$1,067,000 Active
764 Modesto 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, so availability varies. Verify current permit availability before counting on rental income.
3 Beds
·
2.5 Baths
·
2,286 Sq Ft

About This Property

Welcome to Al Tahoe, the most walkable neighborhood in South Lake Tahoe. This inviting mountain style home located at 764 Modesto Avenue is only six short blocks from Regan Beach. This beach, a favorite among locals and tourists, features a playground for the kids and a dog-friendly area where your four-legged companions can enjoy the Tahoe lifestyle too. Also enjoy summer evenings at Lakeview Commons, home to the popular free Thursday night concert series. The home's thoughtfully designed open-concept floor plan is highlighted by soaring vaulted ceilings that create a bright and airy living space. The spacious living room features a cozy fireplace and leads directly to a private deck, perfect for your morning coffee and evening outdoor dining. The large kitchen offers abundant cabinetry and counter space, a convenient breakfast bar for casual dining, and a large dining table area surrounded by windows to let in the Tahoe sunshine. The spacious 3-bedroom, 2.5-bath home offers 2,286 square feet of comfort including an additional living area on the lower level. This room has a sliding glass door that leads out to the fully fenced and level back yard. The seller has maintained the home well, its move in ready and comes furnished.Nature lovers will appreciate easy access to the scenic Truckee Marsh Meadow and beach pathways, offering breathtaking mountain views, wildlife sightings, and peaceful walks to the lake. Also, walk to Sprouts Cafe or Three Pines Coffee, enjoy live music at Rojos and shop at the local aritsan stores all within walking distance. During the winter months, world-class skiing and snowboarding await just 5 miles away at Heavenly Mountain Resort. Whether you're searching for a full-time residence, a mountain retreat, or an investment opportunity, 764 Modesto Avenue located in this highly desired location offers the perfect blend of comfort, convenience, and the unparalleled Lake Tahoe lifestyle.

Listed by Jennifer Fortune — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143053
Sold Date 1800-01-01
Price/Sq Ft $467

Property History

Jun 15, 2026
Listed for sale
$1,067,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,286
Lot Size 0.14 acres
Stories 2
Year Built 2004
Property Type Single Family Residence
Style Split Level
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026095005000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
View None
Construction Wood Frame,Wood Siding
Roof Composition,Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas,Fireplace
Cooling Forced Air,Natural Gas,Fireplace
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 — 764 Modesto Avenue, South Lake Tahoe

Est. Annual Revenue
$69,936
Avg Nightly Rate
$547
Projected Occupancy
34.7%
Cap Rate
2.6%
Structural Score: 59 / 100 (Premium) · 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
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% ($213,400)
Home price
$1,067,000
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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