1133 Bonanza Avenue, South Lake Tahoe, CA

$1,395,000

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0.95

Acres

About 1133 Bonanza Avenue

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 property is zoned High Density Residential (HDR) and allows for 14 units total. 6 additional developable units allowed on-site (Confirm with City).

Features of 1133 Bonanza Avenue

MLS® # 223111806
Price $1,395,000
Acres 0.95
Year Built 1955
Type Residential Income
Sub-Type 5 or More Units
Status Active

Community Information

Address 1133 Bonanza Avenue
Area South Lake Tahoe
City South Lake Tahoe
County El Dorado
State CA
Zip Code 96150

Amenities

Parking Spaces 24
Parking Off Street, Other
Has Pool No

Interior

Interior Laminate, Vinyl, Wood, Varies By Unit
Appliances Varies By Unit
Heating Wall Furnace
Cooling Wall Unit(s)
Fireplace No

Exterior

Lot Description Other
Foundation Concrete

School Information

Attendance Zone BIJOU COMMUNITY SCHOOL, SOUTH TAHOE HIGH SCHOOL, SOUTH TAHOE MIDDLE SCHOOL
District El Dorado
Elementary Lake Tahoe Unified
Middle Lake Tahoe Unified
High Lake Tahoe Unified

Additional Information

Zoning HDR

Listing Details

OfficeCollier's International CA, Inc.

Listing Map

Listing Schools/Amenities

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