$1,600,000 Pending
3716 Pioneer Trail
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
11 Beds
·
5,716 Sq Ft
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About This Property

Centrally located 6-unit apartment building in South Lake Tahoe, The Lazy Bear Apartments offers an exceptional investment opportunity. This well-maintained 6-plex boasts a proven record of low vacancy, providing reliable income and strong performance potential in the thriving Tahoe rental market. Its prime position is a significant draw for renters, situated just minutes from the Heavenly Village and Heavenly Ski Resort, making it a highly desired year-round location with easy access to all local amenities, dining, and transportation. The building features five 2-bedroom/1-bathroom units and one studio, complemented by four additional storage/parking garages. Tenants appreciate the unit features, which include newer appliances, gas stoves, washer/dryer hookups, and a desirable open living concept.

Listed by Jarred Uppendahl — Realty World Lake Tahoe

Listing Details

Status Pending
MLS # 142631
Days on Market 151
Sold Date 1800-01-01
Price/Sq Ft $280

Property History

Mar 26, 2026
Listed for sale
$1,600,000
Jul 11, 2026
Pending
$1,600,000
Property Overview
Beds 11
Sq. Ft. 5,716
Lot Size 0.26 acres
Year Built 1964
Property Type MLF
Subdivision Markofer
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 028041006000
Parking
Total Parking 8
Parking Features 8.00
Exterior & Lot
Exterior Features Patio/Balcony
Construction Wood Frame,Wood Siding
Roof Flat
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
Financial
HOA / Community South Tahoe Association of Realtors
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
8,095 sq ft covered of 2,649 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,594 sq ft
Allowed Coverage
2,649 sq ft · 25%
Existing Coverage
8,095 sq ft · 76%
Addable Coverage
0 sq ft
Existing Units
6

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 ↗

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% ($320,000)
Home price
$1,600,000
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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