Multifamily

1073 Moss Road South Lake Tahoe

1073 Moss Rd, South Lake Tahoe, CA 96150

Listing Price: $950,000

Cap Rate
5.19%
Number of Units
5
GRM
12.55
Occupancy
97.0%
Price/Unit
$190,000
Price/Gross SF
$284.09
Gross SF
3,344

Investment Overview

1073 Moss Road is a five-unit property located in beautiful South Lake Tahoe, California. Built in 1961, the subject property is situated on a 0.12-acre lot and has a gross building area of 3,344 square feet. The property has a great unit mix consisting of four two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit. Most of the units have been nicely remodeled with plank flooring, new cabinets, updated counters, appliances, and updated bathrooms. Units on the second floor have private balconies, and one unit on the first floor has a private patio (the other unit on the first floor can easily have one added for additional income). Rents are currently below market offering the investor tremendous income and appreciation upside.

The subject property, located two blocks away from the Raley's in Village Shopping Center, Heavenly Village's movie theaters, restaurants and bars, and five blocks away from the state line casinos, is perfectly situated to take advantage of all the South Lake Tahoe area has to offer. The building is also a short walk from tranquil Lakeside Beach, a block from the stunning Tahoe trails of Van Sickle Bi-State Park, and five blocks away from the Heavenly ski resort gondola. The subject property is five blocks away from the world-renowned Edgewood golf course (where they hold the Celebrity Golf Tournament). Known for its scenic beauty and ample recreational opportunities, Lake Tahoe is currently one of the hottest real estate and rental markets on the West Coast due to residents moving out of urban areas to the Tahoe area region.
The significant migr
ation of tech professionals, core location in the heart of South Lake Tahoe, rent growth in the market, current cash flow, potential for additional income, and proximity to recreational opportunities and shopping make 1073 Moss Rd a great opportunity for both the cash-flow and appreciation-minded investor.

Investment Highlights

  • Pandemic Proof Asset in Thriving Rental Market
  • Walking Distance to the Heavenly Gondola, Stateline and Shopping
  • Unit Mix - Four Two-Bedroom/One-Bathroom and One One-Bedroom/One-Bathroom Unit
  • Substantial Income and Appreciation Upside
  • High Cash Flowing Asset
  • South Lake Tahoe Location - High Rent Growth Market

Exclusively Listed By

Multifamily

1073 Moss Road South Lake Tahoe

Listing Price: $950,000

Cap Rate
5.19%
Number of Units
5
GRM
12.55
Occupancy
97.0%
Price/Unit
$190,000
Price/Gross SF
$284.09
Gross SF
3,344

Investment Highlights

  • Pandemic Proof Asset in Thriving Rental Market
  • Walking Distance to the Heavenly Gondola, Stateline and Shopping
  • Unit Mix - Four Two-Bedroom/One-Bathroom and One One-Bedroom/One-Bathroom Unit
  • Substantial Income and Appreciation Upside
  • High Cash Flowing Asset
  • South Lake Tahoe Location - High Rent Growth Market

Investment Overview

1073 Moss Road is a five-unit property located in beautiful South Lake Tahoe, California. Built in 1961, the subject property is situated on a 0.12-acre lot and has a gross building area of 3,344 square feet. The property has a great unit mix consisting of four two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit. Most of the units have been nicely remodeled with plank flooring, new cabinets, updated counters, appliances, and updated bathrooms. Units on the second floor have private balconies, and one unit on the first floor has a private patio (the other unit on the first floor can easily have one added for additional income). Rents are currently below market offering the investor tremendous income and appreciation upside.

The subject property, located two blocks away from the Raley's in Village Shopping Center, Heavenly Village's movie theaters, restaurants and bars, and five blocks away from the state line casinos, is perfectly situated to take advantage of all the South Lake Tahoe area has to offer. The building is also a short walk from tranquil Lakeside Beach, a block from the stunning Tahoe trails of Van Sickle Bi-State Park, and five blocks away from the Heavenly ski resort gondola. The subject property is five blocks away from the world-renowned Edgewood golf course (where they hold the Celebrity Golf Tournament). Known for its scenic beauty and ample recreational opportunities, Lake Tahoe is currently one of the hottest real estate and rental markets on the West Coast due to residents moving out of urban areas to the Tahoe area region.
The significant migr
ation of tech professionals, core location in the heart of South Lake Tahoe, rent growth in the market, current cash flow, potential for additional income, and proximity to recreational opportunities and shopping make 1073 Moss Rd a great opportunity for both the cash-flow and appreciation-minded investor.

Exclusively Listed By

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