$736,000 $846,000 ↓ $110,000 reduced Active
3695 Primrose Road
South Lake Tahoe, CA 96150

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⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. 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.
5 Beds
·
2,116 Sq Ft

Our data on this home

Short-term rental income No projection Permit or HOA rules block it — see why TRPA land coverage Over the limit 3,605 of 1,500 sq ft used Home insurance $4,900 – $5,700/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Spacious and newly updated duplex in the sought-after Stateline area, just minutes from Heavenly Ski Resort and Stateline's dining, shopping, and entertainment. This well-maintained investment property generates a monthly income of $6,300.The upper unit features a generous 3-bedroom, 2-bath layout with an expansive living room and open dining/kitchen area, ideal for comfortable living or hosting. The lower unit includes 2 bedrooms, 1 bath, and a single-car garage with laundry hookups. Both units are in good condition.Set well back from the street, the home offers a long, oversized driveway providing ample parking. Recent upgrades include a new roof, flooring, paint, kitchens, and bathrooms. Both units enjoy cozy open fireplaces, adding a touch of mountain charm to this exceptional income property.

Listed by Lloyd Aronoff — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 142233
Days on Market 388
Price/Sq Ft $348

Property History

Sep 29, 2025
Listed for sale
$846,000
Sep 04, 2026
Price reduced
$736,000 $836,000 ↓ $100,000
Property Overview
Beds 5
Sq. Ft. 2,116
Lot Size 0.11 acres
Year Built 1962
Property Type Duplex
Subdivision Pinewood Terrace
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 029371008000
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof Composition, Shingle
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Cooling Other/See Remarks
Financial
Seller's Annual Tax $7,276
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
57
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.

STR Investment Summary — 3695 Primrose Road, 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.
Structural Score: 57 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,605 sq ft covered of 1,500 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
4,999 sq ft
Allowed Coverage
1,500 sq ft · 30%
Existing Coverage
3,605 sq ft · 72%
Addable Coverage
0 sq ft
Existing Units
2

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 ↗ How the Basin compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$4,900 – $5,700/yr
about $442/mo
Est. Rebuild Cost (Coverage A)
$888,720
FAIR Plan (fire)
$4,100/yr
DIC wrap (theft, water, liability)
$800 – $1,600/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$4,835 per month
Principal & interest
$3,722/mo
Property taxes
$671/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price. The $7,276 on this listing is the seller's bill.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$442/mo
CA FAIR Plan + DIC estimate, ~$4,900–$5,700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($147,200)
Home price
$736,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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