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It sold for $725,000 on 2026-06-11, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.
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About This Property
Sitting in the heart of South Lake Tahoe, 1037 Pine Grove Ave is a charming and updated four-plex that blends investment potential with mountain-town appeal. Located just minutes from Stateline and the lake, this property sits in a sunny spot flanked by conservancy lots, offering both privacy and natural light.Each of the four units is a studio apartment, thoughtfully remodeled with laminate flooring, ceramic tile bathrooms, and modern appliances. The upgrades make the units attractive to tenants, and all are currently rentedan encouraging sign for consistent cash flow. Rents are currently around $1300/$1350 per unit, with room for increases based on market trends.The property includes a common laundry room, and features ample parking, a fully fenced lot, and low-maintenance landscapingideal for out-of-town investors. Tenants handle their own electric bill, further reducing operating costs.With a gross annual income of approximately $67,200, this four-plex offers a solid cap rate, especially considering its central location and minimal upkeep requirements. It's a rare find in a high-demand area where vacancies don't last long.
Listing Details
Property History
STR Investment Summary — 1037 Pine Grove Avenue, South Lake Tahoe
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗ How the Basin comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.
See it in the monthly payment Tahoe wildfire insurance costs
