| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 61st | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1801 Lake Tahoe Blvd, South Lake Tahoe, CA, 96150, US |
| Region / Metro | South Lake Tahoe |
| Year of Construction | 1973 |
| Units | 76 |
| Transaction Date | 2017-07-31 |
| Transaction Price | $1,781,500 |
| Buyer | SLTSG APARTMENT INVESTORS LP |
| Seller | SAINT JOSEPH COMMUNITY LLC |
1801 Lake Tahoe Blvd South Lake Tahoe Multifamily Opportunity
Elevated home values in the surrounding neighborhood support steady renter reliance on apartments, according to WDSuite’s CRE market data, while property vintage suggests actionable modernization potential. Neighborhood occupancy figures referenced below reflect the broader area, not this specific asset.
The property sits in a suburban pocket of South Lake Tahoe that ranks in the top quartile among 561 Sacramento–Roseville–Folsom metro neighborhoods, per WDSuite’s commercial real estate analysis. Amenity access is competitive for a mountain community, with grocery, dining, and everyday services measured above many U.S. neighborhoods, helping support day-to-day livability for residents.
Neighborhood data indicates elevated home values compared with national norms, which tends to sustain apartment demand and lease retention as ownership remains high-cost. Median contract rents in the area have risen materially over the past five years, while the neighborhood’s rent-to-income ratio around 0.25 points to manageable affordability pressure that can aid pricing discipline without overextending tenants.
Vintage context matters: the submarket’s average construction year is 1968, while this asset was built in 1973. That slightly newer profile versus the local average can be competitive against older stock, though investors should underwrite routine modernization of building systems and common areas to preserve leasing velocity and justify rent positioning.
Tenure data shows a renter-occupied share in the neighborhood consistent with a meaningful, though not dominant, renter base. For investors, that translates into a stable pool of prospective tenants rather than a transient, purely seasonal profile. Still, neighborhood-level occupancy trends run soft by national comparison, a signal to manage exposure to seasonal leasing and to focus on unit mix and amenities that appeal to year-round renters.
Demographics within a 3-mile radius show a recent dip in population alongside a modest increase in households, implying smaller household sizes and a gradual shift toward more housing demand per resident. Forward-looking figures point to growth in households and incomes over the next five years, which should support renter pool expansion and occupancy stability for well-positioned multifamily assets.
Comparable neighborhood safety metrics are not available in WDSuite for this location. Investors typically benchmark South Lake Tahoe conditions against the broader Sacramento–Roseville–Folsom metro and city-level reports to gauge relative safety and trend direction, rather than relying on block-level assumptions.
As with resort-adjacent markets, seasonality can influence activity levels. A practical approach is to align leasing strategies and on-site operations with local peak periods while monitoring city and county trend reports for directional changes.
The regional employment base includes corporate offices that contribute to commuting patterns and help support renter demand for year-round housing. The nearby employer below illustrates this base.
- Sysco Food Service — corporate offices (40.2 miles)
This 1973, 76-unit asset aligns with a high-cost ownership environment that reinforces multifamily demand in South Lake Tahoe. According to CRE market data from WDSuite, the neighborhood sits in the metro’s top quartile with solid amenity access and rents that have grown meaningfully, while rent-to-income levels around 0.25 suggest room for disciplined pricing without undue retention risk. The vintage supports a clear modernization thesis—targeted systems updates and common-area refreshes can enhance competitiveness versus older local stock.
Demographics aggregated within a 3-mile radius indicate households have been increasing even as population has softened, pointing to smaller households and a gradually expanding tenant base. Looking ahead, projected increases in households and incomes support stable leasing fundamentals, though investors should account for neighborhood-level seasonality and broader service-sector exposure when underwriting.
- High-cost ownership market supports renter reliance and pricing power
- 1973 vintage provides actionable value-add via systems and common-area upgrades
- Neighborhood ranks in metro’s top quartile with above-average amenity access
- 3-mile household growth outlook supports a larger tenant base and occupancy stability
- Risks: softer neighborhood-level occupancy and potential seasonality; prioritize features that attract year-round renters