$459,000
Active
654 Tehama Drive
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.
2
Beds
·
1.5
Baths
·
851
Sq Ft
About This Property
Located on a Beautiful County Lot! This single-story 2-bedroom, 1.5-bath home sits on a generous 10,454 sq ft fully fenced lot, offering endless potential. A slider off the dining area opens to a large back deck and expansive yard ideal for gardening, entertaining, or future additions. Nestled on a quiet, desirable street with miles of hiking and biking trails, this is a perfect opportunity for first-time buyers or handy homeowners looking to build equity and make it their own.
Listed by Pamela Belli — Coldwell Banker Select - LTB
Listing Details
Status
Active
MLS #
141923
Days on Market
296
Sold Date
1800-01-01
Price/Sq Ft
$539
Property History
Jul 10, 2025
Listed for sale
$459,000
Property Overview
Beds
2
Baths
1.5
Sq. Ft.
851
Lot Size
0.24 acres
Year Built
1961
Property Type
Single Family Residence
Style
Ranch
Subdivision
Unavail
County
El Dorado
STR Jurisdiction
El Dorado County
APN
033835002000
Exterior & Lot
View
Forest
Construction
Wood Frame
Roof
Pitched, Composition
Foundation
Concrete/Crawl Space
Utilities & Systems
Heating
Natural Gas, Wall or Space Heater
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 — 654 Tehama Drive, South Lake Tahoe
Est. Annual Revenue
$41,645
Avg Nightly Rate
$250
Projected Occupancy
43.6%
Cap Rate
3.6%
Structural Score: 43 / 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% ($91,800)
Home price
$459,000
Loan details
30-yr fixed, 6.5%
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