3831 PENTAGON DR, SOUTH LAKE TAHOE, CA 96150

3831 Pentagon Road | South Lake Tahoe, CA

Ideally situated in the heart of South Lake Tahoe, 3831 Pentagon Road offers a rare opportunity to acquire a centrally located multifamily asset in one of Northern California’s most desirable resort markets. Located just over one-third of a mile from the shores of Lake Tahoe, the property is minutes from Heavenly Village, Stateline casinos, major retail, dining, entertainment, transit, and year-round recreation.

The property features a two-story apartment building totaling approximately 7,532 square feet on a 0.23-acre / 10,019-square-foot parcel. Comprised of 15 residential units, the asset provides an established income stream supported by strong demand from both local workforce housing needs and South Lake Tahoe’s robust tourism economy.

A key advantage of the property is its Tourist Center Mixed-Use (TSC-MU) zoning, one of the city’s most flexible and sought-after designations. This zoning allows for a broad range of residential, commercial, hospitality, and mixed-use possibilities, creating meaningful long-term upside through repositioning, redevelopment, or continued multifamily operation.

Located within the City of South Lake Tahoe and served by the South Tahoe Public Utility District, the property benefits from established infrastructure, excellent walkability, and a central in-town setting. Its proximity to the lakefront, Heavenly, Stateline, and South Lake Tahoe’s primary visitor corridors makes it exceptionally well positioned for both current income and future value creation.

Investment Highlights

• • Prime South Lake Tahoe location near Lake Tahoe, Heavenly Village, and Stateline
  • 15-unit multifamily property with approximately 7,532 SF of improvements
  • 0.23-acre / 10,019 SF parcel
  • Tourist Center Mixed-Use zoning with significant redevelopment potential
  • Established income-producing asset in a high-demand rental market
  • Walkable access to shopping, dining, entertainment, transit, and recreation
  • Strong long-term upside in a premier resort destination

3831 Pentagon Road represents a rare opportunity to acquire an income-producing multifamily asset with flexible zoning, central positioning, and substantial future potential in the vibrant core of South Lake Tahoe

This property is part of 7 Multi Family properties in California: two in South Lake Tahoe; one in San Fernando; one in Northridge; one in Fillmore and two in Santa Paula.