$264,000
1223 Bonanza Avenue #7
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
2 Beds
·
1.0 Baths
·
841 Sq Ft

About This Property

Fantastic affordable starter home or investment ski condo only 6 miles to Heavenly Ski Resort and ideally located in town within walking distance to many restaurants, retail shops, grocery stores and a climbing gym. This 2 bedroom/1 bath unit has recently been upgraded with LVP flooring throughout and is conveniently located on the ground floor. No worries about slippery steps in the winter! And the kids will love the Bonanza Neighborhood Park located just next to the complex with basketball hoops, an awesome play structure and lots of room to run around. HOA dues include exterior building fire insurance, snow removal, parking, exterior maintenance, on-site laundry, mail boxes and unlimited hot water.

Listed by Kimberly Cramer — Compass

Listing Details

Status Active
MLS # 142490
Days on Market 61
Sold Date 1800-01-01
Price/Sq Ft $314

Property History

Jan 31, 2026
Listed for sale
$264,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 841
Lot Size 0.02 acres
Year Built 1965
Property Type Condominium
Subdivision Corte D Azur
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 032371007000
Parking
Parking Features 0.00
Exterior & Lot
Construction Wood Frame
Roof Flat,Asphalt
Foundation Slab
Utilities & Systems
Heating Electric,Wall or Space Heater
Cooling Electric,Wall or Space Heater
Financial
HOA Fee $319 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Additional Parking
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STR Investment Analysis

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

STR Investment Analysis

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

STR Investment Summary — 1223 Bonanza Avenue #7, South Lake Tahoe

Est. Annual Revenue
$40,672
Avg Nightly Rate
$248
Projected Occupancy
43.0%
Cap Rate
6.2%
Structural Score: 43 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($52,800)
Home price
$264,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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