Active

3820 PENTAGON Drive

South Lake Tahoe CA, 96150

$2,125,000


$279.16 per sqft

Active

18 Beds

7,612 sqft

Other

Built in 1961

Welcome to the La Paz Apartments - 10 Units located in the Tourist Core Area Plan! Adjacent to a conservancy lot, walking distance to restaurants, and only 0.6 miles to Heavenly Village, the Gondola, Stateline Casinos and more. A superb blend of 8 Two Bedroom/One Bathroom units and 2 One Bedroom/One Bathroom units with onsite laundry facilities, storage, and dedicated on-site parking. This offering presents a rare opportunity due to the location to convert this multifamily property into transient lodging with the acquisition of the required number Tourist Accommodation Units. Post conversion to an all-suite motel near Stateline with strong tourism demand makes this an interesting investment opportunity with steady cash flow during the entitlement process. Currently the property has 100% occupancy, with long-term tenants in place and strong rental demand. All information, square footage, and number of units of The La Paz Apartments is the combination of both 3820 and 3824 Pentagon Drive on 2 APN's and is deemed reliable but not guaranteed. Please do not disturb the tenants. All tours must be scheduled in advance. Call today for more information.

141268

MLS ID

March 7, 2025

Listed

March 7, 2025

Updated

Interior Features

Bedrooms

18


Laundry Description

Common


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas, Wall or Space Heater

Exterior/Building Features

Lot Size

0.24 Acres


Exterior Features

Patio/Balcony


Roof

Composition


Window

Single Pane, Double Pane

Other Property Details

Area Name

Stateline


Garage

No


Parking Total

10


View

No


County

El Dorado


Zoning

Multi-Family

Listed by Aston Morley, David J Howie,
Listing Contact: 916-719-6205 

Based on information from the South Tahoe Association of REALTORS® MLS as of 9:27 AM UTC, 3/7/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gregory Ochoa | CA DRE# 01725318 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2025 South Tahoe Board of REALTORS®. All rights reserved.

Data last updated 9:27 AM UTC, 3/7/2025

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