$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 — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
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 399
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

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%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,276 sq ft covered of 1,502 sq ft allowed
226 sq ft of coverage still available to add.
Parcel Size
5,006 sq ft
Allowed Coverage
1,502 sq ft · 30%
Existing Coverage
1,276 sq ft · 25%
Addable Coverage
226 sq ft
Existing Units
8

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% ($270,000)
Home price
$1,350,000
Loan details
30-yr fixed, 6.5%
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