$990,000 Active
3814 Paradise Avenue
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
6 Beds
·
1,986 Sq Ft

About This Property

Incredible investment property in a prime location, nestled between the lake and Heavenly and just a short distance from the Stateline corridor. This duplex offers 3 bedrooms, 2 bathrooms, and a dedicated garage for each unitperfect for the winter months. Both units are currently occupied for instant revenue and they both feature thoughtful updates and upgrades, including removed wood paneling, new sheetrock, fresh texture and paint, new LVF flooring, updated baseboards, new windows and trim, fully remodeled kitchens and bathrooms, new appliances and water heaters, new doors and window treatments, an exterior front-door overhang, and fresh exterior paint. If you are looking to purchase a property on which you can live on one side and with a full-time tenant in the other unit, this is a perfect opportunity to supplement your mortgage.

Listed by Jill Moffett — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143479
Days on Market 4
Sold Date 1800-01-01
Price/Sq Ft $498

Property History

Sep 16, 2026
Listed for sale
$990,000
Property Overview
Beds 6
Sq. Ft. 1,986
Lot Size 0.14 acres
Year Built 1959
Property Type Duplex
Subdivision Lakeview Pines
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027085001000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Exterior Features Other/See Remarks
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Cooling None
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
57
PROJECTED GROSS ANNUAL REVENUE
$50K – $115K typically ~$70,000
~$5,833 per month
Avg Nightly
$403
Occupancy
48%
Cap Rate
2.8%

STR Investment Summary — 3814 Paradise Avenue, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$50K – $115K
typically ~$70,000
Avg Nightly Rate
$403
Projected Occupancy
47.6%
Cap Rate
2.8%
Structural Score: 57 / 100 (Premium) · STR Zone: Red

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
1,351 sq ft covered of 50 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,019 sq ft
Allowed Coverage
50 sq ft · 1%
Existing Coverage
1,351 sq ft · 27%
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. 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% ($198,000)
Home price
$990,000
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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