Prime investment opportunity on Ski Run Boulevard in South Lake Tahoe, well-suited for a 1031 exchange or a passive income investor.
This four-unit multifamily property features four one-bedroom, one-bath residences and is ideally located within a five-minute drive of Heavenly Ski Resort. The property also offers convenient access to nearby casinos, hotels, restaurants, and retail centers along the CaliforniaNevada border.
Situated in a high-demand area for local employees, the property is also popular with seasonal workers during both the summer tourism season and the winter ski season. The building is currently fully occupied, generating stable income and offering an attractive capitalization rate.
T
Sold for $885,000
$885,000
1177 Ski Run Blvd, South Lake Tahoe, CA 96150
4beds
4baths
3,010sqft
Quadruplex, Residential Income
Built in 1971
-- sqft lot
$902,400 Zestimate®
$294/sqft
$2,318 Estimated rent
Home value
$902,400
$857,000 - $948,000
$2,318/mo
Zestimate® history
Owner options
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$2,318/mo
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$2,318/mo
Rent Zestimate®
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$5,595/mo
Est. payment
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$5,595/mo
Est. payment
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List your homeWhat's special
Four one-bedroom one-bath residences
Zillow last checked:
Listing updated:
Listed by:
Paul Kim 02166488 408-781-2089,
KW Bay Area Estates 408-560-9000
Bought with:
Paul Kim, 02166488
KW Bay Area Estates
Source: MLSListings Inc,MLS#: ML82029592
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Gas
Cooling
- None
Interior area
- Total structure area: 3,010
- Total interior livable area: 3,010 sqft
Property
Parking
- Total spaces: 4
- Parking features: Common
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Stories: 2
Lot
- Size: 4,792 Square Feet
Details
- Parcel number: 027155004000
- Zoning: TC
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Other
- Roof: Shingle
Condition
- Year built: 1971
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Shared Septic
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: South Lake Tahoe
Financial & listing details
- Price per square foot: $294/sqft
- Tax assessed value: $936,360
- Annual tax amount: $10,421
- Date on market: 12/17/2025
- Listing agreement: ExclusiveRightToSell
- Inclusions: DishwasherAllUnits, OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Sold | $885,000-6.3%$294/sqft |
Source:  MLSListings Inc #ML82029592 Report a problem | ||
| 2/19/2026 | Pending sale | $945,000$314/sqft |
Source: MLSListings Inc #ML82029592 Report a problem | ||
| 12/17/2025 | Listed for sale | $945,000$314/sqft |
Source: MLSListings Inc #ML82029592 Report a problem | ||
| 7/1/2025 | Listing removed | $945,000$314/sqft |
Source:  STAOR #141105 Report a problem | ||
| 4/23/2025 | Price change | $945,000-4.1%$314/sqft |
Source: STAOR #141105 Report a problem | ||
| 1/9/2025 | Listed for sale | $985,000-6.2%$327/sqft |
Source: STAOR #141105 Report a problem | ||
| 10/1/2024 | Listing removed | $1,050,000$349/sqft |
Source: STAOR #140118 Report a problem | ||
| 7/10/2024 | Price change | $1,050,000-4.5%$349/sqft |
Source: STAOR #140118 Report a problem | ||
| 5/6/2024 | Listed for sale | $1,099,000-8.4%$365/sqft |
Source: STAOR #140118 Report a problem | ||
| 12/21/2023 | Listing removed | $1,200,000$399/sqft |
Source: STAOR #139394 Report a problem | ||
| 9/16/2023 | Listed for sale | $1,200,000+33.3%$399/sqft |
Source: STAOR #139394 Report a problem | ||
| 2/3/2023 | Sold | $900,000-18.1%$299/sqft |
Source: Public Record Report a problem | ||
| 1/28/2023 | Pending sale | $1,099,000$365/sqft |
Source: STAOR #136255 Report a problem | ||
| 1/28/2023 | Listed for sale | $1,099,000$365/sqft |
Source: STAOR #136255 Report a problem | ||
| 11/15/2022 | Pending sale | $1,099,000$365/sqft |
Source: STAOR #136255 Report a problem | ||
| 10/6/2022 | Price change | $1,099,000-8.4%$365/sqft |
Source: STAOR #136255 Report a problem | ||
| 9/8/2022 | Listed for sale | $1,200,000+540%$399/sqft |
Source: STAOR #136255 Report a problem | ||
| 12/14/2000 | Sold | $187,500+38.4%$62/sqft |
Source: Public Record Report a problem | ||
| 10/6/1995 | Sold | $135,500$45/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,421 -27.3% | $936,360 +2% |
| 2024 | $14,334 +241.9% | $918,000 +238.1% |
| 2023 | $4,193 +38.8% | $271,537 +2% |
| 2022 | $3,020 +1.5% | $266,214 +2% |
| 2021 | $2,975 +1.4% | $260,995 +1% |
| 2020 | $2,933 +0.5% | $258,319 +2% |
| 2019 | $2,920 +2.2% | $253,255 +2% |
| 2018 | $2,857 +1.5% | $248,290 +2% |
| 2017 | $2,813 +2% | $243,423 +2% |
| 2016 | $2,758 +3.6% | $238,651 +1.5% |
| 2015 | $2,664 | $235,067 +2% |
| 2014 | $2,664 | $230,464 +0.5% |
| 2013 | -- | $229,424 +4% |
| 2012 | -- | $220,518 |
| 2011 | -- | $220,518 +0.8% |
| 2010 | -- | $218,871 -0.2% |
| 2009 | -- | $219,393 +2% |
| 2008 | -- | $215,092 +2% |
| 2007 | -- | $210,876 +2% |
| 2006 | -- | $206,742 +2% |
| 2005 | -- | $202,689 +2% |
| 2004 | -- | $198,716 +36.2% |
| 2000 | -- | $145,915 |
Find assessor info on the county website
Neighborhood: 96150
Nearby homes
- $--1 bd1 ba820 sqft1177 Ski Run Blvd #C, South Lake Tahoe, CA 96150Off Market
- $--1 bd1 ba736 sqft1177 Ski Run Blvd #B, South Lake Tahoe, CA 96150Off Market
- $--1 bd1 ba750 sqft1177 Ski Run Blvd #A, South Lake Tahoe, CA 96150Off Market
- $841,8004 bd4 ba2.7k sqft1181 Ski Run Blvd, South Lake Tahoe, CA 96150Off Market
- $--1 bd1 ba-- sqft1181 Ski Run Blvd #2, South Lake Tahoe, CA 96150Off Market
- $755,100-- bd-- ba2.7k sqft3665 Spruce Ave, South Lake Tahoe, CA 96150Off Market
- $1,4751 bd1 ba600 sqft3665 Spruce Ave #58, South Lake Tahoe, CA 96150For Rent
- $1,620,0001 bd1 ba636 sqft3671 Spruce Ave, South Lake Tahoe, CA 96150Sold
Nearby schools
GreatSchools rating
- 6/10Sierra House Elementary SchoolGrades: K-5Distance: 2.6 mi
- 4/10South Tahoe Middle SchoolGrades: 6-8Distance: 1.3 mi
- 7/10South Tahoe High SchoolGrades: 9-12Distance: 4 mi
Schools provided by the listing agent
- District: LakeTahoeUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$902,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$902,400
- California
- El Dorado County
- South Lake Tahoe
- 96150
- 1177 Ski Run Blvd
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