$925,000 Active
791 Cholula Street
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
3 Beds
·
2.5 Baths
·
1,640 Sq Ft

About This Property

Tucked away in a highly sought after and peaceful South Lake Tahoe neighborhood, this beautifully maintained home at 791 Cholula St offers the perfect blend of comfort, functionality, and thoughtful updates. With over 20 recent upgrades in the last 6 years, this move-in ready home has been extensively improved for both style and peace of mind. Major improvements include a new roof, furnace, washer and dryer, bathrooms, refurbished decks, as well as gutters and heat tape. There is fresh interior paint throughout, along with new blinds and updated light fixtures in every room to create a welcoming environment. The complete kitchen remodel features spot lights, under counter lighting, high end appliances, and a gorgeous farmhouse sink to tie it all together! The inviting interior features a bright and refreshed feel with modern finishes, while the outdoor space on over half an acre is designed to enjoy Tahoe's mountain setting year-round. Whether you're looking for a full-time residence, vacation retreat, or investment opportunity, this property delivers exceptional value with extensive improvements already completed.

Listed by Kilinoe Rahbeck — KOR Realty, Inc.

Listing Details

Status Active
MLS # 142905
Sold Date 1800-01-01
Price/Sq Ft $564

Property History

May 15, 2026
Listed for sale
$925,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,640
Lot Size 0.52 acres
Stories 2
Year Built 1976
Property Type Single Family Residence
Style Other/See Remarks
Subdivision Tahoe Paradise 19
County El Dorado
STR Jurisdiction El Dorado County
APN 034584016000
Parking
Garage Spaces 1
Parking Features 1.00
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub,Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame,Wood Siding
Roof Composition
Foundation Concrete/Crawl Space,Slab
Utilities & Systems
Heating Forced Air
Cooling Forced Air
Financial
Annual Tax $6,541
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 — 791 Cholula Street, South Lake Tahoe

Est. Annual Revenue
$44,435
Avg Nightly Rate
$400
Projected Occupancy
32.0%
Cap Rate
1.9%
Structural Score: 53 / 100 (Standard) · STR Zone: Red

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% ($185,000)
Home price
$925,000
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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