City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
2Beds
·
2.0Baths
·
1,361Sq Ft
About This Property
Welcome to 838 Clement Street, a charming South Lake Tahoe property on a large, usable lot featuring an oversized two-car garage, separate standalone ADU, garage office/workshop, RV parking, long driveway, and abundant storage for all your Tahoe gear and projects. The main home offers 2 bedrooms, 2 bathrooms, and a dedicated office.The garage office/workshop provides flexible space for a home office, hobby room, studio, or storage, while the standalone ADU is ideal for guests, extended family, a private retreat, or potential rental income. RV parking and ample driveway space accommodate boats, trailers, and recreational vehicles.Enjoy the fenced backyard and relax on the covered front porch with swing. With plenty of storage and versatile spaces throughout, this property is ready for full-time living, a Tahoe getaway, or your next adventure.
Listed by Kimberly Williams — Coldwell Banker Select Real Estate - Round Hill
Listing Details
StatusActive
MLS #143484
Days on Market6
Sold Date1800-01-01
Price/Sq Ft$514
Property History
Sep 14, 2026
Listed for sale
$699,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Jul 1998
· county record
$80,000
Deed record — brokerage sides not reported
MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Red Zone
STRUCTURAL SCOREPremium
61
PROJECTED GROSS ANNUAL REVENUE
$25K – $60Ktypically ~$40,000
~$3,333 per month
Avg Nightly
$207
Occupancy
53%
Cap Rate
2.3%
STR Investment Analysis
STRUCTURAL SCORE
PROJECTED GROSS ANNUAL REVENUE
Avg Nightly
Occupancy
Cap Rate
Est. NOI
Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.
We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.
NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.
Legal Occupancy
MONTHLY REVENUE
AVERAGE DAILY RATE
ADJUSTED OCCUPANCY
Estimates based on 2024-2025 comparable rental performance. Actual results vary.
STR Investment Summary — 838 Clement Street, South Lake Tahoe
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$25K – $60K
typically ~$40,000
Avg Nightly Rate
$207
Projected Occupancy
52.9%
Cap Rate
2.3%
Structural Score: 61 / 100 (Premium)
· STR Zone: Red
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.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
Over coverage limit
1,783 sq ft coveredof 507 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,139 sq ft
Allowed Coverage
507 sq ft · 5%
Existing Coverage
1,783 sq ft · 18%
Addable Coverage
0 sq ft
Existing Units
1
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
Using estimated land ratio. Actual ratio may vary based on county assessment.
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
How Cost Segregation Works:
Cost segregation reclassifies building components into shorter depreciation categories, allowing accelerated deductions.
Calculation:
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.
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Listing and property information shown here is supplied by the MLS and other outside sources, including county assessor, TRPA and short-term-rental permit records. All information is deemed reliable but not guaranteed, is provided for consumers' personal, non-commercial use, and should be independently verified. Square footage, lot size, zoning, rental eligibility and permit status are approximate and subject to change.
