$995,000 Active Under Contract
1126 Johnson Boulevard
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
·
1,280 Sq Ft
Virtual Tour

About This Property

This property features a main single-family home alongside a versatile setup of separate outbuildings on nearly an acre of level land, with an additional buildable .93ac adjoining lot at 1140 Johnson included in the sale. The main home offers a cabin-style layout with vintage knotty pine details, two bedrooms, one bathroom, a fireplace, and a spacious living area. Outside, the property includes three detached sleeping rooms, a standalone building with two bathrooms, and an outdoor sauna. In addition, there are three dedicated storage buildings providing plenty of space for gear, tools, or seasonal equipment. This is a very unique opportunity with almost 2 acres of buildable land in the heart of South Lake Tahoe, making this a very rare property with tons of potential. Walking distance to the lake, grocery store, and minutes to Heavenly Ski Resort, Stateline, and all of South Lake Tahoe's offerings. Let your creative mind go to work while enjoying the Tahoe lifestyle.

Listed by Jackie Arthur — Compass

Listing Details

Status Active Under Contract
MLS # 143138
Days on Market 45
Sold Date 1800-01-01
Price/Sq Ft $777

Property History

Jul 06, 2026
Listed for sale
$995,000
Aug 09, 2026
Pending
$995,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2016 · county record $351,000 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.

Property Overview
Beds 2
Baths 1.0
Sq. Ft. 1,280
Lot Size 1.87 acres
Year Built 1947
Property Type Single Family Residence
Style Cabin
Subdivision Johnson Acres
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027251002000
Parking
Parking Features RV Access/Parking
Exterior & Lot
Exterior Features Storage Shed, Bear-Proof Trash Can
View Meadow, Filtered
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Slab, Post & Pier
Pool & Spa
Pool No
Utilities & Systems
Heating Natural Gas, Electric, Wall or Space Heater, Fireplace
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
51
PROJECTED GROSS ANNUAL REVENUE
$28K – $54K typically ~$37,762
~$3,147 per month
Avg Nightly
$194
Occupancy
53%
Cap Rate
1.5%

STR Investment Summary — 1126 Johnson Boulevard, South Lake Tahoe

Est. Gross Annual Revenue
$28K – $54K
typically ~$37,762
Avg Nightly Rate
$194
Projected Occupancy
53.3%
Cap Rate
1.5%
Structural Score: 51 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
3,907 sq ft covered of 12,261 sq ft allowed
8,354 sq ft of coverage still available to add.
Parcel Size
40,870 sq ft
Allowed Coverage
12,261 sq ft · 30%
Existing Coverage
3,907 sq ft · 10%
Addable Coverage
8,354 sq ft
Land Capability · TRPA-verified
7
Existing Units
1

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% ($199,000)
Home price
$995,000
Loan details
30-yr fixed, 6.5%
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