$398,000 Active
1027 Truckee Drive
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
2 Beds
·
1.0 Baths
·
1,024 Sq Ft
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About This Property

Welcome to 1027 Truckee Drive, a charming two-bedroom, one-bath home offering 1,024 square feet of living space in a convenient central South Lake Tahoe location. Within walking distance to shopping, restaurants, and everyday amenities, this property is an excellent opportunity for first-time homebuyers, investors, or anyone looking to add their own personal touches.The inviting living room features vaulted open beam ceilings and warm pine paneling, creating a classic Tahoe cabin feel. The kitchen retains its original cabinetry while offering the convenience of a newer gas range, and an adjacent laundry room provides added functionality.Both bedrooms are generously sized and feature open beam ceilings. The bathroom has been modestly updated with a tiled shower while maintaining the home's original charm.Outside, the fully fenced backyard offers plenty of space for pets, gardening, or entertaining and includes a storage shed for your outdoor gear and tools. Additional features include a welcoming front porch, double-pane windows, and a roof that was replaced approximately four years ago.With solid bones, classic mountain character, and room to update at your own pace, this home is a fantastic opportunity to build equity in a desirable South Lake Tahoe location.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143196
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $389

Property History

Jul 13, 2026
Listed for sale
$398,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 1,024
Lot Size 0.11 acres
Stories 1
Year Built 1959
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031042002000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame
Roof Pitched
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
Financial
HOA / Community South Tahoe Association of Realtors
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 1027 Truckee Drive, South Lake Tahoe

Est. Annual Revenue
$42,430
Avg Nightly Rate
$213
Projected Occupancy
54.6%
Cap Rate
4.3%
Structural Score: 41 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,775 sq ft covered of 1,504 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,013 sq ft
Allowed Coverage
1,504 sq ft · 30%
Existing Coverage
2,775 sq ft · 55%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($79,600)
Home price
$398,000
Loan details
30-yr fixed, 6.5%
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