$650,000
$649,950
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1129 Martin AVE South Lake Tahoe, CA 96150
1,253 SqFt
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,253 sqft
Price per Sqft $518
Subdivision Tahoe Sierra 03
MLS Listing ID 226094792
Sold Date 10/15/26
HOA Y/N No
Year Built 1958
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Triplex
Source MLS Metrolist
Property Description
Exceptional opportunity to own a versatile triplex in the heart of South Lake Tahoe. Ideally located just minutes from the lake, Heavenly Mountain Resort, Lake Tahoe Community College, shopping, restaurants, and countless year-round outdoor activities. Currently generating over $4000 per month in gross rental income, 1129 Martin Ave is an excellent option for an investor seeking steady cash flow. The property also offers the potential to combine the front two units into a larger single-family residence while keeping the rear unit as a guest house or income-producing unit (Buyer to verify all possibilities with the city of South Lake Tahoe).
Location
State CA
County El Dorado
Area 13301
Direction Hwy 50 to Omalley. Right on Omalley then right on Martin Avenue.
Rooms
Other Rooms Unit-1 Type: Apartment Occupancy: Tenant Rent: 1400 Unit-2 Type: Apartment Approx SqFt: 400 Bedrooms: 1 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 1325 SqFt Source: Owner Unit-3 Type: Studio Approx SqFt: 400 Bedrooms: 1 Full Baths: 1 Total Rooms: 3 Occupancy: Tenant Rent: 1350 SqFt Source: Owner
Basement None
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Window Features Dual Pane Partial,Window Coverings,Window Screens
Appliance Free Standing Gas Oven, Free Standing Gas Range, Gas Cook Top
Laundry Varies by Unit
Exterior
Exterior Feature Yard Space
Parking Features Open, Street
Utilities Available Electric, Natural Gas Connected
Water Access Desc Public
View Woods
Roof Type Metal
Topography Snow Line Above,Level
Total Parking Spaces 4
Building
Lot Description Shape Regular
Story 1
Foundation Slab
Sewer Sewer in Street, Public Sewer
Water Public
Architectural Style Cabin
Level or Stories One
Schools
Elementary Schools Lake Tahoe Unified
Middle Schools Lake Tahoe Unified
High Schools Lake Tahoe Unified
School District El Dorado
Others
Senior Community No
Tax ID 031-164-011-000
Special Listing Condition Trust
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