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1060 Marjorie Street, South Lake Tahoe, CA 96150

$750,000

  • Sold
  • Closed
  • Multi-Family
1060 Marjorie Street, South Lake Tahoe, CA 96150View this property at 1060 Marjorie Street, South Lake Tahoe, CA 96150
1060 Marjorie StreetSouth Lake TahoeCA96150

Map & Location

Street View

Property Description

Great investment property! CAP rate of 6.68%! Rentals are at a premium in Lake Tahoe. SLT City has indicated the greatest housing need in SLT is for more studios. Multi-Residential complex with 12 studio units and shared a kitchen. Located near shopping, bank & bus route. 100% occupied. 12- studio/bathroom units; Two units have fireplaces; one unit has a full kitchen with FP; shared kitchen facility on 2nd floor. Efficient radiator heat. Over $150,000 in renovations:newly painted; renovated,including dual pane windows, refinished parking area with striping, renovated interiors & more! Managed by local rental agency. Call listing agent for more information and financials.

Full Property Detailsfor 1060 Marjorie Street

General

  • Sold For: $750,000
  • Taxes: $2,871
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 122401
  • Added: 1, 503 day(s) ago

Location

  • Area: Tahoe-Sierra
  • County: El Dorado
  • Subdivision: Johnson Acres 2
  • Cross Streets: Young
  • Driving Directions: Hwy 50 to Blue Lakes to Young to Marjorie

Heating & Cooling

  • Heating Type: Forced Air, Natural Gas, Fireplace, Other (See Remarks)
  • Water Heater: Other/See Remarks

Utilities

  • Utility Description: Natural Gas, City Water, City Sewer, Cable TV, Telephone

Structural Information

  • Construction Status: Wood Frame, Wood Siding
  • Construction: Wood Frame, Wood Siding
  • Foundation: Concrete/Crawl Space
  • Roof: Composition
  • Windows/Doors: Single Pane, Double Pane
  • Entry Location: Two Story
  • Stories/Levels: Two Story
  • Year Built: 1966

Unit Information

Unit 1

  • Total Bathrooms: 1

Unit 2

  • Total Bathrooms: 1

Unit 3

  • Total Bathrooms: 1

Unit 4

  • Total Bathrooms: 1

Unit 5

  • Total Bathrooms: 1

Unit 6

  • Total Bathrooms: 1

Unit 7

  • Total Bathrooms: 1

Unit 8

  • Total Bathrooms: 1

Unit 9

  • Total Bathrooms: 1

Unit 10

  • Total Bathrooms: 1

Unit 11

  • Total Bathrooms: 1

Unit 12

  • Total Bathrooms: 1

Lot Features

  • Lot Size (Acres): 0.27
  • Lot Size Source: (Tax Data)

Financial Considerations

  • Price Per Sq. Ft.: $173.13
  • Price Per Acre: $2,798,507.46
  • Tax Amount: $2,871
  • Terms: Cash

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Schools

Schoolsserving 1060 Marjorie Street

School District:Lake Tahoe Unified School District
School Name
Grades
Distance
Tahoe Valley Elementary School
943 Tahoe Island Dr, South Lake Tahoe, CA 96150
K-5
1.4 mi
South Tahoe Middle School
2940 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
6-8
0.6 mi
South Tahoe High School
1735 Lake Tahoe Blvd, South Lake Tahoe, CA 96150
9-12
2.3 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 1060 Marjorie Street

Date
Details
Price
Change
Source
12/20/2017
Sold
$750,000
-9.09%
MLS
6/14/2017
Price Increased
$825,000
5.77%
MLS
10/02/2015
Price Increased
$780,000
3.31%
MLS
5/06/2015
Price Reduced
$755,000
-5.03%
MLS
12/29/2014
Price Increased
$795,000
14.39%
MLS
5/07/2014
Listed
$695,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Community Info

Community Infofor 1060 Marjorie Street

1060 Marjorie Street, South Lake Tahoe, CA 96150 (MLS# 122401) is a Multi-Family property that was sold at $750,000 on December 20, 2017. Want to learn more about 1060 Marjorie Street? Do you have questions about finding other Multi-Family real estate for sale in South Lake Tahoe? You can browse all South Lake Tahoe real estate or contact a Coldwell Banker agent to request more information.