About This Property
Rare opportunity to own a versatile duplex on a fenced double lot in the heart of South Lake Tahoe! Whether you're looking for a strong investment property, a multi-generational living arrangement, or the perfect opportunity to live in one unit while generating rental income from the other, this property offers exceptional flexibility and future potential. Each spacious unit features 2 bedrooms, 1.5 bathrooms, in-unit laundry, forced air heating, an attached one-car garage, and a large private balcony, creating comfortable living spaces that appeal to both long-term tenants and owner-occupants. Unit 1 has been a dependable long-term rental, while Unit 2 has been carefully maintained by the family and is in excellent condition, making it move-in ready. Adding even more value, the second lot is buildable and presents an outstanding opportunity for future development of possibly an additional multi-family residence, offering tremendous upside for investors and developers alike (buyer to verify development potential with local agencies). Perfectly located just minutes from Heavenly Ski Resort, the crystal-clear waters of Lake Tahoe, shopping, restaurants, hiking and biking trails, casinos, and year-round recreation, this property combines an unbeatable location with income potential and future development opportunities. Whether you're expanding your real estate portfolio or searching for a property that can grow with your needs, this is a rare chance to own a high-demand Tahoe duplex with room for even greater possibilities.
Listing Details
Property History
STR Investment Analysis
Red ZoneSTR Investment Summary — 1152 Sonora Avenue, South Lake Tahoe
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
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
