$687,000 $715,000 ↓ $28,000 reduced Active
840 Modesto Avenue #1
South Lake Tahoe, CA 96150

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⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. 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.
4 Beds
·
1,212 Sq Ft

Our data on this home

Short-term rental income No projection Permit or HOA rules block it — see why TRPA land coverage Over the limit 2,709 of 1,802 sq ft used Home insurance $2,900 – $3,400/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Recently updated South Lake Tahoe duplex with 4 bedrooms, 2 bathrooms, and 1,212 square feet of living space. Both units have been thoughtfully updated with new stainless steel appliances, gas stoves, soft-close cabinetry, new LVT flooring, and new washers and dryers. Ceiling fans are installed throughout, and the property is equipped with a Ring security system for added convenience and peace of mind. Apartment one also features a new furnace and hot water heater. Each unit offers its own rear deck, providing dedicated outdoor space, while the two-car garage provides covered parking and additional storage. The property comes fully furnished and has an excellent rental history, making it an appealing opportunity for both investors and those looking for a Tahoe property with income potential. The adjacent vacant lot is owned by the Tahoe Conservancy. Conveniently located within walking distance of Reagan Beach, shopping, and restaurants, with Heavenly Ski Resort just minutes away. This property offers immediate usability, established rental potential, and a prime South Lake Tahoe location. Come see it today!

Listed by Jackie Arthur — Compass

Listing Details

Status Active
MLS # 143556
Days on Market 17
Price/Sq Ft $567

Property History

Oct 05, 2026
Listed for sale
$715,000
Oct 21, 2026
Price reduced
$687,000 $715,000 ↓ $28,000
Property Overview
Beds 4
Sq. Ft. 1,212
Lot Size 0.14 acres
Year Built 1974
Property Type Duplex
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026105013000
Parking
Garage Spaces 2
Total Parking 2
Attached Garage Yes
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Cooling None
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
64
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.

STR Investment Summary — 840 Modesto Avenue #1, 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.
Structural Score: 64 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,709 sq ft covered of 1,802 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,005 sq ft
Allowed Coverage
1,802 sq ft · 30%
Existing Coverage
2,709 sq ft · 45%
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 ↗ How the Basin compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$2,900 – $3,400/yr
about $262/mo
Est. Rebuild Cost (Coverage A)
$509,040
FAIR Plan (fire)
$2,400/yr
DIC wrap (theft, water, liability)
$500 – $1,000/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$4,364 per month
Principal & interest
$3,474/mo
Property taxes
$627/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$263/mo
CA FAIR Plan + DIC estimate, ~$2,900–$3,400/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($137,400)
Home price
$687,000
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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