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It sold for $1,500,000 on 2026-05-26, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.
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About This Property
Four rentable units, one unbeatable location. This South Lake Tahoe income property sits blocks from Lake Tahoe, Heavenly Village, and the Gondola, the kind of address that keeps calendars full year-round. The property is also located within the Tourist Core Area Plan (TCAP).A cozy cottage plus a triplex gives you four independent income streams and real flexibility as an owner. The numbers back it up: the property has averaged around $150K in gross rental income annually over the past three years, with a cap rate approaching 6% at the asking price.Capital improvements since 2020 include: a new roof, full driveway replacement, electrical panel upgrade, foundation work, exterior paint, and more. The heavy lifting is done. A reliable maintenance team is already in place, so day-one operations are seamless. Full financials, disclosures, survey, and due diligence materials available upon request.A TRPA full site assessment has already been completed to help verify land capability and coverage, an added due diligence benefit for buyers. The property also enjoys additional privacy thanks to a neighboring California Tahoe Conservancy lot to the right.The purchase includes a transferable Lakeside Beach Club membership, a coveted perk that adds genuine lifestyle value for owners and guests alike. For investors exploring Real Estate Professional Status (REPS), this property's documented income history and professional management setup make it a compelling candidate for that conversation with your CPA.Tahoe demand is real, the income is proven, and the upgrades are solid. Hard to find all three in the same deal.
Listing Details
Property History
STR Investment Summary — 4085 Manzanita Avenue #1-4, South Lake Tahoe
Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.
Home Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.
See it in the monthly payment Tahoe wildfire insurance costs
