$998,000 Active
1238 Tokochi Street
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.
5 Beds
·
3.5 Baths
·
2,538 Sq Ft

About This Property

Completely remodeled in 2015, this rustic mountain style home is located only 6 short miles to Heavenly ski resort, the lake/beach areas and adjacent to the Lake Tahoe forest. Step right out your door to miles and miles of natural forest that has some of the best hiking and biking tahoe has to offer. This full 2015 remodel was taken down to the studs and included a new roof, windows, & heating. Looks and feels like a newer construction house. Large 2,538 sq. ft., 5 bedroom, 3 1/2 bath, open floor plan features a great room with vaulted open beam wood ceilings, a wood burning fireplace with ledge rock & bookcase. Kitchen features knotty alder cabinets & stainless steel appliances. Two primary suites and game room with fireplace, wet bar & pool table. The outdoor living area has 3 decks, and fenced area with 6 person hot tub & BBQ area. Other features include cedar siding, hickory floors, knotty alder cabinets & doors, granite counter tops, and 4 car driveway. Best of all the house comes completely furnished and is turnkey ready for your summer enjoyment.

Listed by Brandon Yee — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142628
Days on Market 35
Sold Date 1800-01-01
Price/Sq Ft $393

Property History

Mar 25, 2026
Listed for sale
$998,000
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 2,538
Lot Size 0.19 acres
Year Built 1975
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Paradise Addition 1
County El Dorado
STR Jurisdiction El Dorado County
APN 03364212100
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Mountains, Forest
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

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 — 1238 Tokochi Street, South Lake Tahoe

Est. Annual Revenue
$59,425
Avg Nightly Rate
$663
Projected Occupancy
24.9%
Cap Rate
2.4%
Structural Score: 60 / 100 (Premium) · 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% ($199,600)
Home price
$998,000
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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