$1,195,000 Closed
2026 15th Street
South Lake Tahoe, CA 96150
SOLD 1800-01-01
6 Beds
·
2,340 Sq Ft

About This Property

Own Your Tahoe Escape While Generating Rental IncomeExceptional opportunity to own a charming 5-unit multifamily property in a highly desirable South Lake Tahoe neighborhood. This unique property offers the ideal blend of income potential and personal enjoyment. Rent four units while keeping the beautifully remodeled fifth unit as your own Tahoe retreat.Designed with a welcoming courtyard feel, the property is perfectly situated adjacent to the South Lake Tahoe bike path and just 1.5 miles from Camp Richardson and Pope Beach, offering easy access to beaches, biking, and year-round recreation.All units feature alder kitchen cabinetry and granite countertops, creating a warm mountain-modern aesthetic throughout. The recently remodeled owner's unit was thoughtfully redesigned down to the studs and showcases completely new finishes, including alder cabinets, blue quartz countertops, tile backsplash, new appliances, and a fully renovated bathroom. This cozy and stylish unit is ideal for owner occupancy, a seasonal getaway, or continued rental income.Additional highlights include: Separate gas and electrical meters for each unit Communal laundry room for tenant convenience New on-demand water heaters on the east wing of the property; including a dedicated unit for the laundry room Excellent flexibility for investors, owner-users, or multi-generational living Whether you're looking for cash flow, a second home, or both, this versatile Tahoe property offers exceptional financial and lifestyle opportunities in one of the area's most sought-after locations.

Listed by Alora Reynolds — Chase International - South Lake Tahoe

Listing Details

Status Closed
MLS # 142967
Sold Date 1800-01-01
Price/Sq Ft $511

Property History

May 22, 2026
Listed for sale
$1,195,000
Current
Sold
$1,195,000
Property Overview
Beds 6
Sq. Ft. 2,340
Lot Size 0.73 acres
Year Built 1957
Property Type MLF
Subdivision Lukins
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023111039000
Parking
Total Parking 7
Parking Features 7.00
Exterior & Lot
Exterior Features Patio/Balcony
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Wall or Space Heater,Fireplace
Cooling Natural Gas,Wall or Space Heater,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors

STR Investment Summary — 2026 15th Street, South Lake Tahoe

Est. Annual Revenue
$61,033
Avg Nightly Rate
$357
Projected Occupancy
47.0%
Cap Rate
2.0%
Structural Score: 54 / 100 (Standard) · STR Zone: Yellow

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
2,513 sq ft covered of 3,187 sq ft allowed
674 sq ft of coverage still available to add.
Parcel Size
10,625 sq ft
Allowed Coverage
3,187 sq ft · 30%
Existing Coverage
2,513 sq ft · 24%
Addable Coverage
674 sq ft
Existing Units
5

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

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