735 Emerald Bay RdSouth Lake Tahoe, CA 96150

Property Details for 735 Emerald Bay Rd

Year built

1958

Construction

WOOD

Lot size

0.99 AC

Property size (Sq ft)

6,628 SF

Zone code

TC

Property type

Hospitality properties

Property subtype

Hotels

APN

023-161-005-000

APU

23161005000

Description

This exceptional 24-unit hotel in South Lake Tahoe, CA, presents a lucrative investment opportunity. Boasting 6,628 square feet across two stories, the property underwent extensive renovations in 2023, including a new roof, interior finishes, flooring, lighting, bathrooms, entry doors, keyless locks, high-speed internet, and cable service. All furniture and bedding are brand new. The hotel features a manager's unit, an outdoor bar, and a swimming pool. Located on a one-acre lot (APN 023-161-005-000) in the Town Center zone, it benefits from a prime location near popular attractions like Heavenly Mountain Resort and Lake Tahoe. Plans for a restaurant and additional outdoor bar have been submitted to the El Dorado County Health Department. Built in 1958, this fee-simple property offers significant upside potential in a thriving tourist destination. The asking price is $4,250,000 ($641.22/sq ft). This turnkey operation is ready for immediate income generation. The property's recent renovations ensure a high standard of comfort and appeal for guests, maximizing return on investment. Its location in the heart of South Lake Tahoe provides easy access to a wide range of recreational activities and amenities, attracting a steady stream of visitors throughout the year. The Town Center zoning allows for diverse development possibilities, further enhancing the property's long-term value.

• CAP approach

  CAP return

  Valuation

  6%

  $1,502,333

  6.5%

  $1,386,769

  7%

  $1,287,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,566,702

  Geo Method

  $3,566,702

• Alternative Use

  Use

  Valuation

  Residential

  $1,513,949

  Hospitality

  $1,386,769

  Educational

  $1,153,775

  Medical

  $1,193,456

  Retail

  $1,794,762

Location Insight

City

South Lake Tahoe

County

El Dorado

State

California

Latitude

38.9198

Longitude

-120.013

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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