$499,000 Active Under Contract
1160 Herbert Avenue #A
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.
3 Beds
·
2.0 Baths
·
1,161 Sq Ft

About This Property

This updated South Lake Tahoe getaway is ready to enjoy! 1160 Herbert Ave #A blends mountain charm with modern comfort, making it the perfect full-time home, vacation retreat, or investment opportunity. Ideally located near Heavenly, beaches, dining, and year-round adventure, this turnkey condo offers the best of Tahoe living in one convenient location.

Listed by Bailey Hooten — Compass

Listing Details

Status Active Under Contract
MLS # 142959
Days on Market 94
Sold Date 1800-01-01
Price/Sq Ft $430

Property History

May 22, 2026
Listed for sale
$499,000
Aug 11, 2026
Pending
$499,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2020 · county record $289,000 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 2.0
Sq. Ft. 1,161
Year Built 1964
Property Type Condominium
Style Chalet
Subdivision Bijou Park
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025701027000
Exterior & Lot
Exterior Features Spa/Hot Tub, Storage Shed, Bear-Proof Trash Can
Lot Features Cul-De-Sac
Pool & Spa
Pool In Ground Pool
Utilities & Systems
Heating Forced Air
Financial
HOA Fee $700 / Monthly
HOA & Community
Community Amenities Pool, Spa, Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
49
PROJECTED GROSS ANNUAL REVENUE
$30K – $53K typically ~$36,802
~$3,067 per month
Avg Nightly
$185
Occupancy
54%
Cap Rate
3.0%

STR Investment Summary — 1160 Herbert Avenue #A, South Lake Tahoe

Est. Gross Annual Revenue
$30K – $53K
typically ~$36,802
Avg Nightly Rate
$185
Projected Occupancy
54.5%
Cap Rate
3.0%
Structural Score: 49 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,162 sq ft covered of 349 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,162 sq ft
Allowed Coverage
349 sq ft · 30%
Existing Coverage
1,162 sq ft · 100%
Addable Coverage
0 sq ft
Existing Units
1

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% ($99,800)
Home price
$499,000
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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