$6,500,000
2255 West Lake Boulevard
Tahoe City, CA 96145
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
3 Beds
·
4.0 Baths
·
4,512 Sq Ft

About This Property

Most recently known as the Black Bear Tavern, 2255 Westlake is an Iconic Tahoe location beautifully constructed with localpine logs and stone. The history on file dates back to 1932 when construction began, the building has been a home and a restaurant. It currently has a one bedroom studio apartment with a private entrance and current STR permit. The commercial kitchen is still in place and can be converted into a gourmet kitchen for a single family home. There is also an additional small kitchenette is located in the southern section of the building. Three large rooms once used as a bar and two dining rooms are now used as comfortable living and working areas, all three with classic stone fireplaces.

Listed by Kristina Mattson — Chase International - TC

Listing Details

Status Active
MLS # 20250478
Days on Market 365
Price/Sq Ft $1,441

Property History

Apr 02, 2025
Listed for sale
$6,500,000
Property Overview
Beds 3
Baths 4.0
Sq. Ft. 4,512
Lot Size 1.00 acres
Stories 2
Year Built 1936
Property Type Single Family Residence
Style Old Tahoe
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 084-110-019-00
Parking
Parking Features None
📊

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 — 2255 West Lake Boulevard, Tahoe City

Est. Annual Revenue
$211,653
Avg Nightly Rate
$1809
Projected Occupancy
32.0%
Cap Rate
1.3%
Structural Score: 51 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Tahoe City. 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% ($1,300,000)
Home price
$6,500,000
Loan details
30-yr fixed, 6.5%
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Email 9166671444

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