$899,000 $925,000 ↓ $26,000 reduced Active
791 Cholula 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.
3 Beds
·
2.5 Baths
·
1,640 Sq Ft

About This Property

Tucked away in a highly sought after and peaceful South Lake Tahoe neighborhood, just minutes from Tahoe Paradise Park and Lake Baron, this beautifully maintained home offers the perfect blend of comfort, functionality, and thoughtful updates. With over 20 recent upgrades in the last 6 years, this move-in ready home has been extensively improved for both style and peace of mind. Major improvements include a new roof, furnace, washer and dryer, bathrooms, refurbished decks, as well as gutters and heat tape. There is fresh interior paint throughout, along with new blinds and updated light fixtures in every room to create a welcoming environment. The complete kitchen remodel features spot lights, under counter lighting, high end appliances, and a gorgeous farmhouse sink to tie it all together! The inviting interior features a bright and refreshed feel with modern finishes, while the outdoor space on over half an acre is designed to enjoy Tahoe's mountain setting year-round. Whether you're looking for a full-time residence, vacation retreat, or investment opportunity, this property delivers exceptional value with extensive improvements already completed.

Listed by Kilinoe Rahbeck — KOR Realty, Inc.

Listing Details

Status Active
MLS # 142905
Days on Market 72
Sold Date 1800-01-01
Price/Sq Ft $548

Property History

May 15, 2026
Listed for sale
$899,000
Jun 26, 2026
Price changed
$899,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2019 · county record $542,500 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,640
Lot Size 0.52 acres
Year Built 1976
Property Type Single Family Residence
Style Other/See Remarks
Subdivision Tahoe Paradise 19
County El Dorado
STR Jurisdiction El Dorado County
APN 034584016000
Parking
Garage Spaces 1
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space, Slab
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $6,541
📊

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 — 791 Cholula Street, South Lake Tahoe

Est. Annual Revenue
$44,435
Avg Nightly Rate
$244
Projected Occupancy
49.8%
Cap Rate
2.0%
Structural Score: 53 / 100 (Standard) · STR Zone: Red

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,788 sq ft covered of 4,220 sq ft allowed
2,432 sq ft of coverage still available to add.
Parcel Size
22,603 sq ft
Allowed Coverage
4,220 sq ft · 19%
Existing Coverage
1,788 sq ft · 8%
Addable Coverage
2,432 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($179,800)
Home price
$899,000
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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