Tahoe Sunnyside Cabins

Tahoe Sunnyside Cabins

Available

Tahoe City, CA 96145

$2,600,000 Marketing Sheet

The Tahoe Sunnyside Cabins are an exclusive thirteen (13) unit apartment complex with extensive recent renovations located just a couple hundred feet from the sparkling blue waters of Lake Tahoe, California.

Originally contructed by local Starchitect Bert Anderson for the 1960 Winter Olympics at Squaw Valley, The Tahoe Sunnyside Cabins are an exhibit of Scandanavian detail in Pecky Cedar. The property consists of four (4) duplexes and one (1) five-unit buildng, totaling 7,588 square feet of livable space and situated on a 28,314 square foot lot. Extensively upgraded over the past five years, this property is a clear example of a “Pride of Ownership” investment opportunity.

The apartment interiors consist of eleven (11) one-bedroom/one-bath units ranging from 500-650 square feet, one (1) studio unit of 400 square feet, and one (1) one-bedroom/one-and-a-half-bath “Owner’s Unit” with exquisite high-end finishes. Since the COVID-19 pandemic hit the United States, most all companies have had to adapt by allowing their employees to work remotely. Locally, we have seen a substantial increase in both rental and buyer demand as a result of many Bay Area/Sacramento/Reno based employees looking to continue working remotely from Lake Tahoe for the forseeable future.

Cap Rate: 4.17% NOI: $108,520 Livable Sq. Ft: 7,588

Built in 2000/1958 13 units Lot Sq. Ft: 28,314

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