| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 64th | Good |
| Amenities | 33rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1130 Keller Rd, South Lake Tahoe, CA, 96150, US |
| Region / Metro | South Lake Tahoe |
| Year of Construction | 1977 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1130 Keller Rd South Lake Tahoe Multifamily Investment
This 22-unit property benefits from exceptional home values ranking in the top 1% nationally, which sustains strong rental demand in a high-cost ownership market according to CRE market data from WDSuite.
The South Lake Tahoe neighborhood demonstrates strong fundamentals for multifamily investors, with median home values of $1.31 million ranking in the top 1% nationally among 561 metro neighborhoods. This elevated ownership cost structure reinforces rental demand, as high barriers to homeownership keep households in the rental market longer. The neighborhood maintains a 60.4% renter-occupied housing share within a 3-mile radius, indicating established rental market depth.
Built in 1977, this property aligns with the neighborhood's average construction year of 1964, suggesting consistent building stock that may present value-add renovation opportunities for investors focused on capital improvements. The area's median household income of $99,609 ranks above the metro median, supporting rent collection stability and tenant quality. Demographic projections within a 3-mile radius show household growth of 38.9% through 2028, expanding the potential tenant base significantly.
Neighborhood occupancy rates present a consideration for investors, with local occupancy at 56.8% ranking in the bottom quartile among metro neighborhoods. However, the substantial rent-to-income affordability advantage, with ratios well below national averages, may support lease retention and reduce tenant turnover. Restaurant density of 1.65 per square mile provides above-average dining amenities that enhance tenant appeal in this suburban setting.
Crime statistics for this neighborhood are not currently available in the market data. Investors should conduct independent due diligence on local safety conditions and consider consulting with local law enforcement and property management companies to assess security considerations relevant to tenant retention and property operations.
The employment base in the broader South Lake Tahoe area is primarily driven by tourism, hospitality, and seasonal businesses, though major corporate employers are limited in the immediate vicinity.
- Sysco Food Service — food distribution services (36.7 miles)
This South Lake Tahoe multifamily property offers compelling fundamentals driven by exceptional ownership costs that sustain rental demand. With neighborhood home values ranking in the top 1% nationally, elevated barriers to homeownership create a captive rental market. The 1977 construction year presents value-add opportunities for investors seeking to enhance unit quality and capture rent premiums through targeted capital improvements.
Demographic trends within a 3-mile radius support long-term demand, with household growth projected at 38.9% through 2028 and median household income of $99,609 indicating tenant quality. While neighborhood occupancy currently trails metro averages, the strong affordability position and projected renter pool expansion provide a foundation for improved absorption as market conditions stabilize.
- Top 1% home values nationally reinforce rental demand through high ownership barriers
- 38.9% projected household growth expands potential tenant base through 2028
- 1977 vintage offers value-add renovation opportunities for rent optimization
- Strong rent affordability ratios support tenant retention and lease stability
- Risk consideration: Current neighborhood occupancy trails metro performance, requiring active leasing management