$1,545,000
Active
0 California Avenue
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
About This Property
This rare .86-acre parcel sits in the heart of downtown Reno and the historic Old Southwest, uniquely positioned along the Truckee River. With about half an acre of flat, buildable space, the lot then terraces to the river's edge, offering an opportunity to create a home that blends urban and natural scenery. Set between two iconic 20's mansions, this property captures both the vibrancy of downtown Reno and the serenity of riverside living, making it a truly exceptional setting for a custom residence. The steeper portion of the property can be terraced and developed with a landing area near the river, creating a peaceful retreat along the water's edge.
Listed by Rebecca Dickson — Dickson Realty - Caughlin
Listing Details
Status
Active
MLS #
250053123
Days on Market
324
Property History
Jul 16, 2025
Listed for sale
$1,545,000
Property Overview
Exterior & Lot
Lot Features
Level, Sloped Down
View
City, Mountain(s)
Utilities & Systems
Water Source
Truckee River
Financial
Annual Tax
$4,101
Schools
Elementary School
Hunter Lake
Middle School
Swope
High School
Reno
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%
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% ($309,000)
Home price
$1,545,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
