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Sold for $900,000
  • $900,000

    3771 Ruby Way, South Lake Tahoe, CA 96150

    7beds
    4baths
    3,328sqft
    Quadruplex
    Built in 1963
    -- sqft lot
    $937,000 Zestimate®
    $270/sqft
    $5,141 Estimated rent

    Home value

    $937,000

    $853,000 - $1.02M

    $5,141/mo

    Zestimate® history
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    What's special

    Welcome to this truly unique 4 Unit property located in the heart of South Lake Tahoe.This one-of-a-kind investment opportunity offers four spacious units encompassing a generous 3,328 square feet of gross living areas. Situated adjacent to the pristine California Conservancy, this property enjoys a serene and picturesque setting. Convenience is key with this centrally located property, just a mere mile away from the renowned Heavenly Ski Resort. Imagine the ease of access to world-class skiing and snowboarding, right at your doorstep. Additionally, this prime location offers the added advantage of being within walking distance to an array of top-rated restaurants, shopping centers, and thrilling casinos, ensuring endless entertainment options for residents and visitors alike. Each unit within this remarkable property has been meticulously designed with comfort and functionality in mind. All units are separately metered, ensuring hassle-free utility management for both the landlord and tenants. The property boasts dual-pane vinyl windows, promoting energy efficiency and maintaining a comfortable interior climate throughout the year. For added convenience, a shared laundry room is available on-site, catering to the needs of all residents. Each unit also comes with designated parking, ensuring that parking is never a concern for tenants.The three units feature two bedrooms and one bath, offering ample space for a variety of buyers. Additionally, one unit stands out as a spacious one-bedroom, one-bathroom unit, providing a versatile living arrangement that appeals to a wider range of tenants. This 4-unit gem presents an exceptional opportunity for investors seeking a potentially lucrative addition to their portfolio. With its unbeatable location and desirable unit configurations, this property is destined to attract high-quality tenants. Don't miss out on this extraordinary investment opportunity in South Lake Tahoe.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gregory S Ochoa 775-339-1919 gregory@mountainlux.com,

    Mountain Luxury Properties

    Bought with:

    Gregory S Ochoa, 01725318

    Mountain Luxury Properties

    Source: STAOR,MLS#: 137081MLS LogoOriginating MLS: South Tahoe Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Heating
    • Natural Gas, Wall or Space Heater
    Appliances
    • Included: Sep. Water Heater, Gas Water Heater
    • Laundry: Common Area
    Features
    • 1st Unit: 2 Beds - 1 Bath, 2nd Unit: 2 Beds - 1 Bath, 3rd Unit: 2 Beds - 1 Bath, 4th Unit: 1 Bed - 1 Bath
    • Windows: Double Pane Windows, Vinyl Frame
    • Basement: Concrete/Crawl Space
    Interior area
    • Total structure area: 3,328
    • Total interior livable area: 3,328 sqft

    Property

    Parking
    • Total spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 6,098 Square Feet
    Details
    • Parcel number: 028121019000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Wood Frame, Wood Siding
    • Roof: Pitched,Tar/Gravel
    Condition
    • Year built: 1963

    Utilities & green energy

    • Utilities for property: Natural Gas Available, Cable Connected, Phone Connected

    Community & HOA

    Community
    • Subdivision: Heavenly View Terrace
    Location
    • Region: South Lake Tahoe

    Financial & listing details

    • Price per square foot: $270/sqft
    • Tax assessed value: $918,000
    • Annual tax amount: $10,220
    • Date on market: 7/7/2023
    • Cumulative days on market: 152 days
    • Date available: 01/01/1800
    • Listing terms: Cash to New Loan
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    8/18/2025Listing removed$2,150$1/sqft
    Source: Zillow Rentals Report a problem
    7/8/2025Listed for rent$2,150+95.5%$1/sqft
    Source: Zillow Rentals Report a problem
    12/6/2023Sold$900,000-14.3%$270/sqft
    Source: STAOR #137081 Report a problem
    10/28/2023Pending sale$1,050,000$316/sqft
    Source: STAOR #137081 Report a problem
    8/29/2023Price change$1,050,000-12.4%$316/sqft
    Source: STAOR #137081 Report a problem
    7/7/2023Listed for sale$1,198,000+199.5%$360/sqft
    Source: STAOR #137081 Report a problem
    10/5/2017Listing removed$1,100
    Source: Zillow Rental Network Report a problem
    9/28/2017Listed for rent$1,100
    Source: Zillow Rental Network Report a problem
    8/12/2016Sold$400,000+0.3%$120/sqft
    Source: MetroList Services of CA #16040992 Report a problem
    6/26/2016Listed for sale$399,000-3.9%$120/sqft
    Source: Fusion Real Estate Network #126136 Report a problem
    10/2/2010Listing removed$415,000$125/sqft
    Source: Deb Howard & Co #116122 Report a problem
    6/5/2010Listed for sale$415,000$125/sqft
    Source: Deb Howard & Co. #116122 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,220 +5.4%$918,000 +2%
    2024$9,693 +365.2%$900,000 +398.8%
    2023$2,084 +0.9%$180,439 +2%
    2022$2,064 +1.5%$176,902 +2%
    2021$2,034 +1.4%$173,434 +1%
    2020$2,006 +0.5%$171,657 +2%
    2019$1,997 +2.1%$168,292 +2%
    2018$1,955 +1.5%$164,993 +2%
    2017$1,926 +2%$161,759 +2%
    2016$1,889 +1%$158,589 +1.5%
    2015$1,870 +1.7%$156,208 +2%
    2014$1,839 $153,150 +0.5%
    2013-- $152,460 +4%
    2012-- $146,541
    2011-- $146,541 +0.8%
    2010-- $145,448 -0.2%
    2009-- $145,795 +2%
    2008-- $142,938 +2%
    2007-- $140,136 +2%
    2006-- $137,389 +2%
    2005-- $134,696 +2%
    2004-- $132,056
    Find assessor info on the county website

    Neighborhood: 96150

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $937,000
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    Estimated market value
    $937,000