| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 61st | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1055 Tata Ln, South Lake Tahoe, CA, 96150, US |
| Region / Metro | South Lake Tahoe |
| Year of Construction | 1974 |
| Units | 70 |
| Transaction Date | 1998-05-12 |
| Transaction Price | $2,500,000 |
| Buyer | TAHOE VALLEY TOWNHOMES ASSOCIATES |
| Seller | PINTO RADOVAN Z |
1055 Tata Ln South Lake Tahoe Multifamily Investment
Positioned in a high-cost ownership market, this 70-unit asset offers durable renter demand and value-add potential, according to WDSuite’s CRE market data. Neighborhood occupancy trends and rent-to-income levels suggest prudent leasing and revenue management can drive steady performance.
South Lake Tahoe’s neighborhood fundamentals show a balanced mix of amenities and service access: grocery, restaurant, and cafe density track around the upper tier nationally, supporting day-to-day convenience that helps with leasing and retention. The neighborhood’s overall rating ranks competitive among Sacramento–Roseville–Folsom neighborhoods (136 out of 561), per WDSuite.
Renter-occupied housing represents a meaningful share of the local unit mix at the neighborhood level, indicating a viable tenant base for multifamily. Median contract rents sit near the national middle while rent-to-income levels appear manageable, which can support retention and measured rent growth rather than stretching affordability. Elevated home values relative to national benchmarks point to a high-cost ownership market that can sustain multifamily demand and leasing stability.
The typical construction vintage in the area skews older; this property’s 1974 build is slightly newer than the neighborhood average (1968). That positioning can be leveraged with targeted capital plans—common-area refreshes, in-unit modernizations, and systems upgrades—to sharpen the competitive profile versus older nearby stock.
Within a 3-mile radius, demographics show a modest dip in population in recent years alongside an increase in households, signaling smaller household sizes and an expanding renter pool. Looking forward, WDSuite data points to continued growth in households through 2028, which supports occupancy stability and a deeper tenant base for multifamily. These dynamics, together with amenity access, create a foundation investors can underwrite with cautious optimism for commercial real estate analysis.
Neighborhood-level safety metrics are not available in WDSuite for this location. Investors should benchmark on-the-ground observations and third-party reports against metro trends to gauge relative performance and potential property-level operating practices (lighting, access control, tenant screening) that support resident satisfaction and retention.
Regional employment access is diversified across broader Northern California and Nevada. Nearby distribution and corporate operations provide stable commuter-based housing demand relevant to workforce renters.
- Sysco Food Service — distribution/corporate offices (40.0 miles)
1055 Tata Ln offers 70 units with larger-than-typical average floor plans for the vintage, creating an opening for value-add repositioning. The neighborhood’s renter concentration, manageable rent-to-income levels, and elevated ownership costs support a durable tenant base. While neighborhood occupancy trends are softer than many metro peers, amenity access and projected household growth within a 3-mile radius help underpin demand. Capital plans should prioritize interiors and building systems consistent with a 1974 build to enhance competitiveness and rentability.
Based on CRE market data from WDSuite, the area’s operating profile sits near national midpoints for income generation, with upside tied to renovations and disciplined leasing. The ownership cost environment reinforces reliance on multifamily housing, suggesting potential for steady absorption and retention with thoughtful pricing and renewal strategies.
- Value-add potential on a 1974 vintage through targeted interior and systems upgrades
- Renter-occupied housing share and manageable rent-to-income support a deeper tenant base
- Elevated local ownership costs reinforce rental demand and lease retention
- Amenity access and household growth within 3 miles support occupancy stability
- Risk: Neighborhood occupancy trends run below metro leaders, requiring disciplined leasing and asset management