$139,000 $149,000 ↓ $10,000 reduced Active
1068 Reno Avenue
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.

About This Property

Per TRPA records this lot had a large prior structure on it. There is a generous 3667sf of verified coverage available for an extensive building envelope. Seller has received an update IPES evaluation as of summer of 2026. Recent survey is on file. STPUD shows 9 existing sewer units that can be applied to a new build for a permit cost savings. Buyers to independently verify all potential entitlements and building requirements/ restrictions to their satisfaction.

Listed by Michael Keller — Keller Properties

Listing Details

Status Active
MLS # 142623
Days on Market 176
Sold Date 1800-01-01

Property History

Mar 21, 2026
Listed for sale
$149,000
Aug 29, 2026
Price reduced
$139,000 $149,000 ↓ $10,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2024 · county record $114,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Lot Size 0.11 acres
Property Type Land
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031121010000
📊

STR Investment Analysis

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

STR Investment Analysis

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
0 sq ft covered of 1,501 sq ft allowed
1,501 sq ft of coverage still available to add.
Parcel Size
5,004 sq ft
Allowed Coverage
1,501 sq ft · 30%
Existing Coverage
0 sq ft
Addable Coverage
1,501 sq ft
Land Capability · TRPA-verified
7, IPES

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 ↗

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% ($27,800)
Home price
$139,000
Loan details
30-yr fixed, 6.5%
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