$1,148,000 $1,188,000 ↓ $40,000 reduced Active
842 San Francisco Avenue
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
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.
4 Beds
·
2.5 Baths
·
2,382 Sq Ft
Virtual Tour

About This Property

Built in 2022 and located in the desirable Al Tahoe neighborhood, 842 San Francisco Avenue offers the perfect blend of modern construction, convenience, and investment potential. Situated within the City of South Lake Tahoe, this property is eligible for a short-term rental permit and is just minutes from Regan Beach, the El Dorado Beach boat launch, shopping, dining, and Heavenly Ski Resort.Designed with a bright and open floor plan, this impressive home features tall ceilings, oversized 8-foot doors, and abundant natural light throughout. The spacious upstairs living area is ideal for both everyday living and entertaining, offering durable laminate flooring, vaulted ceilings, and a cozy gas fireplace that serves as the focal point of the great room.The chef's kitchen is the centerpiece of the home, featuring a built-in 48-inch refrigerator, stainless steel appliances, a six-burner commercial-grade gas range, granite slab countertops, an oversized island, a dedicated workstation, and ample cabinet and counter space for preparing meals and gathering with family and friends.The upstairs primary suite provides a private retreat with a walk-in closet and a beautifully appointed en-suite bathroom featuring custom tile work and a dual-sink vanity. A convenient laundry room with built-in cabinetry is also located on the upper level. Step outside to the spacious composite rear deck, which overlooks the fenced backyard and provides easy access via an exterior staircase.Downstairs, you'll find three additional guest bedrooms, a full bathroom, and a thoughtfully designed pet wash stationperfect for cleaning up after a day at the lake, on the trails, or on the ski slopes.With four bedrooms, 2.5 bathrooms, a two-car garage, modern finishes throughout, short-term rental eligibility, and an unbeatable in-town location, this turnkey home offers an exceptional opportunity as a primary residence, second home, or vacation rental investment.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143025
Days on Market 81
Sold Date 1800-01-01
Price/Sq Ft $482

Property History

Jun 16, 2026
Listed for sale
$1,188,000
Aug 12, 2026
Price reduced
$1,148,000 $1,188,000 ↓ $40,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2017 · 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.

Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,382
Lot Size 0.14 acres
Year Built 2022
Property Type Single Family Residence
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026102010000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Construction Wood Frame
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Luxury
75
PROJECTED GROSS ANNUAL REVENUE
$35K – $85K typically ~$55,000
~$4,583 per month
Avg Nightly
$311
Occupancy
48%
Cap Rate
1.9%

STR Investment Summary — 842 San Francisco Avenue, 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
$35K – $85K
typically ~$55,000
Avg Nightly Rate
$311
Projected Occupancy
48.4%
Cap Rate
1.9%
Structural Score: 75 / 100 (Luxury) · 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

Room to build
4 sq ft covered of 1,805 sq ft allowed
1,801 sq ft of coverage still available to add.
Parcel Size
6,016 sq ft
Allowed Coverage
1,805 sq ft · 30%
Existing Coverage
4 sq ft · 0%
Addable Coverage
1,801 sq ft
IPES Score
919.0
Land Capability · TRPA-verified
IPES
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.

TRPA parcel fact sheet ↗

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% ($229,600)
Home price
$1,148,000
Loan details
30-yr fixed, 6.5%
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