Lot Size1.00 AC / 43,681 SF

Payment Calculator

$6,245 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,348

Property Taxes

$897

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1150 Melba Drive

Summary
Location and General Information
  • Directions: Across from Tahoe Valley Campground
  • FIPS Code: 17
  • Road Agreements: No
  • Cross Street Address: C St
Taxes and HOA Information
  • Association: South Tahoe Association of Realtors
Virtual Tour
Owner
  • Type of Ownership: Fee Simple
Property
Lot Information
  • Acres: 1.0028
  • Age: 0
  • Lot Measurement: SqFt
  • Lot Size Source: (Plans)
  • Three Quarter Bathrooms: 0
  • Zoning: Other/See Remarks
  • Zoning Source: Agent
Property and Assessments
  • APN: 032191010000
  • Documents on File: Owners Opr Statement, Survey, Rental/Leases
  • Foundation: Wood
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Possession: Close Of Escrow
  • Lease Type: Net
  • Limited Service: No
  • Miscellaneous: Tenant Pays Utlities
  • Square Footage Source: Tax Data
  • TRPA Land Cap Study: Yes
  • Year Built Source: Assessor
Utilities
  • Utilities: City Water, City Sewer, Cable TV, Telephone
  • Water Fee: $.00
  • Water Heater: Other/See Remarks
Interior and Exterior Features
Exterior Features
  • Construction: Wood Frame, Wood Siding
  • Exterior Features: Storage Shed
  • Roof: Pitched, Composition
Interior Features
  • Heating/Cooling: Other/See Remarks
  • Laundry: Other/See Remarks
  • Windows: Other/See Remarks
Multi Family
Multi-Family Information
  • Annual Operating Exp: $16,071.61
  • Effective Rental Inc: $.00
  • Gross Income Source: Property Manager
Unit 1
  • 1st Unit Beds/Baths: Other/See Remarks
Unit 2
  • 2nd Unit Beds/Baths: Studio with 1 Bath
Unit 3
  • 3rd Unit Beds/Baths: 2 Beds - 1 Bath
Unit 4
  • 4th Unit Beds/Baths: 1 Bed - 1 Bath
Unit 5
  • 5th Unit Beds/Baths: 2 Beds - 1 Bath
Rental
Rental Information
  • Rnt Schedule on File: Yes

Property History for 1150 Melba Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1150 Melba Drive

Taxable ValueLand$306,000Additions$693,600Total$999,600
Tax Record2023$10,768 ($897 / month)
Home Facts
Baths4Total Finished SqFt2,461 SqFtAbove Grade Finished SqFt2,461 SqFtStories2Lot Size43,560 SqFtStyleQuadraplexYear Built1940Year Renovated1950ZoningGCCountyEL DORADOAPN032-191-010-000

Schools near 1150 Melba Drive

This home is within Lake Tahoe Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bijou Community School
PublicK to 5

South Tahoe Middle School
Public6 to 8

South Tahoe High School
Public9 to 12

Mt. Tallac High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ascent Property Group, Nicole Zaborsky, DRE #02043717

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.