3546 Spruce Avenue, South Lake Tahoe, CA 96150
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
3546 Spruce Avenue,South Lake Tahoe, CA 96150
$2,750,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:matthew sarro
Office:collier's international ca, inc.
MLS#:225087587
Source:MFMLS
Price summary
- Price:$2,750,000
About this home
Colliers Is pleased to present 3546 Spruce Ave. A revitalized 12-unit apartment property located in the world-renowned South Lake Tahoe region. This is a great opportunity to own an investment property and be partnered with Vail Properties, the owner of Heavenly resorts. Vail has master leased this apartment building for 5 years with a 2-year option to extend. The subject property has 9,863 square feet of rentable living space with a total of 3 Buildings, which is comprised of a 10-unit complex and two houses. This property was built in 1960 and renovated in 2023 by an 11-month foundation to roof renovation project. From flooring to roof everything except the foundational lumber has been removed and replaced. Renovations also include new electrical hook-ups and new transformers from the City of South Lake Tahoe. The apartment building consists of (4) 1-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom Units and (2) Studios. Two houses consist of a 2-bedroom/1-bathroom Single Family Residence & a 2-bedroom/2-bathroom SFR. Having a master lease provides an opportunity for the next owner not to be tasked with paying for maintenance, utilities or even snow plowing!
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Home facts
- Year built:1960
- Listing ID #:225087587
- Added:74 day(s) ago
- Updated:September 28, 2025 at 07:17 AM
Heating and cooling
- Cooling:Central, Varies by Unit
- Heating:Central, Varies by Unit
Structure and exterior
- Year built:1960
- Lot area:0.53 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,750,000
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