Property Details
About this Property
Colliers Is pleased to present 3546 Spruce Ave. A revitalized 12-unit apartment property located in the world-renowned South Lake Tahoe region. This is a great opportunity to own an investment property and be partnered with Vail Properties, the owner of Heavenly resorts. Vail has master leased this apartment building for 5 years with a 2-year option to extend. The subject property has 9,863 square feet of rentable living space with a total of 3 Buildings, which is comprised of a 10-unit complex and two houses. This property was built in 1960 and renovated in 2023 by an 11-month foundation to roof renovation project. From flooring to roof everything except the foundational lumber has been removed and replaced. Renovations also include new electrical hook-ups and new transformers from the City of South Lake Tahoe. The apartment building consists of (4) 1-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom Units and (2) Studios. Two houses consist of a 2-bedroom/1-bathroom Single Family Residence & a 2-bedroom/2-bathroom SFR. Having a master lease provides an opportunity for the next owner not to be tasked with paying for maintenance, utilities or even snow plowing!
MLS Listing Information
MLS #
ME225087587
MLS Source
MetroList Services, Inc.
Days on Site
2
Interior Features
Flooring
Laminate, Varies by Unit
Cooling
Central Forced Air, Varies by Unit
Heating
Central Forced Air, Varies by Unit
Exterior Features
Foundation
Slab, Other
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Elementary District
Lake Tahoe Unified
High School District
Lake Tahoe Unified
Sewer
Other, Public Sewer
Water
Other
HOA Fee
$0
Zoning
LDR
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 12 | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 700 | 1 | 1/0 | $1,749 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3546 Spruce Ave is a Residential Income in South Lake Tahoe, CA 96150. This 0 square foot property sits on a 0.53 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,250,000 and was built in –. This address can also be written as 3546 Spruce Ave, South Lake Tahoe, CA 96150.
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This listing information is up-to-date as of July 16, 2025. For the most current information, please contact Matthew Sarro, (916) 616-5267
