$1,350,000
Active
1222 Sierra Boulevard
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
8
Beds
·
3,600
Sq Ft
About This Property
Multi-Family Investment Opportunitywith Bonus Lot!Fully occupied and ideally located, this 8-unit apartment building at 1222 Sierra Blvd presents a strong income opportunity with room for long-term value growth. The property includes a mix of studio and 1-bedroom units, some with in-unit laundry hookups, and is well-suited for long-term tenants seeking central access to all South Lake Tahoe has to offer.Included in the sale is the adjacent lot at 2544 Rose Ave (separate APN), currently used as a private parking lot exclusively for tenant usean added amenity rarely available in multifamily offerings. Both parcels are being sold together, providing expanded utility and future potential.
Listed by Michelle Blue-Benedict — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe
Listing Details
Status
Active
MLS #
141797
Days on Market
354
Sold Date
1800-01-01
Price/Sq Ft
$375
Property History
Jun 16, 2025
Listed for sale
$1,350,000
Property Overview
Beds
8
Sq. Ft.
3,600
Lot Size
0.12 acres
Year Built
1960
Property Type
MLF
Subdivision
Unavail
County
El Dorado
STR Jurisdiction
South Lake Tahoe
APN
031212002000
Parking
Parking Features
0.00
Exterior & Lot
Exterior Features
Storage Shed
Construction
Wood Frame,Wood Siding
Roof
Composition
Foundation
Slab
Utilities & Systems
Heating
Natural Gas,Wall or Space Heater
Cooling
Natural Gas,Wall or Space Heater
Financial
HOA / Community
South Tahoe Association of Realtors
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% ($270,000)
Home price
$1,350,000
Loan details
30-yr fixed, 6.5%
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