673 James Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
673 James Ave
5 Unit Apartment Building $1,635,690 CAD ($327,138 CAD/Unit) 4.47% Cap Rate South Lake Tahoe, CA 96150
Investment Highlights
- Seller financing option
- Remodeled Interiors
- Potential to build 2 ADU units on the back portion of the lot
- Opportunity to convert garages into a 6th unit
- Low vacancy market/Market with high barriers to entry.
- Large lot
Executive Summary
Marcus & Millichap is pleased to present 673 James Ave, a fully remodeled five-unit building located 10 minutes from Heavenly Ski Village and Stateline, Nevada in South Lake Tahoe. Originally built in 1965, the property has been extensively upgraded over the past 4 years, combining modern interiors with classic Tahoe charm. The complex includes two 1-bedroom/1-bathroom units, one 2-bedroom/2 bathroom unit, and 2 2-bedroom/2-bath units featuring fireplaces.
Additional income is generated from two parking garages/storage units, adding $2,400/year. The property sits on a .25-acre lot with two standalone buildings and ample parking, offering a turnkey investment in the strong rental market of South Lake Tahoe. Don’t miss this opportunity to own a newly remodeled asset in a prime location.
Additional income is generated from two parking garages/storage units, adding $2,400/year. The property sits on a .25-acre lot with two standalone buildings and ample parking, offering a turnkey investment in the strong rental market of South Lake Tahoe. Don’t miss this opportunity to own a newly remodeled asset in a prime location.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,635,690 CAD | Apartment Style | Low Rise |
| Price Per Unit | $327,138 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 4.47% | Building Size | 4,250 SF |
| Gross Rent Multiplier | 11.83 | Average Occupancy | 95% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment |
| Price | $1,635,690 CAD |
| Price Per Unit | $327,138 CAD |
| Sale Type | Investment |
| Cap Rate | 4.47% |
| Gross Rent Multiplier | 11.83 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,250 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1965 |
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Microwave
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,837 CAD | 725 |
| 2+2 | 3 | $2,644 CAD | 900 - 950 |
1 of 1
PROPERTY TAXES
| Parcel Number | 023-151-023-000 | Total Assessment | $1,951,803 CAD |
| Land Assessment | $585,541 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,366,262 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
023-151-023-000
Land Assessment
$585,541 CAD
Improvements Assessment
$1,366,262 CAD
Total Assessment
$1,951,803 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | HDR |
| HDR |
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
673 James Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.