About This Property
This South Lake Tahoe duplex with two separate cabins on one parcel offers a rare combination of rental income, development potential, and flexible living options in a highly desirable, walkable neighborhood near the beaches and public transportation.The front cabin, a 1 bedroom / 1 bathroom, has a long-term tenant in place for 12 years, providing immediate rental income. Tucked behind it, the fully renovated 2 bedroom / 2 bathroom cabin offers modern comfort and privacy, along with a covered workshop/porch areaperfect for storage, hobbies, or gear for Tahoe adventures.The property features ample off-street parking and is zoned for up to two additional units, creating exceptional upside for future development or expansion. A TRPA Land Use Verification is on file, confirming 3,228 square feet of remaining coverage, offering significant flexibility for building additional cabins or a primary residence.A previously existing well is currently inoperable but may be resurrected and used again, offering potential utility savings for future improvements (buyer to verify feasibility with appropriate agencies).Located in a walkable South Lake Tahoe neighborhood close to beaches, trails, and bus lines, this property is ideal for tenants, owner-occupants, or investors seeking a multi-unit income property with future build potential. Whether you're looking to live in one cabin, rent the others, and build your dream Tahoe home, or expand your rental portfolio, this is a rare opportunity to secure cash flow today with long-term upside tomorrow.
Listing Details
Property History
STR Investment Analysis
Red ZoneSTR Investment Summary — 705 Eloise Avenue, South Lake Tahoe
Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
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 ↗Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
