$836,000 Active
3695 Primrose Road
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.
5 Beds
·
2,116 Sq Ft

About This Property

Spacious and newly updated duplex in the sought-after Stateline area, just minutes from Heavenly Ski Resort and Stateline's dining, shopping, and entertainment. This well-maintained investment property generates a monthly income of $6,300.The upper unit features a generous 3-bedroom, 2-bath layout with an expansive living room and open dining/kitchen area, ideal for comfortable living or hosting. The lower unit includes 2 bedrooms, 1 bath, and a single-car garage with laundry hookups. Both units are in good condition.Set well back from the street, the home offers a long, oversized driveway providing ample parking. Recent upgrades include a new roof, flooring, paint, kitchens, and bathrooms. Both units enjoy cozy open fireplaces, adding a touch of mountain charm to this exceptional income property.

Listed by Lloyd Aronoff — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 142233
Days on Market 249
Sold Date 1800-01-01
Price/Sq Ft $395

Property History

Sep 29, 2025
Listed for sale
$836,000
Property Overview
Beds 5
Sq. Ft. 2,116
Lot Size 0.11 acres
Year Built 1962
Property Type Duplex
Subdivision Pinewood Terrace
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 029371008000
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof Composition, Shingle
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Cooling Other/See Remarks
Financial
Annual Tax $7,276
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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%

STR Investment Summary — 3695 Primrose Road, South Lake Tahoe

Est. Annual Revenue
$66,754
Avg Nightly Rate
$651
Projected Occupancy
28.2%
Cap Rate
3.2%
Structural Score: 56 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

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% ($167,200)
Home price
$836,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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