$698,000 Pending
2233 Washington 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.
4 Beds
·
1,742 Sq Ft
Virtual Tour

About This Property

Updated Tahoe Island Drive duplex turnkey investment or owner-occupier opportunity. Recent exterior paint and a newer roof complement ample off-street parking and modern finishes throughout. Each unit offers 2 beds and 1 bath with clean, contemporary interiors: tile flooring, recessed lighting, and an open wood-burning fireplace. Kitchens feature updated cabinetry, solid-surface counters, and stainless appliances; baths include modern fixtures, stall showers, and stackable laundry.The rear unit is tastefully furnished and includes a private fenced backyard backing to a Conservancy parcel, making it move-in or rental ready. The front unit is occupied by a long-term tenant, providing immediate income. Convenient to shopping, dining, the lake, and miles of bike trails to Pope Beach, Camp Richardson, and Fallen Leaf Lake ideal for investors or owners who want to live in one unit and rent the other.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Pending
MLS # 142739
Days on Market 37
Sold Date 1800-01-01
Price/Sq Ft $401

Property History

Apr 29, 2026
Listed for sale
$698,000
Current
Pending
$698,000
Property Overview
Beds 4
Sq. Ft. 1,742
Lot Size 0.15 acres
Year Built 1961
Property Type Duplex
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023686003000
Parking
Total Parking 6
Parking Features 6.00
Exterior & Lot
Construction Wood Frame
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
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 — 2233 Washington Avenue, South Lake Tahoe

Est. Annual Revenue
$49,364
Avg Nightly Rate
$377
Projected Occupancy
35.7%
Cap Rate
2.8%
Structural Score: 49 / 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
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% ($139,600)
Home price
$698,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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