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1060 Marjorie Street, South Lake Tahoe, CA 96150
$750,000
1060 Marjorie Street, South Lake Tahoe, CA 96150View this property at 1060 Marjorie Street, South Lake Tahoe, CA 96150
1060 Marjorie StreetSouth Lake TahoeCA96150
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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 Details
Full Property Details for 1060 Marjorie St
General
- Sold For: $750,000
- Taxes: $2,871
- Status: Closed
- Type: Multi-Family
- MLS ID: 122401
- Added to Site: 3, 640 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
Schools serving 1060 Marjorie St
School District:Lake Tahoe Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
943 Tahoe Island Dr, S Lake Tahoe, CA 96150 | K-5 | 1.4 mi | |
2940 Lake Tahoe Blvd, S Lake Tahoe, CA 96150 | 6-8 | 0.6 mi | |
1735 Lake Tahoe Blvd, S Lake Tahoe, CA 96150 | 9-12 | 2.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1060 Marjorie St
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 information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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.