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3715 Blackwood Road, South Lake Tahoe, CA 96150

South Lake Tahoe
Local realty services provided by:CENTURY 21 Masters
3715 Blackwood Road,South Lake Tahoe, CA 96150
$1,790,000
  • - Beds
  • - Baths
  • 8,154 sq. ft.
  • Multi-family
  • Active
Listed by: russell r enyart
Office: exp realty of california, inc
MLS#:226100516
Source:CABAREIS

Price summary

  • Price:$1,790,000
  • Price per sq. ft.:$219.52

About this home

VALUE-ADD INVESTORS & CONTRACTORS: Leawood Apartments is a rare 13-unit multifamily opportunity in the heart of South Lake Tahoe with a clear, defined path to significantly higher income. Currently 8 of 13 units are rented, producing gross scheduled income of approximately $12,941/month at 62% occupancy. Stabilized pro forma income is projected at approximately $21,500/month at 92% occupancy - a potential increase of over $100,000 in annual gross income once the property reaches full operation. The path to stabilization is straightforward: the City requires 1 significant upgrade to the main building plus 3 moderate repairs/upgrades to allow full occupancy. A complete list of City-required items is available upon request. The heavy lifting inside is largely done - nearly all unit interiors have been updated with modern finishes and will be rent-ready once City requirements are satisfied, allowing a new owner to focus capital on the defined exterior/building scope rather than...

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Home facts

  • Year built:1964
  • Listing ID #:226100516
  • Updated:August 13, 2026 at 03:07 PM

Rooms and interior

  • Flooring:Varies by Unit
  • Living area:8,154 sq. ft.

Heating and cooling

  • Cooling:Varies by Unit
  • Heating:Varies by Unit

Structure and exterior

  • Year built:1964
  • Building area:8,154 sq. ft.
  • Lot area:0.63 Acres
  • Lot Features:Landscape Front
  • Foundation Description:Raised

Schools

  • Elementary school:Lake Tahoe Unified

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,790,000
  • Price per sq. ft.:$219.52

Features and amenities

  • Laundry features:In Common Area

Parking

  • Total parking spaces:12
  • Parking description:Varies by Unit
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