$1,099,950 $1,319,950 ↓ $220,000 reduced Pending
896 Lakeview Avenue #C
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.
6 Beds
·
2,980 Sq Ft

About This Property

This well-located triplex in South Lake Tahoe offers an outstanding opportunity for both investors and owner-occupants seeking strong, consistent rental income. Each of the 3 updated units features 2 bedrooms and 2 bathrooms with approximately 1000sf. Ideally positioned just 300 feet from the waterfront, tenants and owners can enjoy an easy walk to the shores of Lake Tahoe! The property also boasts charming peek-a-boo views of Lake Tahoe, enhancing its year-round appeal. With a flexible layout perfect for maximizing cash flow or house-hacking, this triplex caters to a wide range of buyers. This is a rare chance to own a turn-key, income-producing property in one of Tahoe's most desirable and walkable locations!

Listed by Jay Frost — Livermore Valley Real Estate, Inc.

Listing Details

Status Pending
MLS # 142858
Days on Market 131
Sold Date 1800-01-01
Price/Sq Ft $369

Property History

May 05, 2026
Listed for sale
$1,319,950
Aug 09, 2026
Price reduced
$1,199,950 $1,319,950 ↓ $120,000
Aug 11, 2026
Price reduced
$1,099,950 $1,199,950 ↓ $100,000
Sep 10, 2026
Pending
$1,099,950
Property Overview
Beds 6
Sq. Ft. 2,980
Lot Size 0.12 acres
Year Built 1974
Property Type Triplex
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026044011000
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Siding
Roof Flat
Foundation Slab
Utilities & Systems
Heating Wall or Space Heater
Cooling Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
46
PROJECTED GROSS ANNUAL REVENUE
$35K – $70K typically ~$50,000
~$4,167 per month
Avg Nightly
$304
Occupancy
45%
Cap Rate
1.8%

STR Investment Summary — 896 Lakeview Avenue #C, 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 – $70K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
1.8%
Structural Score: 46 / 100 (Standard) · 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.

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% ($219,990)
Home price
$1,099,950
Loan details
30-yr fixed, 6.5%
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