2531 Elwood Avenue

South Lake Tahoe, CA 96150

$2,800,000
Last Sold Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Situated on two parcels and located in the heart of South Lake Tahoe, this trophy asset is minutes away from major attractions, adventure and entertainment. A multifamily property with 10 units; 2 two-bed/one-bath and 8 one bed/one-bath. The current owner has gutted every unit and added high end finishes, dual-pane windows, and installed washer dryers units. The property is priced at $2,999,999 with a current 5.57 percent cap rate. At approximately 25,000 people, South Lake Tahoe is the most populous...Situated on two parcels and located in the heart of South Lake Tahoe, this trophy asset is minutes away from major attractions, adventure and entertainment. A multifamily property with 10 units; 2 two-bed/one-bath and 8 one bed/one-bath. The current owner has gutted every unit and added high end finishes, dual-pane windows, and installed washer dryers units. The property is priced at $2,999,999 with a current 5.57 percent cap rate. At approximately 25,000 people, South Lake Tahoe is the most populous city on Lake Tahoe, and next to Stateline Nevada. The economy is based primarily on tourism, with the Nevada-side Casinos, Heavenly Ski Resort, Lake Tahoe, and countless outdoor activities being the biggest draws. Today, the city is one of the most sought-after locations in South Lake Tahoe.
  1. Listed by Isaak Heitzeberg • DRE #01989468 • Marcus & Millichap Real Estate

Property Details for 2531 Elwood Avenue

Parking Features
Attached, Off Street, Street, Garage, Varies by Unit, Guest Parking Avail
Architectural Style
Bungalow, Cabin, Contemporary, Cottage, Vintage
Zoning
Multi-Family
View Description
Panoramic, City, Forest, Golf Course, Hills, Lake, Woods, Mountains

Location

Listing Courtesy of Marcus & Millichap Real Estate, Isaak Heitzeberg, DRE #01989468

Sold By Non-MLS Office, Non-MLS Member, DRE #NMLSAGNT

Add your commute
LISTING UPDATED: 01/06/2023 12:20 AM

Property Details for 2531 Elwood Avenue

StatusClosed
MLS #222079299
Days on Compass168
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1961
Lot Size0.22 AC / 9,583 SF
CountyEl Dorado County

Location

Listing Courtesy of Marcus & Millichap Real Estate, Isaak Heitzeberg, DRE #01989468

Sold By Non-MLS Office, Non-MLS Member, DRE #NMLSAGNT

Add your commute

Building Information for 2531 Elwood Avenue

Stories2Residences10Year Built1961Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$16,534 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$1,253

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2531 Elwood Avenue

Summary
Location and General Information
  • Area/District: 13301
  • Area Short Display: 13301
  • Cross Street: Sierra Boulevard
  • City: South Lake Tahoe
  • County: El Dorado
  • State: CA
  • Zip Code: 96150
  • Topography: Level
  • Directions to Property: Going East on Hwy 50, turn right on Sierra Blvd, then right onto Elwood Ave. The Subject Property is on your right.
Taxes and HOA Information
  • APN: 031-113-018-000
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
  • Association Fee: $.00
School Information
  • School District (County): El Dorado
  • Elementary School District: Lake Tahoe Unified
  • Middle or Junior School District: Lake Tahoe Unified
  • Senior High School District: Lake Tahoe Unified
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Year Built Source: Other
  • Lot Size Acres: 0.22
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 9583.0
  • Lot Features: Shape Regular, Landscape Back, Landscape Front
Property and Assessments
  • Property Condition: Updated/Remodeled
  • Irrigation: See Remarks
  • Year Built: 1961
  • Picture Count: 16
  • Photos Provided By: Agent
  • Elevation: 0
  • Property Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. <BR> All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. <BR> Copyright</A> &copy; 2023, MetroList Services, Inc. <BR> Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList® MLS & Broker Participants of any MLS with a current reciprocal agreement with MetroList® that provides for such offers of compensation.
  • Census Tract: 303.01
  • Actual or Scheduled: Actual
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: See Remarks
  • Utilities: Internet Available
  • Water Source: See Remarks
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 2
  • Construction Materials: Wood, Wood Siding
  • Foundation: Concrete
  • Stories: 2
  • Window Features: Dual Pane Full
  • Roof: Shingle, Composition
Interior Features
  • Heating: See Remarks
  • Appliances: Free Standing Refrigerator, Gas Cook Top, Microwave, Dishwasher
  • Laundry Features: Washer/Dryer Owned
  • Cooling: See Remarks
  • Flooring: Wood
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • 1 Bedroom Rent Range: $1800-$1900
  • # of 1 Bedroom Units: 8
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • 2 Bedroom Rent Range: $2500-$2600
  • # of 2 Bedroom Units: 2
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # Of Units Total: 10
  • Total # Leasable: 10
  • Num of Units: 10
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Description: 2BD/1BA W/ Attached Garage, Fireplace, Granite Kitchen Countertops, Newly Remodeled in 2021.
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $2,500.00
  • Unit 1 Approx SqFt: 700.0
  • Unit 1 SqFt Source: Owner
  • Unit 1 # of Rooms: 4
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Description: 2BD/1BA W/ Attached Garage, Fireplace, Granite Kitchen Countertops, Newly Remodeled in 2021.
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Identification: 4
  • Unit 2 Rent: $2,500.00
  • Unit 2 Approx SqFt: 700.0
  • Unit 2 SqFt Source: Owner
  • Unit 2 # of Rooms: 0
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 1
  • Unit 3 Description: 1BD/1BA Newly Remodeled in 2021.
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $1,800.00
  • Unit 3 Approx SqFt: 500.0
  • Unit 3 SqFt Source: Owner
  • Unit 3 # of Rooms: 2
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 1
  • Unit 4 Description: 1BD/1BA Newly Remodeled in 2021.
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $1,800.00
  • Unit 4 Approx SqFt: 500.0
  • Unit 4 SqFt Source: Owner
  • Unit 4 # of Rooms: 2
  • Unit 4 Type: Apartment
Income & Expenses
  • Income Includes: Storage
Rental
Rent Information
  • Lease Deposit: 0.0
  • Studio Annual Occupancy: .00%

