$836,000 $846,000 ↓ $10,000 reduced Active
3695 Primrose Road
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.
5 Beds
·
2,116 Sq Ft

About This Property

Spacious and newly updated duplex in the sought-after Stateline area, just minutes from Heavenly Ski Resort and Stateline's dining, shopping, and entertainment. This well-maintained investment property generates a monthly income of $6,300.The upper unit features a generous 3-bedroom, 2-bath layout with an expansive living room and open dining/kitchen area, ideal for comfortable living or hosting. The lower unit includes 2 bedrooms, 1 bath, and a single-car garage with laundry hookups. Both units are in good condition.Set well back from the street, the home offers a long, oversized driveway providing ample parking. Recent upgrades include a new roof, flooring, paint, kitchens, and bathrooms. Both units enjoy cozy open fireplaces, adding a touch of mountain charm to this exceptional income property.

Listed by Lloyd Aronoff — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 142233
Days on Market 294
Sold Date 1800-01-01
Price/Sq Ft $395

Property History

Sep 29, 2025
Listed for sale
$836,000
Property Overview
Beds 5
Sq. Ft. 2,116
Lot Size 0.11 acres
Year Built 1962
Property Type Duplex
Subdivision Pinewood Terrace
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 029371008000
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof Composition, Shingle
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Cooling Other/See Remarks
Financial
Annual Tax $7,276
📊

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 — 3695 Primrose Road, South Lake Tahoe

Est. Annual Revenue
$67,078
Avg Nightly Rate
$381
Projected Occupancy
48.3%
Cap Rate
3.2%
Structural Score: 57 / 100 (Premium) · 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
3,605 sq ft covered of 1,500 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
4,999 sq ft
Allowed Coverage
1,500 sq ft · 30%
Existing Coverage
3,605 sq ft · 72%
Addable Coverage
0 sq ft
Existing Units
2

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.

Verify on Tahoe Info ↗

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% ($167,200)
Home price
$836,000
Loan details
30-yr fixed, 6.5%
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