3671 Spruce Avenue, South Lake Tahoe, CA 96150 For Sale

3671 Spruce Avenue, South Lake Tahoe, CA presents an opportunity to acquire an eight-unit multifamily property situated on approximately ±0.23 acres. The property consists of a single building totaling approximately ±5,088 rentable square feet and includes eight one-bedroom, one-bathroom apartment units. Originally constructed in 1966, the property underwent extensive renovations in 2022 and currently generates approximately $13,700 in monthly rental income, equating to approximately $164,400 in annual gross rental income.

Positioned just off Ski Run Boulevard, the property offers convenient access to U.S. Highway 50, Lake Tahoe, Heavenly Ski Resort, and the area's year-round recreation, dining, and shopping destinations. The surrounding neighborhood includes a mix of residential and commercial uses, with nearby employers, outdoor amenities, and everyday services. On-site parking and access to major transportation corridors further enhance the property's appeal for both tenants and investors.