$769,000 Active Under Contract
2282 Blitzen Road
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.
4 Beds
·
2,128 Sq Ft

About This Property

Welcome to this beautifully renovated duplex in the heart of Christmas Valley, where modern upgrades meet classic mountain charm in a quiet, scenic setting. With over $200,000 invested, this property has been thoughtfully taken down to the studs, completed with asbestos clearance, and rebuilt to offer comfort, efficiency, and style in every detail.Each unit features a functional and spacious layout with two bedrooms and a full bathroom upstairs, along with a convenient half bathroom and separate laundry room downstairs. Both units enjoy their own carport and separate private fenced yardsperfect for relaxing, entertaining, or enjoying the peaceful Tahoe setting. A large shared balcony, approximately 400 square feet, provides additional outdoor space to take in the surrounding mountain air.Interior upgrades include recessed lighting throughout, tankless water heaters, and premium Napoleon wood-burning fireplaces with blowers, creating a warm and inviting atmosphere year-round.Unit A showcases granite stone flooring in the kitchen, alder-finished cabinetry, a scraped-look wood laminate living area, and plush carpeting upstairs for added comfort. This unit has been occupied by a long-term tenant who has taken great care of the property.Unit B offers a high-end contemporary finish, including alder cabinets with granite countertops, a gas range, and stainless steel appliances. Improvements include a new fence (2025), luxurious plush carpeting, and smart home features such as Nest Protects and a Nest thermostat. Enjoy the added comfort of heated tile flooring downstairs with a WiFi thermostat, and a separately controlled heated upstairs tile floor in the bath. The Unit B side also includes two storage sheds, adding valuable extra space.Whether you're looking for an investment opportunity, a multi-generational retreat, or a primary residence with rental potential, this turnkey duplex delivers exceptional versatility in one of South Lake Tahoe's most desirable neighborhoods, with a close drive to Sierra-at-Tahoe Resort.

Listed by Amir Sepahmansour — Sepah Real Estate

Listing Details

Status Active Under Contract
MLS # 143192
Days on Market 15
Sold Date 1800-01-01
Price/Sq Ft $361

Property History

Jul 11, 2026
Listed for sale
$769,000
Jul 22, 2026
Pending
$769,000
Property Overview
Beds 4
Sq. Ft. 2,128
Lot Size 0.19 acres
Year Built 1975
Property Type Duplex
Subdivision Tahoe Paradise 52
County El Dorado
STR Jurisdiction El Dorado County
APN 035233003000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed, Patio/Balcony
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Radiant Heat-Ceiling, Radiant Heat-Floor, Other/See Remarks
Cooling Other/See Remarks
📊

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 — 2282 Blitzen Road, South Lake Tahoe

Est. Annual Revenue
$48,517
Avg Nightly Rate
$277
Projected Occupancy
48.0%
Cap Rate
2.5%
Structural Score: 51 / 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

Over coverage limit
3,268 sq ft covered of 2,002 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
8,009 sq ft
Allowed Coverage
2,002 sq ft · 25%
Existing Coverage
3,268 sq ft · 41%
Addable Coverage
0 sq ft
Existing Units
2

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% ($153,800)
Home price
$769,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

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

Send a Message

Or call directly: (530) 317-0373