| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 61st | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1101 3rd St, South Lake Tahoe, CA, 96150, US |
| Region / Metro | South Lake Tahoe |
| Year of Construction | 1999 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1101 3rd St South Lake Tahoe Multifamily Opportunity
Newer 1999 vintage relative to the area’s older housing stock positions this asset to compete for a stable renter base in a high-cost ownership market, according to WDSuite’s CRE market data.
Situated in South Lake Tahoe within the Sacramento–Roseville–Folsom metro, the neighborhood carries an A- rating and ranks 136 out of 561 metro neighborhoods, indicating it is competitive among local peers. Amenity access is solid for a suburban setting, with restaurants, groceries, pharmacies, and parks present at levels that track above many neighborhoods nationally, supporting day-to-day livability for renters.
The property’s 1999 construction is materially newer than the neighborhood’s average 1968 vintage. This relative youth can reduce near-term capital exposure versus older stock while supporting competitive positioning; investors may still underwrite selective modernization to drive rent trade-outs and asset durability over the hold.
Neighborhood tenure patterns show a meaningful renter-occupied share (around the upper quartile nationally), which signals depth in the tenant pool for a 45‑unit community. At the same time, neighborhood occupancy is reported as below typical levels across the metro and nation, so leasing strategies should emphasize capture of in-migration and renewals to manage potential volatility at the block-group scale. Elevated home values in the area (high percentile nationally) point to a high-cost ownership market that can reinforce sustained reliance on multifamily housing, bolstering demand and lease retention potential.
Demographics aggregated within a 3‑mile radius show recent population softness alongside growth in household counts and a trend toward smaller household sizes. Forward-looking data indicate additional household expansion by 2028 with incomes rising, which can broaden the renter base and support occupancy stability and rent growth if operators match product, pricing, and finishes to evolving demand.
Neighborhood-level crime metrics are not available in WDSuite for this location, so no comparative rank among the 561 metro neighborhoods can be provided at this time. Investors should pair this absence of data with standard local diligence (police reports, property manager feedback, and insurance quotes) to gauge operating risk.
Where data are available, WDSuite presents safety in comparative terms versus metro and national baselines. Apply the same lens here: evaluate trends over time and relative to nearby neighborhoods to understand whether conditions are improving, stable, or warrant additional mitigation in underwriting.
Regional employment within commuting range includes distribution and foodservice, which can contribute to steady renter demand for workforce-oriented units. The following employer reflects proximate access noted in WDSuite.
- Sysco Food Service — distribution & foodservice (39.6 miles)
This 45‑unit, 1999‑built asset offers relative competitive positioning versus the neighborhood’s older housing stock, with the potential to capture renters who value newer construction and practical amenities. A high-cost ownership landscape supports multifamily reliance, while a sizable renter-occupied share in the neighborhood indicates depth of demand. Demographic patterns within a 3‑mile radius point to growing households and smaller household sizes ahead, which typically support absorption and renewal performance when pricing and unit mix align with local incomes.
At the same time, neighborhood occupancy trends are weaker than typical, so investors should emphasize leasing execution and renewal management, and consider targeted value-add to differentiate. Based on CRE market data from WDSuite, amenity access and income trajectories provide a constructive setup for sustained renter interest, but underwriting should account for seasonal dynamics and potential variability in lease-up velocity.
- 1999 vintage versus older area stock supports competitive positioning and moderated near-term capex.
- High-cost ownership market reinforces renter reliance and can aid retention and pricing power.
- 3‑mile demographics show household growth and smaller sizes, expanding the tenant base for well-matched unit mixes.
- Amenity access and commuting reach support day-to-day livability and leasing stability.
- Risk: neighborhood-level occupancy is below typical levels; plan for assertive leasing, renewal management, and selective upgrades.