$1,595,000
962 Modesto Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
5 Beds
·
3.0 Baths
·
2,817 Sq Ft
·
7405 Lot

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 Active
MLS # 142637
Sold Date 1800-01-01
Price/Sq Ft $566

Property History

Mar 27, 2026
Listed for sale
$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
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
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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 ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

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% ($319,000)
Home price
$1,595,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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