920 Alameda Ave, South Lake Tahoe, CA for sale

Investment Overview

NAI Tahoe Sierra is pleased to announce the listing of 920 Alameda Ave, a 15-unit SRO multifamily property located in the Al Tahoe neighborhood of South Lake Tahoe. The +/- 5,844 square foot building, originally constructed in 1957 as a hotel, is currently operated as long-term SRO rentals. An investor can continue operation as an SRO or convert the property to short-term rentals, including a return to its original hotel use. The asset offers stable in-place income within an established residential neighborhood.

Investment Highlights

• 15-unit SRO multifamily property in Al Tahoe
• +/- 5,844 SF building originally constructed in 1957 as a hotel
• Currently operated as long-term SRO rentals
• Flexible use: continue SRO or convert to short-term rentals/hotel
• Stable in-place income in an established South Lake Tahoe neighborhood