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Residential > Multi-family
Active
07/17/2024
List Price
$5,800,000$240/ft²

1160 Bowers Ave
South Lake Tahoe, CA 96150

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  • Malobo BannerMalobo Banner Square
    1160 Bowers Ave, South Lake Tahoe, CA 96150 is a 18 bed, 18 bath, 24,169 ft² multi-family home house built in 1963 on a 1.250 acre lot. This multi-family home is currently listed for $5,800,000, and it was last sold in 2007 for $1,931,000.

    MLS Description

    The listing agent's description. Original Listing

    Exceptional investment opportunity with an attractive CAP rate @ 6.0 and current maintenance items performed! Offered for sale is a 27-unit apartment complex occupying two large parcels: 3590 Tamarack Avenue and 1160 Bowers Avenue. Fully occupied, minus the showing unit, this complex has a steady income history and many upgrades! Rents are current! Each unit has individual gas meters, electric has sub-meters and several units have been completely remodeled with contemporary gray tones, shaker-style cabinetry, quality laminate flooring, granite slab counters, and stainless steel appliances. Increase your CAP rate by renovating the remaining units and increasing rents, respectively. Additional streams of income include optional, independently rented garage spaces and two separate on-site coin laundry facilities. Both of the addresses have their own manicured courtyard with lush lawns and irrigation. Beside each address are Forest Service/Conservancy parcels for added privacy and buffering. The entire complex parking areas have been sealed and meticulously repaired this season and have clearly marked designated parking spaces for each unit. Newer roofs, 2008 & 2022, recent exterior paint, and vinyl windows have already been done for you! Near grocery shopping, recreation, the tourist core, and bus lines, getting around town is a breeze from this location!

    Listing Agents

    The listing agent for 1160 Bowers Ave is Michael Phillips.

    Current Ownership

    Information about the current owner(s).

    Property History

    1160 Bowers Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 1160 Bowers Ave

    School Information

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    Neighborhood

    This property is located in Bijou Park, South Lake Tahoe, CA 96150.

    Market Trends

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    Copyright © 2025 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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