$1,595,000 Closed
962 Modesto Avenue
South Lake Tahoe, CA 96150
SOLD 2026-05-01
Sold for $1,445,000 (listed at $1,595,000)
5 Beds
·
3.0 Baths
·
2,817 Sq Ft

About This Property

An incredible investment opportunity in the heart of South Lake Tahoe! With two separate living quarters, this custom home sits in the Al Tahoe neighborhood where you can walk just a few blocks to the beach, many restaurants and shops or hop on the bike path to get around town. Upstairs is the main living quarters with a beautiful kitchen, large living space with vaulted ceilings and a deck out back with a hot tub and easy access to the fenced and landscaped backyard, three bedrooms, including a spacious primary suite, a full bath and laundry. Downstairs is a separate lock-off unit with access inside and outside of the home that has been used by the current owner as a great source of income. This space has a living room, kitchen (minus a stove), two bedrooms, a full bathroom, its own laundry and side yard. Other features include stunning Brazilian cherry wood floors, two fireplaces, furnaces and water heaters, an oversized two car garage, security cameras around the home and it's a smart house that can be controlled from anywhere - including heat tape, doors, lights, etc. Just minutes to world-class-skiing, the casinos and all that South Shore has to offer - with so many possibilities, this is the home you've been waiting for!

Listed by Chris Hernandez — Compass

Listing Details

Status Closed
MLS # 142637
Sold Date 2026-05-01
Sold Price $1,445,000
Price/Sq Ft $566

Property History

Mar 27, 2026
Listed for sale
$1,595,000
Current
Sold
$1,595,000
Property Overview
Beds 5
Baths 3.0
Sq. Ft. 2,817
Lot Size 0.17 acres
Year Built 2010
Property Type Single Family Residence
Style Split Level
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026114020000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub,Bear-Proof Trash Can
View Mountains
Construction Wood Frame
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors

STR Investment Summary — 962 Modesto Avenue, South Lake Tahoe

Est. Annual Revenue
$67,448
Avg Nightly Rate
$799
Projected Occupancy
23.1%
Cap Rate
1.7%
Structural Score: 74 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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