$769,888 Active
2282 Blitzen Road
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
4 Beds
·
2,128 Sq Ft

About This Property

Motivated Sellers have made a Significant Price Improvement. Priced to sell! Welcome to this beautifully renovated duplex in the heart of Christmas Valley, where modern upgrades meet classic mountain charm in a quiet, scenic setting. With over $200,000 invested, this property has been thoughtfully taken down to the studs, completed with asbestos clearance, and rebuilt to offer comfort, efficiency, and style in every detail.Each unit features a functional and spacious layout with two bedrooms and a full bathroom upstairs, along with a convenient half bathroom and separate laundry room downstairs. Both units enjoy their own carport and separate private fenced yardsperfect for relaxing, entertaining, or enjoying the peaceful Tahoe setting. A large shared balcony, approximately 400 square feet, provides additional outdoor space to take in the surrounding mountain air.Interior upgrades include recessed lighting throughout, tankless water heaters, and premium Napoleon wood-burning fireplaces with blowers, creating a warm and inviting atmosphere year-round.Unit A showcases granite stone flooring in the kitchen, alder-finished cabinetry, a scraped-look wood laminate living area, and plush carpeting upstairs for added comfort. This unit has been occupied by a long-term tenant who has taken great care of the property.Unit B offers a high-end contemporary finish, including alder cabinets with granite countertops, a gas range, and stainless steel appliances. Improvements include a new fence (2025), luxurious plush carpeting, and smart home features such as Nest Protects and a Nest thermostat. Enjoy the added comfort of heated tile flooring downstairs with a WiFi thermostat, and a separately controlled heated upstairs tile floor in the bath. The Unit B side also includes two storage sheds, adding valuable extra space.Whether you're looking for an investment opportunity, a multi-generational retreat, or a primary residence with rental potential, this turnkey duplex delivers exceptional versatility in one of South Lake Tahoe's most desirable neighborhoods, with a close drive to Sierra-at-Tahoe Resort.

Listed by Amir Sepahmansour — Sepah Real Estate

Listing Details

Status Active
MLS # 142694
Days on Market 51
Sold Date 1800-01-01
Price/Sq Ft $362

Property History

Apr 15, 2026
Listed for sale
$769,888
Property Overview
Beds 4
Sq. Ft. 2,128
Lot Size 0.19 acres
Year Built 1975
Property Type Duplex
Subdivision Tahoe Paradise 52
County El Dorado
STR Jurisdiction El Dorado County
APN 035233003000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Storage Shed,Patio/Balcony
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Radiant Heat-Ceiling,Radiant Heat-Floor,Other/See Remarks
Cooling Forced Air,Radiant Heat-Ceiling,Radiant Heat-Floor,Other/See Remarks
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 — 2282 Blitzen Road, South Lake Tahoe

Est. Annual Revenue
$48,276
Avg Nightly Rate
$483
Projected Occupancy
27.6%
Cap Rate
2.5%
Structural Score: 50 / 100 (Standard) · STR Zone: Red

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% ($153,978)
Home price
$769,888
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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