$649,000 Active
3680 Aspen Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
3 Beds
·
2.0 Baths
·
1,250 Sq Ft

About This Property

Find the Right Property and Maximize the Return. Exceptional South Lake Tahoe Investment Opportunity!Located in one of South Lake Tahoe's most desirable vacation destinations, this property offers the location today's buyers are searching for. Just a short walk to the beach, restaurants, shopping, ski and boat rentals, and the shuttle to Heavenly Ski Resort, guests can enjoy year-round recreation without relying on a car.The fully fenced yard provides a private outdoor space for relaxing after a day on the lake or the slopes, while the towering pine trees create the authentic Tahoe Mountain experience visitors love. Whether it's summer boating, hiking, paddleboarding, or winter skiing and snowboarding, this location delivers four-season appeal.For buyers seeking a vacation home, mountain retreat, or an investment property in South Lake Tahoe, this home checks the boxes with its highly walkable location and easy access to Lake Tahoe's most popular attractions. Buyers interested in short-term vacation rental use should verify permit availability and current City of South Lake Tahoe regulations. This is a rare opportunity to own in one of Lake Tahoe's most sought-after visitor locations.

Listed by Shirley Russell — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143338
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $519

Property History

Aug 08, 2026
Listed for sale
$649,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2023 · county record $600,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,250
Lot Size 0.12 acres
Year Built 1952
Property Type Single Family Residence
Style Chalet
Subdivision Bijou Park
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027135023000
Parking
Parking Features RV Access/Parking
Exterior & Lot
Exterior Features Storage Shed
View None
Construction Wood Frame, Wood Siding
Roof Pitched, Metal
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas, Wall or Space Heater, Fireplace
Financial
Annual Tax $6,799
📊

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 — 3680 Aspen Avenue, South Lake Tahoe

Est. Annual Revenue
$39,205
Avg Nightly Rate
$205
Projected Occupancy
52.4%
Cap Rate
2.4%
Structural Score: 48 / 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

Over coverage limit
1,459 sq ft covered of 50 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
4,978 sq ft
Allowed Coverage
50 sq ft · 1%
Existing Coverage
1,459 sq ft · 29%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

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% ($129,800)
Home price
$649,000
Loan details
30-yr fixed, 6.5%
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