1335 N Lake Boulevard

About this property

A Rare Multi-Unit Income Property on North Lake Boulevard

Three doors, one address, in the heart of Tahoe City — now $100,000 under the original ask. Currently operating as three units with a long-term rental and two active vacation rentals — a diversified rent roll from day one. The two-bedroom and one-bedroom units come nicely furnished. High-visibility parcel with ample paved parking on prime N Lake Blvd frontage.

This area of Tahoe City is typified by mixed-use properties, and the parcel has operated commercially and as office space in the past. For a buyer pursuing a 1031 exchange, the structure allows an owner to rent two units and occupy one — or continue operating all three as income-producing rentals. At roughly $383,000 per door with no HOA, it's a price point that doesn't exist in most multifamily markets within reach of the Bay Area.

Mountain architecture, natural gas heating, living room fireplace, in-law quarters, and an attached ADU. Furnished throughout. Middle and east units are STRs and easy to show when not rented.

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Unit Mix