$689,999 Active
2126 Helen Ave Avenue
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
·
912 Sq Ft

About This Property

Skip the Line for a VHR permit!Automatically eligible for VHR permit based on mixed use zoning.--->Not subject to the city of South Lake Tahoe's residential 900-permit cap on Vacation Home Rental (VHR) permits.Classified under mixed-use zoning and governed by Tourist Core rules and regulations.(see Ordinance doc. in photos)Prime South Lake Tahoe Location!!! End of cul de sac, centrally located in the Barton Hosp. Health district of the TVCP and on the bike connector trail.Don't miss this exceptional investment opportunity featuring an active Vacation Home Rental permit and mixed-use/commercial zoning on a large lot. Perfect for short-term rental income, live/work setup, or future development potential. Property furnished to comfortably sleep 8. Unbeatable location; end of cul de sac, centrally located in the Barton Hosp. Health district of the TVCP, & 10 minutes from Heavenly Ski Resort, the Village, and Stateline casinos. Situated directly on the bike path to Pope Beach and Camp Richardson, with breweries, coffee shops, and restaurants less than 100 yards away. This rare combination of VHR permit, commercial zoning, and prime location makes this a must-see for investors and vacation home buyers alike. Endless possibilities await!

Listed by Doris Irwin — Compass

Listing Details

Status Active
MLS # 142743
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $757

Property History

Apr 19, 2026
Listed for sale
$689,999
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 912
Lot Size 0.20 acres
Stories 1
Year Built 1976
Property Type Single Family Residence
Style Contemporary
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023373002000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
Construction Wood Siding
Roof Composition
Utilities & Systems
Heating Fireplace
Cooling Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
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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 — 2126 Helen Ave Avenue, South Lake Tahoe

Est. Annual Revenue
$31,107
Avg Nightly Rate
$270
Projected Occupancy
32.7%
Cap Rate
1.8%
Structural Score: 52 / 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% ($138,000)
Home price
$689,999
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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