2535 Elwood Ave South Lake Tahoe, CA 96150

Situated on two parcels and located in the heart of South Lake Tahoe, this trophy asset is minutes away from major attractions, adventure and entertainment. A multifamily property with 10 units; 2 two-bed/one-bath and 8 one bed/one-bath. The current owner has gutted every unit and added high end finishes, dual-pane windows, and installed washer dryers units. The property is priced at $2,999,999 with a current 5.57 percent cap rate. At approximately 25,000 people, South Lake Tahoe is the most populous city on Lake Tahoe, and next to Stateline Nevada. The economy is based primarily on tourism, with the Nevada-side Casinos, Heavenly Ski Resort, Lake Tahoe, and countless outdoor activities being the biggest draws. Today, the city is one of the most sought-after locations in South Lake Tahoe.