$474,000
654 Tehama Drive
South Lake Tahoe, CA 96150
✗ STR Not Currently Allowed — Waitlist
El Dorado County has paused new STR permits. A waitlist is in place — no new permits are being issued at this time.
2
Beds
·
1.5
Baths
·
851
Sq Ft
About This Property
Located on a Beautiful County Lot! This single-story 2-bedroom, 1.5-bath home sits on a generous 10,454 sq ft fully fenced lot, offering endless potential. A slider off the dining area opens to a large back deck and expansive yard ideal for gardening, entertaining, or future additions. Nestled on a quiet, desirable street with miles of hiking and biking trails, this is a perfect opportunity for first-time buyers or handy homeowners looking to build equity and make it their own.
Listed by Pamela Belli — Coldwell Banker Select - LTB
Listing Details
Status
Active
MLS #
141923
Days on Market
261
Sold Date
1800-01-01
Price/Sq Ft
$557
Property History
Jul 04, 2025
Listed for sale
$474,000
Property Overview
Beds
2
Baths
1.5
Sq. Ft.
851
Lot Size
0.24 acres
Stories
1
Year Built
1961
Property Type
Single Family Residence
Style
Ranch
Subdivision
Unavail
County
El Dorado
STR Jurisdiction
El Dorado County
APN
033835002000
Parking
Parking Features
0.00
Exterior & Lot
View
Forest
Construction
Wood Frame
Roof
Pitched,Composition
Foundation
Concrete/Crawl Space
Utilities & Systems
Heating
Natural Gas,Wall or Space Heater
Cooling
Natural Gas,Wall or Space Heater
Financial
HOA / Community
South Tahoe Association of Realtors
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 — 654 Tehama Drive, South Lake Tahoe
Est. Annual Revenue
$41,645
Avg Nightly Rate
$250
Projected Occupancy
43.6%
Cap Rate
3.5%
Structural Score: 43 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($94,800)
Home price
$474,000
Loan details
30-yr fixed, 6.5%
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