Property History for 2531 Elwood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2531 Elwood Avenue

Taxable ValueLand$400,000Additions$1,000,000Total$1,400,000
Tax Record2023$15,033 ($1,253 / month)
Home Facts
Baths5Total Finished SqFt2,553 SqFtAbove Grade Finished SqFt2,553 SqFtStories2Lot Size4,791 SqFtStyleQuadraplexYear Built1961Year Renovated1965Zoning0CountyEL DORADOAPN031-113-018-000Fireplace TypeHas Fireplace

Schools near 2531 Elwood Avenue

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
Tahoe Valley Elementary 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 Marcus & Millichap Real Estate, Isaak Heitzeberg, DRE #01989468

Copyright 2024 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. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of 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. The 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. This display of listings may or may not be the entire compilation from these MLS databases, and these MLSes do not guarantee the accuracy of such information. Data last updated 01/06/2023 12:20 AM PDT. MetroList Terms of Use 1. The following are terms of a legal agreement between you, the person viewing and/or using this Internet site (“User”) and the operator ("Provider") of this Internet site ("Site"), By accessing, browsing and/or using this Site, User acknowledges that User has read, understood, and agrees to be bound by these terms and to comply with all applicable laws and regulations, including but not limited to U.S. export and re-export control laws and regulations. If User does not agree to these terms, User is not authorized to use this Site. The material provided on this Site is protected by law, including, but not limited to, United States Copyright law and international treaties. 2. User must be a prospective purchaser or seller of real estate with a bona fide interest in the purchase or sale of such real estate. 3. All real estate data and other informational content provided on this Site (including but not limited to descriptions, images, and other information constituting or relating to real estate listings) is strictly for the personal, private, non-commercial use of User and is not made available for redistribution, retransmission, reformatting, modification or copying. User may not sell or use any of the real estate data on this Site for any purpose other than attempting to evaluate houses or properties for sale or purchase by User. User acknowledges that the real estate data and other informational content on this Site is provided by MetroList Services, Inc., a California corporation (“MetroList”), and User acknowledges the validity of MetroList's copyright as to such data. User expressly acknowledges and agrees that MetroList is a third-party beneficiary of these Terms of Use, and that MetroList will be entitled to enforce these Terms of Use against User. 4. To the fullest extent permitted by law, the data on this Site is provided "as is," without warranty or representation of any kind, either express or implied, as to the nature, quality, characteristics or value of any property or information to which the data pertains. NEITHER PROVIDER NOR METROLIST MAKES ANY WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE DATA DISPLAYED ON THIS SITE, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, OR AS TO THE TIMELINESS, ACCURACY AND/OR COMPLETENESS OF THE DATA. 5. NEITHER PROVIDER NOR METROLIST SHALL BE LIABLE FOR ANY INCIDENTAL, SPECIAL, CONSEQUENTIAL, INDIRECT, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS INFORMATION, LOSS OF DATA, LOST PROFITS, LOSS OF CUSTOMERS OR OTHER PECUNIARY LOSS), ARISING OUT OF THE USE OR INABILITY TO USE THE DATA DISPLAYED ON THIS SITE, WHETHER THE CLAIM OR CAUSE OF ACTION ARISES IN TORT, CONTRACT, NEGLIGENCE, STRICT LIABILITY OR UNDER ANY OTHER LEGAL THEORY. 6. User agrees that the prevailing party or parties in any action brought to enforce or for breach of these Terms of Use shall be entitled to recover, in addition to any other relief, that party’s or those parties’ reasonable attorney’s fees and court costs incurred in such action from the non-prevailing party or parties.