Contacts
Matt Sarro
Aaron Frederick
Ahmed Kamil
Alex Farhang
Property Details
- Property Type Other
- Lot Size 0.95 SF
- Year Built 1955
- Year Renovated 2017
- Date Updated Apr 11, 2024
Colliers is pleased to present 1133 Bonanza Avenue, a rare opportunity to purchase a meticulously maintained and remodeled 8-unit apartment complex in the world-renowned town of South Lake Tahoe. The is an ideal opportunity for work force housing as the Casino’s and Heavenly resorts are a key driver for employment in town. This unique investment sits on one large parcel totaling .95 Acres. The subject property comes with all studio units that have been completely remodeled throughout. Remodel includes exposed beam ceilings, new cabinets and countertops, new flooring throughout, new bathroom vanities and shower/tub surrounds. Many of the heaters and hot water heaters have been either replaced or updated. Dual pane windows were replaced throughout the entire property and sewer line was replaced in 2017-2018 as well.
The subject property consists of one building that was constructed in 1955 and completely renovated in 2017. The subject property was constructed with half t1-11 siding and half brick masonry. Amenities include about an acre of common area and ample parking. Tenants are responsible for electricity within their unit, while the owner pays water, sewer, gas, and garbage. The new owner can implement a Ratio Utility Billing System (RUBS) to bill a portion of these charges to the residents which is becoming more common in California. These charges are around $25-$75 per unit in addition to the residents’ standard monthly rental payment depending on the amount of people in each un
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Getting around
-
47/100
Walk Score ®
-
56/100
Bike Score ®
Location
- City South Lake Tahoe, CA
- Neighborhood Y Area
- Zip Code 96150
- Market Sacramento
Points of Interest
-
Raley's aisle 1
0.27 miles
-
Swiss Mart Food and Gas
0.53 miles
-
Chevron
0.91 miles
-
U.S. Gasoline
1.28 miles
-
Shell
1.43 miles
-
American Gasoline
1.96 miles
-
Safeway Fuel Station
3.15 miles
-
Shell
3.61 miles
-
Chevron South Tahoe
3.66 miles
-
Chevron
3.70 miles
-
Lakeview Commons Public Parking
2.82 miles
-
Employee Parking
3.02 miles
-
High Meadows Trailhead parking lot
3.09 miles
-
Tallac Site Parking
3.17 miles
-
Tallac Trailhead Parking
3.61 miles
-
Glen Alpine Trailhead
4.68 miles
-
Bayview Trailhead Parking
5.73 miles
-
Berkeley Camp Parking Lot
5.87 miles
-
Echo Lake Sno-Park
6.12 miles
-
F Lot
8.38 miles
-
The Red Lodge
0.12 miles
-
Playpark Lodge
0.12 miles
-
Apex Inn
0.13 miles
-
Tahoe Cottage Inn Motel
0.20 miles
-
Coyote Den
0.22 miles
-
High Country Lodge
0.26 miles
-
Cedar Pines Resort
0.28 miles
-
Silver Shadows Lodge
0.29 miles
-
South Lake Tahoe Lodge
0.52 miles
-
Matterhorn Motel
0.67 miles
-
Raley's
0.27 miles
-
Smart & Final Extra!
0.41 miles
-
TJ Maxx
0.42 miles
-
Grocery Outlet
1.02 miles
-
Swiss Chalet Village
1.40 miles
-
Ross
2.26 miles
-
Safeway
3.11 miles
-
Whole Foods Market
3.56 miles
-
Lira's Market
3.69 miles
-
Raley's
4.53 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.