2531 Elwood Avenue
2531 Elwood Avenue
$2,800,000
6
4
—
—
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Closed 12/22/22
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.
- 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 StyleBungalow, Cabin, Contemporary, Cottage, Vintage
ZoningMulti-Family
View DescriptionPanoramic, City, Forest, Golf Course, Hills, Lake, Woods, Mountains
Location
LISTING UPDATED: 01/06/2023 12:20 AM
Property Details for 2531 Elwood Avenue
Status | Closed |
---|---|
MLS # | 222079299 |
Days on Compass | 168 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1961 |
Lot Size | 0.22 AC / 9,583 SF |
County | El Dorado County |
Location
Building Information for 2531 Elwood Avenue
Stories2Residences10Year Built1961Building Size-Lot Size0.22 AC / 9,583 SF
Payment Calculator
$16,534 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2531 Elwood Avenue
Property History for 2531 Elwood Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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