$125,000 Active

1091 Sierra Boulevard

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

Convenient, level parcel located on Sierra Boulevard in the heart of South Lake Tahoe. Located on a corner and along the recently completed recreation path, fantastic location for walking to nearby shops, restaurants, and bars, or going the other direction for hiking and biking in open space. Ask the city building department about options, including the addition of up to two Accessory Dwelling Units (ADUs). IPES score 738 per TRPA.gov.

Listed by Matthew Lucksinger — Lake Valley Properties

Listing Details

Status Active

MLS # 142518

Days on Market 212

Sold Date 1800-01-01

Property History

Feb 13, 2026

Listed for sale

$125,000

Property Overview

Lot Size 0.11 acres

Property Type UnimprovedLand

Subdivision Tahoe Sierra 1

County El Dorado

STR Jurisdiction South Lake Tahoe

APN 031123019000

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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone

STRUCTURAL SCORE Excellent

PROJECTED GROSS ANNUAL REVENUE

$118K – $167K typically ~$142,500

~$11,875 per month

Avg Nightly

$485

Occupancy

68%

Cap Rate

5.2%

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

Legal Occupancy

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build

0 sq ft covered of 1,500 sq ft allowed

1,500 sq ft of coverage still available to add.

Parcel Size

4,999 sq ft

Allowed Coverage

1,500 sq ft · 30%

Existing Coverage

0 sq ft

Addable Coverage

1,500 sq ft

IPES Score

738.0

Land Capability · TRPA-verified

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

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

Property taxes

HOA dues

From MLS listing data.

Home insurance

Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.

Down payment

20% ($25,000)

Home price

$125,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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